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

The finance ministry plans to table the Finance Bill 2013-14 for debate and passage by the Lok Sabha on May 8.

Published: April 27, 2013 1:46:25 am

New Delhi: The finance ministry plans to table the Finance Bill 2013-14 for debate and passage by the Lok Sabha on May 8. The passage of the Bill will effectively bring to an end the Budget calendar of the finance ministry which began with the Budget speech on February 28. ENS

Tata Technologies to buy US-based Cambric

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 FY’13 for undervaluing shares. “In FY’13,27 cases of undervaluation of shares sale by Indian firms to their associated enterprises had been detected…” finance minister P Chidambaram said in the Lok Sabha. PTI

H&M prepares $130 mn drive for Indian market

STOCKHOLM: Hennes & 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 country’s foreign exchange reserves were down by $485.9 million to $294.76 billion for the week ending April 19,the RBI said. PTI

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