In what seems like an end of road for the telecom operators, the SupremeCourt denied any relief to them on the AGR (adjusted gross revenues) issue.India's Wholesale Price Index (WPI) inflation worsened to 3.1 per cent inJanuary from 2.59 per cent in December, registering a 0.51 per cent increase.The Competition Commission of India (CCI) told Karnataka High Court thatAmazon's claim that the commission did not follow due process in its probeagainst the company and rival Flipkart is a "mischievous one". Read for more top stories from the world of business and economy:
PM Modi drew flak for his comments recently only 2,200 professionals declared income above Rs 1 crore per annum but CBDT has clarified that it's true.
Wholesale Price Index: This is highest inflation figure in past eight months as last time wholesale inflation touched 3.1 per cent was in April 2019. Before that, it touched 3.46 per cent in December 2018.
SpiceJet reported growth in air transport services during the December quarter, as segment results for the period almost doubled to Rs 115.05 crore from Rs 58.55 crore from the year-ago period.
CCI counsel told Karnataka High Court that law gave the commission full jurisdiction to investigate Amazon for potential anti-competitive activity.