The Jindal Group is counting on favourable government policies and new investors to complete the country’s largest hydropower project, as a generation glut makes the estimated $3.3 billion facility a risky bet. The company holds a 74 per cent stake in the 3.1 gigawatt Etalin Hydro Electric Power Co, with the Arunachal Pradesh government owning the rest.

Amazon plans to invest a total of Rs. 10 crore in its ‘Local Shops on Amazon’ programme which will list kirana stores, electronics and other local shops among its sellers (5,000 such stores across 100 cities).

Bajaj-KTM plan to jointly enter the electric moped segment by 2022. The Bajaj-KTM make will be very lightweight and will run on low power electric motors (3 kW and 10 kW). The e-moped will be produced and sold by Bajaj Auto in India and later exported to KTM for the international market.

The Asian Infrastructure Investment Bank (AIIB) is considering a proposal to finance a $500-million project in India to strengthen country's national health care systems. The scope of funding will also include the purchase of equipment and detection capacity as country battles the Covid-19 pandemic.

The Andhra Pradesh government plans to spend Rs. 16,0000 crore to revamp healthcare system in the state. This involves revamping and development of village clinics, primary healthcare centres, etc under the Nadu-Nedu programme. The construction of new medical colleges is also in the plan.

The company is setting up an office in India under the name Oberoi-A&M Infra-Consortium, following which A&M and Polaris Energy Resources Inc (USA) will undertake development of mega infrastructure projects in India, largely on the EPC and finance model. Priority projects will include low cost housing, roads, bridges, and smart cities.

The Mysuru Urban Development Authority (MUDA) has presented a surplus budget of Rs. 1.58 crore for the financial year 2020-2021. The major expenditure would be the development of roads and new residential layouts. MUDA has proposed to construct a 105-km Outer Peripheral Ring Road (OPRR) at a cost of Rs. 5 crore.

The International Finance Corporation (IFC) plans to invest $10 million (around Rs 76 crore) in a new private equity fund of India Alternatives. IFC is also considering another $500,000 commitment to the India Alternatives Private Equity Fund II as part of its Women Entrepreneurship Finance Initiative.

Indian Gas Exchange (IGX), a wholly-owned subsidiary of Indian Energy Exchange (IEX), hopes to launch natural gas trading on its platform beginning next month. Initially, the company has identified Dahej, Hazira and Kakinada as delivery points and will subsequently include Dhabol, Kochi, Ennore and Mundra terminals.