Mobile tower operators will pass on their 18% tax burden under GST regime to telcos which will lead to costlier phone bills Source: Livemint.com (http://www.livemint.com/rss/industry)

New tax rates under GST would hit more than 10 gigawatt of ongoing utility scale solar power projects and pose a threat to their viability, Bridge to India report said…

The proposal for 100% FDI in retail won’t allow imported item to be sold by multinational supermarket chains, in an attempt to further the Make in India drive Source: Livemint.com…

Maharashtra State Co-operative Bank Ltd rejected the state govt’s proposal to take over loss-making Wardha District Central Co-operative Bank in Vidarbha Source: Livemint.com (http://www.livemint.com/rss/industry)

The defence ministry’s decision to allow private companies to build fighter jets, submarines, armoured vehicles is likely to help defence manufacturing firms Source: Livemint.com (http://www.livemint.com/rss/industry)

35 of 38 listed banks that have so far reported March quarter results posted a 26.6% rise in gross bad loans to Rs6.41 trillion from a year earlier Source: Livemint.com…

TCS, Infosys, Wipro are grappling with falling revenue per employee and operating margins as they are struggling to generate revenue from digital businesses Source: Livemint.com (http://www.livemint.com/rss/industry)

GST rate for financial services transactions, such as banking, mutual funds, insurance and stockbroking has been increased to 18% from 15% earlier Source: Livemint.com (http://www.livemint.com/rss/industry)

Under the strategic partnership model, private entities will build military equipment like submarines and fighter jets in India in partnership with foreign entities Source: Livemint.com (http://www.livemint.com/rss/industry)

The Indian government is expected to roll out a new drug policy and devise rules for clinical trials that may bring new projects to the country, says G.N. Singh of…