Prime Minister Narendra Modi on Monday reviewed the preparedness for the Goods and Services Tax (​GST) and said that the roll-out of the new indirect tax regime from July 1 will be a turning point for the economy.

This was the first review by the PM after the GST Council finalised the rates, and the second since May 2.

Apple Inc and Amazon.com Inc will join Foxconn's bid for Toshiba Corp's semiconductor business, the Nikkei business daily quoted Foxconn Chairman Terry Gou as saying on Monday.

The two US technology giants plan to "chip in funds", Gou said in an interview, according to the newspaper. It was not immediately clear if this would take the form of a direct investment in the semiconductor unit or would be financing for the deal.

China today defended PLA helicopters hovering over Barahoti region of Uttarakhand’s Chamoli district, saying India and China have a territorial dispute in the eastern section of their boundary and the Chinese military carry out regular patrolling in the relevant areas.

While the details can be obtained from the Ministry of Defence, “in principle China and India have territorial disputes in the eastern section of the China-India border”, Chinese Foreign Ministry spokesperson Hua Chunying told the media when asked about reports that PLA helicopters violated Indian airspace on Saturday.

Delhi-based cab aggregator Ola on Monday announced that its shared mobility offering Ola Share has registered 500 per cent growth in the last one year.

Delhi, Bengaluru, Mumbai, Hyderabad and Kolkata emerged as the biggest users of Ola Share.

The country's largest carmaker Maruti Suzuki India(MSI) is focusing on new technologies to cut emission per vehicle while enhancing fuel efficiency for its future models.

The company said it has been able to bring down weighted average of CO2 emission for its entire fleet by nearly 19 per cent over a decade since 2007-08.

Reliance Jio topped the chart in 4G network speed for the month of April with an all-time high download speed of 19.12 megabit per second, as per the latest Trai report.

The Telecom Regulatory Authority of India (Trai) collects and computes data download speed with the help of its MySpeed application on a real-time basis. Theoretically, a user can download one Bollywood movie in about five minutes at 16 mbps speed.

Shares in Reliance Communications rose as much as 4.6 per cent on Monday after the debt-laden mobile carrier said it won a seven-month reprieve on its loans from lenders.

The company's chairman, billionaire Anil Ambani, said on Friday it will receive a "standstill" on debt servicing obligations until December as it works on two deals that it expects will reduce its debt by 250 billion rupees ($3.9 billion), or 60 per cent of its $7 billion debt.

Four militants were killed Monday in a retaliatory fire by security forces as they attempted to attack a CRPF camp at Sumbal in Bandipora district of Jammu and Kashmir.

The heavily armed militants tried to enter the camp of 45 Battalion CRPF at Sumbal in Bandipora at around 4:10 am by opening fire at the sentry post, a police official said.

Tata Consultancy Services (TCS) applied for only a third of the H-1B work visas this year compared to 2015, helped by increased hiring from engineering campuses and B-schools in the US.

The move comes at a time when the Indian IT companies are confronted by closer scrutiny and tighter visa norms in the US, a market that accounts for nearly 60 per cent of India's IT exports.

The GST Council on Saturday, cleared the pending rules, including transition provisions and returns, with all the states agreeing to July 1 roll out of the Goods and Services Tax.

"We were discussing the rules and (they) have been completed. Transition rules have been cleared and everybody has agreed for July 1 roll out," Kerala Finance Minister Thomas Isaac told.

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