RJD leaders attacked PM Modi and CM Nitish Kumar, alleging that it was a malicious exercise.
IRCTC has four Rail Neer plants.
Equity markets may witness a gradual up-move this week with some volatility as both election and earnings season are nearing their end, analysts said, adding that global trends and trading activity of foreign investors would hold significance in dictating investors' sentiment. Benchmark indices, which had a record-breaking rally last week, would also track global oil benchmark Brent crude and the rupee-dollar trend. The monthly derivatives expiry on Thursday may also fuel volatility in markets.
This would extend the choice of holidays that the web-site offers to its customers,providing travellers options ofbest-deal railway packages along with air-tickets, hotel bookings and holidays, on a single platform, a statement from the company said.
The corporation is planning to introduce the new service on its website soon with the aim to help "travellers get all travel-related solutions at a single source".
In a major setback to the IRCTC, Railways have decided to strip the PSU of its catering responsibilities in Rajdhani, Duronto, Shatabdi and all other mail and express trains.
The agency is probing members of the Lalu Prasad family and others under the Prevention of Money Laundering Act.
Initially the Commonwealth Games Organising Committee had considered giving the whole catering contract to Indian Railway Catering and Tourism Corporation as cost-cutting measure but the proposal could not materialize as IRCTC made inordinate delays in responding, the OC said on Saturday.
IRCTC group general manager Virendra Singh (Western region) inaugurated the food stall in presence of divisional railway manager, Nagpur division of Central Railway, D K Sharma.
Though letter of allotments of land were issued to a few hotel chains like Royal Orchid and Signet Hotels for 20 sites last year, land could not be transferred due to the objections raised by the Rail Land Development Authority. The hotel plan was unfolded by the IRCTC in 2006 and accordingly 100 railway sites were selected for setting up budget hotels on public private partnership model.
The action is in connection with its money laundering probe in the IRCTC hotel allotment scam case involving Rashtriya Janata Dal chief Lalu Prasad and his family.
Prime Minister Narendra Modi reached out to the attendees of the Kashi Tamil Sangamam in Varanasi with his speech being translated for the audience in real-time using artificial intelligence.
The catering supervisor of the Indian Railway Catering and Tourism Corporation Limited-managed canteen at New Maharashtra Sadan, who was force-fed by a Shiv Sena member of Parliament in a fit of rage, has claimed chapatis were forced into his mouth even though they knew his name and his religious sentiments were hurt.
Indian Railway Catering and Tourism Corporation (IRCTC), the Indian Railways' wholly-owned listed subsidiary, is eyeing partnerships to offset recurring costs incurred in train operations, which is part of its two-year-old diversification from core catering and ticketing businesses. To this end, it is courting public sector undertakings such as Bharat Heavy Electricals (BHEL) and others to create a special purpose vehicle for the routes for which IRCTC has bid. The Railway ministry opened bids for public private partnerships in passenger train operations in July 2021 and received bids to operate 29 pairs of trains with around 40 modern rakes that would entail an investment of Rs 7,200 crore.
The rally in the equity markets in the second half of 2023 has led to a sharp surge in the cutoff for stocks to qualify as largecaps and midcaps. On the latest list put out by the Association of Mutual Funds in India (Amfi), the smallest largecap stock now has a market capitalisation (m-cap) of Rs 67,000 crore, 35 per cent higher than in July 2023. In the case of midcaps, the cutoff has surged 26 per cent to Rs 22,000 crore.
In a relief for people travelling long distances, the Indian Railways is set to resume serving cooked meals on trains, a service which was discontinued in the wake of the coronavirus pandemic.
The Shivraj Singh Chouhan government in Madhya Pradesh will be taking some senior citizens in the state on free pilgrimages by air under its existing scheme and the exercise will start from May 21, months before the assembly polls in the Bharatiya Janata Party-ruled state.
Around 25 buses carrying Trinamool Congress volunteers set out from Kolkata on Saturday for the planned protest programme in Delhi on October 3 against the alleged withholding of funds by the Centre, party leaders said.
The last year has seen public sector undertakings (PSUs) outperforming the Nifty50, albeit by a small degree. But PSU valuations are still, on average, less than half of private sector peers at price-to-equity or PE 8.7x for the Nifty PSU Index versus 20.9x for the Nifty50. There are several reasons for lower valuation.
Consumption-related stocks, such as hotels, and quick service restaurants (QSRs), have been hitting the ball out of the park ahead. On the other hand, the Miss World Pageant scheduled for later this year in New Delhi, too, could provide some tailwind to these stocks, especially hotels and aviation. However, analysts suggest investors put their best foot forward and buy these counters only on a decline given the recent rally and economic headwinds.
Stock markets would be largely driven by macroeconomic data, auto sales numbers, FII inflows and global trends this week, analysts said. The US debt ceiling negotiations and institutional flows will also be watched by investors. "This week, market participants will closely monitor institutional flows, as there is a historical observation that when both FIIs and DIIs become net buyers simultaneously, there is a likelihood of some profit-booking in the market," said Santosh Meena, head of research, Swastika Investmart Ltd.
'The government will take proactive steps to see that their participation in the equity market, especially in PSU stocks, is rewarding.'
The proposed 18-day Bharat Gaurav Tourist train tour has its first stop at Ayodhya, the birthplace of Lord Ram, where tourists will visit Shri Ram Janmabhumi temple and Hanuman temple.
The government currently holds 87.40 per cent stake in IRCTC. To meet Sebi's public holding norm, it has to lower its stake in the company to 75 per cent.
At least 10 persons were 'reported dead' in a fire that broke out inside a stationary train compartment in Madurai railway station in the wee hours of Saturday, the Southern Railway said, adding a 'gas cylinder illegally' taken in led to the blaze.
IRCTC to restore service charges on e-tickets from Sep 1; Rs 15 for non-AC, Rs 30 for AC classes.
Southern Railway however clarified that the issue was the result of a particular user selecting Hindi as the preferred language while registering in the IRCTC website. 'Language is an option in e-ticketing,' a Southern Railway release said.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The Tejas Express between Ahmedabad and Mumbai Central will run six days a week except on Thursday. The train will halt at Nadiad, Vadodara, Bharuch, Surat, Vapi and Borivali stations in both directions. The train will have AC Chair Car Executive Class and AC Chair Car coaches. Meals will be served to passengers by on-board service staff.
Bihar Chief Minister Nitish Kumar on Friday declared that he will not realign with the Bharatiya Janata Party till he is alive, accusing the former ally of using investigating agencies for targeting political opponents like Rashtriya Janata Dal president Lalu Prasad.
Apart from air travel, Flipkart would also be able to offer train bookings through Cleartrip.
After freight and passenger segments, the railways is set to begin a third segment dedicated to the tourism sector and launch a set of around 190 theme-based trains called Bharat Gaurav trains, minister Ashwini Vaishnaw said on Tuesday. Addressing a press conference, the railways minister said these trains could be run both by the private sector as well as the IRCTC. "These are not regular trains that will be run on timetables.
An amount of Rs 100 will be paid in case the delay is for over an hour and Rs 250 for delay of over two hours, the IRCTC said ahead of the launch of its first train. The train is scheduled to make its first commercial run on October 5.
Investors seem to be shying away from stocks of companies in the 'digital' space with most counters that comprise the Nifty India Digital index giving negative returns over the past year. The index tracks the performance of a portfolio of stocks that broadly represent the 'digital theme' within basic industries, such as software, e-commerce, IT-enabled services, industrial electronics, and telecom services. The fall in some of these stocks over the past year has been steep; the sharpest decline of around 60 per cent was seen in shares of PB Fintech (parent company of Policybazaar).
These trains will be run as special trains from New Delhi station connecting Dibrugarh, Agartala, Howrah, Patna, Bilaspur, Ranchi, Bhubaneswar, Secunderabad, Bengaluru, Chennai, Thiruvananthapuram, Madgaon, Mumbai Central, Ahmedabad and Jammu Tawi.
Passengers who are disallowed from travelling on trains because of symptoms associated with the novel coronavirus will also receive full refund for their tickets, the railways has said.
A certain type of TGV, called V150, holds the world record for the highest speed on any national rail system. This record has been in place since April 2007.
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Since it began commercial operations from October six for six days a week, the train has maintained a tight schedule.
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