Reserve Bank of India (RBI) governor Urjit Patel gets a little over Rs 2 lakh per month as salary and has not been provided with any supporting staff at his residence, the central bank has said.

Patel, who took over as RBI governor in September, is in possession of the bank's flat (deputy governor's flat) at Mumbai, it said.

Flipkart has received one more jolt with another of its investors Vanguard Group marking down the value of its holding by 33% to put the valuation of the e-commerce major at $7.3 billion. This follows the mark down by Morgan Stanley, earlier this week, which had put its valuation at $5.5 billion.

The mutual fund company Vanguard Group in its regulatory filings, has put the value of its holding in Flipkart at $68.7 per share at the end of September, 2016 as compared to $102.6 in March this year. This has brought down the valuation of the company from $11 billion to around $7.3 billion.

Mumbai: The Indian rupee strengthened for the fourth consecutive sessions against the dollar ahead of the US non-payroll data due later on Friday.

Rupee closed at 68.23 a dollar, up 0.18% from its previous close of 68.35. The home currency opened at 68.29 against the US dollar. So far this year, it has fallen 3.04%.

BENGALURU: Realtor's body Credai said real estate prices has a chance to rise by about 20% in the next one year post demonetisation as builders go slow on new launches, introduction of the new regulatory bill and higher input cost.

New launches are expected to dry up rapidly as realtors adopt a wait and watch approach and customers anticipate a further drop in housing prices. The situation will be aggravated as new approvals will be slow and builders will have to be more compliant with the Real Estate Regulatory Act (RERA) which comes into effect next year.

Chitra Ramkrishna, managing director and chief executive officer (CEO) of the National Stock Exchange of India Ltd (NSE), has resigned, according to an NSE statement issued on Friday.

The resignation comes at a time when the exchange is preparing for its initial public offering (IPO), slated for January.

Kolkata: Bandhan Bank on Friday said it would start its own training school for bankers, potentially adding a new revenue stream to its operations.

The microfinance institution-turned-bank will offer a one-year residential training programme to “young graduates” and hire them as assistant managers on successful completion of the course.

How much does an Apple iPhone cost in India? While there are many models of the phone available, there is no one price that these, or for that matter, any Apple product, sell at. But the Cupertino-based tech giant may soon remove that anomaly, by setting up its centre in India; this would not only bring price parity, but also help stock products in adequate numbers. Starting 2017, the iPhone, iPad and Mac computers will be available in more Indian cities.

Telecom player Reliance Jio may face a paltry fine of Rs 500 for using Prime Minister Narendra Modi's photograph in its print advertisement a day after the formal launch of Jio's services on September 5.

In a reply to a question in the Parliament, Minister of State for Information and Broadcasting Rajyavardhan Singh Rathore said that while no permission was taken or granted by the Prime Minister's office for the use of the photograph in Jio's endorsements, the government was aware that it had happened.

Japanese carmaker Nissan Motor India has launched its iconic model GT-R in India, priced at Rs 1.99 crore (ex-showroom Delhi).

The Nissan GT-R is the iconic supercar that embodies the pinnacle of Japanese firm's engineering prowess and driving performance.

The government on Friday announced a steep increase in the limit for issue of securities under the Market Stabilisation Scheme (MSS) to R6 lakh crore from R30,000 crore earlier. This will be the highest limit for issue of securities under MSS ever.

Under the MSS window, the Reserve Bank of India on Friday auctioned cash management bills for an amount of R20,000 crore with a tenure of 28 days, which attracted 47 bids in all for notes worth R40,765 crore.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.