ACC and Ambuja Cements will report their Q4 December 2009 results today, 4 February 2010.

Ashok Leyland's total sales surged 222% to 7,871 units in January 2010 over January 2009. Domestic sales moved up 268% to 7,460 units. Exports fell 1.67% to 411 units in the period under review.

The Aditya Birla group, which is merging its two cement backreadcompanies, Grasim and UltraTech, will reportedly invest around Rs 7000 crore to set up three greenfield facilities likely to come up in the states of Chattisgarh, Andhra Pradesh and Tamil Nadu in the three-four years.

The managers of Axis Private Equity (PE) are reportedly looking at buying out promoter Axis Bank's stake. Other leading investors in the PE fund, including large state-owned banks, said they were unsure whether the fund will retain its clout if the ownership changes.

JSL will reportedly invest Rs 700 crore to set up a stainless steel park, in Orissa state. JSL is currently building a 16 lakh tonnes per year plant in the eastern coastal state. Seventy-one units will come up in the facility, which is adjacent to JSL's existing project. The firm has asked for 300 acres of land for the project and would take a year from the date of land acquisition to complete the project, the reports added.

Srei Infrastructure Finance, India Power Corp and Orbis Power Venture will make an open offer to buy 846,000 shares in DPSC at Rs 710 per share. The open offer was made after the Srei-led consortium agreed to buy 57.17% of paid-up capital in DPSC from Andrew Yule & Co group, Life Insurance Corp of India and United India Insurance Co Ltd, the offer manager, Axis Bank, said in a filing to the National Stock Exchange. The open offer would start on 26 March 2010 and close on 16 April 2010.

Temptation Foods' board approved raising up to $200 million via share sale to institutional investors or issue of depository receipts. The board also proposed a rights issue to fund expansion, terms of which would be decided in consultation with merchant bankers, it said in a statement to the Bombay Stock Exchange. The board also approved issuing 75 lakh shares at Rs 40 per share on preferential basis to Taib Securities Mauritius, HBS India Investment Mauritius and India Max Investment Fund, it added.