IRCTC shares fall 8% as govt offers stake sale of 20%
Business | December 10, 2020 13:44 ISTAround 12 p.m., IRCTC shares on the BSE were trading at Rs 1,481.50, lower by Rs 136.55 or 8.44 per cent from its previous close.
Around 12 p.m., IRCTC shares on the BSE were trading at Rs 1,481.50, lower by Rs 136.55 or 8.44 per cent from its previous close.
The government is planning to sell up to 20 per cent stake in Indian Railway Catering and Tourism Corp (IRCTC) through an Offer for Sale (OFS) which opens for subscription on Thursday.
As railways plan to introduce new private trains in the coming years, companies including GMR, Indian Railway Catering and Tourism Corporation (IRCTC), L&T Infrastructure Development Projects, Bharat Heavy Electricals and Welspun Enterprises are among 13 players who have been shortlisted by the Indian Railways to run private trains.
The Indian Railways has decided to cancel Lucknow-Delhi and Mumbai-Ahmedabad Tejas Express trains due to the low occupancy amid the pandemic.
To provide more convenience to the passengers, the Indian Railway Catering and Tourism Corporation (IRCTC) has introduced new rules in the train ticket booking related to the second reservation chart.
Indian Railways has allowed booking and cancellation of tickets till 5 minutes before departure of the train. The new rule will come into effect from tomorrow i.e October 10. The new rule will be applicable for all special trains being run by Indian Railways, along with Tejas Express, which will start from October 17th.
Amazon India has partnered with IRCTC to allow users to book train tickets with ease. Know more about it
Amazon India on Wednesday said it has partnered with Indian Railway Catering and Tourism Corporation (IRCTC) to provide their customers with the facility to book reserved train tickets on its platform.
In a big relief for passengers, the Indian Railways has allowed the sale of cooked food at its catering and vending units on stations ahead of the festive season for the first time since the coronavirus outbreak.
Union Railway Minister Piyush Goyal has shared the video of world's tallest pier bridge that the Indian Railways is constructing in Manipur. The Railways Minister said the world's tallest pier bridge is being constructed across river Ijai in Manipur.
The government plans to sell about 15-20 per cent stake in the Indian Railway Catering and Tourism Corp (IRCTC) through an offer for sale (OFS), and would like to complete the transaction in a minimum number of tranches.
The Central government is planning to sell part of its shares in the Indian Railway Catering and Tourism Corp (IRCTC) through an offer for sale (OFS).
The Indian Railways on Tuesday announced that all regular passenger and suburban train services will continue to remain suspended till further notice. However, special trains which are currently into service will continue to run.
IRCTC-SBI card offers travellers on Indian Railways maximum savings proposition on their travel, together with superior benefits on retail, dining and entertainment, besides transaction fee waivers.
Indian Railways Moradabad division under the northern railway zone has modified the way it used to check passenger tickets. The examiners have now shifted to scanning the QR codes printed on the tickets in order to reduce human contact amid the COVID-19 pandemic.
IRCTC Tatkal Tickets Booking: In a big relief to Railway passengers, the Indian Railways has opened the tatkal ticket booking service for all the 230 special trains it is currently operating, Central Railways PRO Shivaji Sutar said. The passengers can book tickets for travellling in these special trains starting tomorrow.
Railways will start advance booking for up to 120 days, including tatkal, current reservations for 230 trains from May 31, 2020 onwards. From June 1, the additional 200 trains will also resume services.
If we get any requirement from any state govt authority, we are also prepared to run trains within the state: Railway Board Chairman Vinod Kumar Yadav
The Indian Railways has made certain modifications in the terms and conditions of booking special trains running with effect from May 12. The Railways is presently running 15 pairs of special trains. The extension of the Advance Reservation Period (ARP), no tatkal booking are some of the major changes that have been made by the Railways.
In a big relief for passengers, Indian Railways opens its reservation counters at select stations for booking of only reserved tickets from today, nearly two months after they were shut due to the coronavirus lockdown. Railway Minister Piyush Goyal also said an announcement on the resumption of more trains will be made soon.
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