A consortium of Mitsui & Company and Ishikawajima-Harima Heavy Industries Company is in the final stages of negotiating a contract to construct six 660MW coal-fuelled electric power plants, the largest in India, sources at the two firms said. The order, worth 500-600 billion yen ($4.1-4.

The Singapore government will be spending S$3 billion ($1.64 billion) on subway and road projects to improve the city state's transport system, the Sunday Times reported.

A German-led consortium and a Swiss-led team have submitted detailed feasibility reports to build an international airport at Bangalore, India's technology capital, an economic daily said.