Using the fresh funds, the company plans to expand to over 20 cities in the next 12 months.
The combined entity's network covers trade routes responsible for more than 50% of global air cargo volume, the companies said in a statement on Wednesday.
But there is a catch — the Rs 50 charge has been added to the prices of snacks, lunches and dinners.
IRCTC’s opportunity set now goes beyond the monopoly businesses with Indian Railways into an interesting new-age area as well. Hence, despite its steady outperformance, the stock remains a long-term compounder, suitable for any investor. Find out more
With a monopolistic business model and a strong balance sheet, the company is strongly placed for future growth
Flooded with complaints on the food quality, the railways replaced the existing policy after seven years giving back onboard catering responsibility to the IRCTC for majority of trains.
Spini the market place app which connects referrers and sales professionals across India has now expanded and launched operations in Mumbai, Pune and ...