ONGC Videsh (OVL) is all set to acquire British oil firm Imperial Energy. Imperial Energy explores oil in western Siberia. OVL is a foreign investment arm of Oil and Natural Gas Commission. OVL managing director RS Butola said that the acquisition would help to grow the business in the Tomsk region.

Sobha Developers Ltd, Bangalore-based realty developer, is planning to raise Rs 350 crore through a rights issue.

According to sources, the company will conduct an extraordinary general meeting (EGM) on September 22 to get the required shareholders approvals for the rights issue. It plans to use the proceeds for general corporate purposes, including working capital, acquiring land and other needs.

DLF, the country's largest property developer, plans to seek shareholder approval to raise as much as Rs 10,000 crore from institutional investors for its development plans, over the next 12 months.

According to the company, the shareholders will pass an enabling resolution to this effect in the next annual general meeting which will be held on September 30. The company may sell shares to investors within 12 months of getting the approval.

Mumbai, Aug 27: The Bharat Sanchar Nigam Ltd (BSNL) will switch over to the Call-Detail-Record (CDR) billing system for its 3.5 crore landline subscribers in the next couple of months.

"Our landline billing system as of now works on the conventional technology, and we are unable to give a customised offer to subscribers. But very soon all that will be a thing of the past," BSNL Deputy Director General, (Enterprise Business), Sunil Kumar said.

Ludhiana-based GS Auto International Ltd plans to raise up to Rs 50 crore for its expansion plan, including setting up a new manufacturing unit.