Indian Railways’ passenger fares have always been heavily subsidised. And while passenger revenue has been hit with Covid crippling operations, even freight fares, which offset the lower passenger fares, have been reduced.
The Lucknow-New Delhi and Ahmedabad-Mumbai Tejas Express trains were suspended on March 19 amid coronavirus pandemic and from today onwards both the trains restart its operations.
Indian Railways: As an introductory offer, Amazon is offering discounts for IRCTC train ticket bookings on Amazon Pay.
Defective material in loco manufacturing, bad workmanship main reasons. CAG also pulls up Railways on LHB coaches. A committee had recommended a switchover to the manufacture of these coaches by 2012. However, it came into effect only from April 1, 2018.
The CAG peeked through Indian Railways’ window and found it was dressing up numbers. Including advance freight earnings has done little to tackle the national transporter’s continuing pain. Internal resource generation has dwindled and dependence on borrowings is rising
Prabhudas Lilladher is bullish on IRCTC has recommended buy rating on the stock with a target price of Rs 1645 in its research report dated September 14, 2020.
If the stock of IRCTC remains lacklustre due to the impending headwinds, it may be a great idea to gradually build up position in the weak phase
There are currently 230 passenger trains run by Indian Railways and these 80 will be in addition to those, Indian Railways said, adding, these are basically 40 pair of new trains running to-and-fro making it a total of 80 new trains.
The last date of submission of bids has been extended till September 14, the DIPAM, which manages the government share sale, said. The government currently holds 87.40 percent stake in IRCTC.
IRCTC, which operates in four business segments- internet ticketing, catering, packaged drinking water under the “Rail Neer” brand, and travel and tourism- has suffered a serious blow due to COVID-19.
Indian Railway passengers can now book tickets for 80 new special trains that will be run by the Ministry of Railways from September 12 to meet increased demand due to reverse migration of workers
The Department of Disinvestment has invited bids for the appointment of merchant bankers and selling brokers, as per a news report.
The IRCTC OFS will help the government move closer to its Rs 2.10 lakh crore disinvestment target
For investors with patience to wait, we are recommending some high quality companies that can tide themselves over the storm on the strength of their balance sheets and leadership position
Reports say the government is considering a stake sale of 8-10 per cent in LIC, which would help it raise around Rs 90,000 crore
The government currently holds 87.40 percent stake in IRCTC. To meet SEBI's public holding norm, the government has to lower its stake in the company to 75 percent.
The Department of Disinvestment has invited bids for the appointment of merchant bankers and selling brokers.
The card also offers a 1 percent transaction fee waiver and 350 Bonus Reward Points upon card activation. Reward points accumulated on the card can be redeemed against free tickets on IRCTC website.
Artificial Intelligence (AI) will be used to provide a better ticket booking experience to passengers, said Railway Board Chairman, VK Yadav.
Private trains in India: Revenue-sharing clause, sheer level of investment required, competition from airlines could prove to be stumbling blocks
With passenger revenues and the catering business set to remain under the cosh for the next few quarters, the coronavirus pandemic has stunted IRCTC’s growth prospects following a stupendous public offer last year.
Prabhudas Lilladher recommended accumulate rating on IRCTC with a target price of Rs 1495 in its research report dated July 11, 2020.
The tickets can be bought through the Indian Railway Catering & Tourism Corporation (IRCTC) website and mobile application
The IRCTC, in a letter, dated June 25, informed all its zonal offices that there was no requirement for these contractual workers under the present circumstances and they be given one month notice and their contracts terminated.
Indian Railways has started special trains, including 'Sharmik trains'. Many travellers are logging onto the IRCTC portal to book train tickets. Here are a few tips that could make the process easier.