Net profit of Ambuja Cements declined 13.11% to Rs 1218.37 crore on a 13.77% increase in sales to Rs 7076.87 crore in the year ended December 2009 over the year ended December 2008.

ACC, the second-largest cement player in India, is reported to be aggressively looking at expansion and more acquisitions after buyouts of two plants last week to retain its market share.

The US drugs regulator has reportedly asked Ranbaxy Laboratories to immediately assess the manufacturing practices at its plants that make drugs for the American market, saying the company has failed to adequately address the concerns raised by it earlier.

Larsen and Toubro and Franco-German aerospace and defence group, EADS, are reportedly working on a new equity structure to revive their proposed joint venture, which was earlier rejected by the government on the ground that it would exceed the 26% cap on foreign direct investment in the defence sector.

India's Central Electricity Authority has reportedly made it mandatory for winning bidders to order equipment such as boilers and turbine-generators for supercritical power plants from indigenous manufacturers.

Chairman of Sahara India, Subrata Roy, reportedly said he is open to an out-of-court settlement of a takeover deal with Jet Airways, which acquired Sahara's airline business 3 years ago.

GTL is reportedly raising Rs 1400 crore through non-convertible debentures to invest in green energy products and solutions for telecom infrastructure that can bring down costs for telecom operators.

Ansal Housing & Construction will undertake development and marketing of a township project at Yamunanagar. The project is expected to be completed over next 3-4 years and clock a turnover of Rs 125 crore approximately, it said in a statement to the BSE.

Fortis Healthcare's board will meet on 10 February 2010, to consider raising funds up to Rs 1000 crore by issuing securities.

Twilight Litaka Pharma will hold an extraordinary general meeting on 2 March 2010, to consider raising long term funds up to Rs 168 crore by issuing convertible warrants, global depository receipts or qualified institutional placements.

Sumeet Industries has received a Rs 20 crore export order for polyester chips from Egypt.