Briefly Business: FinMin plans to table Finance Bill in LS on May 8

New Delhi: Tata Technologies today said it will acquire US-based Cambric for 32.5 million about Rs 180 crore,a move that will strengthen its presence in global construction sector. PTI

27 entities faced TP cases,says FM

New Delhi: As many as 27 entities have faced transfer pricing TP cases in FY13 for undervaluing shares. In FY13,27 cases of undervaluation of shares sale by Indian firms to their associated enterprises had been detected8230; finance minister P Chidambaram said in the Lok Sabha. PTI

Hamp;M prepares 130 mn drive for Indian market

STOCKHOLM: Hennes amp; Mauritz plans to spend around 130 million on an initial 50 stores in India,hoping rising incomes in the country will fuel demand for its fast-changing fashions. Reuters

Forex reserves fall by 485 mn to 294.76 bn

Mumbai: The countrys foreign exchange reserves were down by 485.9 million to 294.76 billion for the week ending April 19,the RBI said. PTI