The stock, which is a play on the growth story of Indian Railways, has corrected 15 per cent from its 52-week high level of Rs 2,072.95 scaled on March 9. Yet, this has not deterred brokerages from holding a bullish view on the stock.
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.
Shares of public sector enterprises have corrected by up to 22 per cent month-to-date until March 19, 2024. Analysts attribute this steep fall to the valuation exuberance seen after a sharp run in these counters last year and suggest investors remain selective regarding the stocks in this space. "The rally in public sector undertaking (PSU) stocks has been stretched and sharp, although it is somewhat justified by improvements seen in earnings, operations, balance sheets, and overall profitability.
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 Railways on Friday launched SMS-based ticketing with two dedicated numbers - 139 and 5676714 - for the service.
Union Railway Minister Piyush Goyal said that even he finds it difficult to remember it sometimes and would be better to have a name that is easy to remember while browsing the internet
Of the total trains, 2,875 have terminated, while 401 are in transit. The top five states and union territories from where maximum trains originated are Gujarat (897), Maharashtra (590), Punjab (358), Uttar Pradesh (232) and Delhi (200).
Indian Railway Catering and Tourism Corporation (IRCTC) and Bharat Heavy Electricals (BHEL) are in talks for a partnership to run private trains. According to officials in the know, the two public sector undertakings (PSUs) are planning to form a special purpose vehicle (SPV) to run passenger trains on routes for which IRCTC has put in bids. "BHEL will be putting in the money required for private rail service, while IRCTC is going to focus on operational requirements," an official said. "IRCTC's business model has not been capital expenditure-focussed. It has built only operational enhancements," he added. Bids for public private partnerships (PPPs) in passenger train operations were opened last month.
Fifty-nine per cent of reserved tickets on Indian Railways are now booked online.
'This is necessary for protecting the Hindu religion'
In a first of its kind move, the Indian Railways Catering and Tourism Corporation (IRCTC), the ticket booking arm of the Indian Railways, is looking to monetise its bank of passenger data while conducting business with private and government companies. IRCTC has a large bank of data related to every online railway ticket ever generated as it is the country's only railway ticketing platform, an IRCTC official told Business Standard. The public sector undertaking, which has sought the services of a consultant to assist with the monetisation process, plans to raise Rs 1,000 crore through this exercise.
The app, named after the German word 'Haptik' that means the same as 'haptic' in English, is available both on the iOS and Android platforms.
Shares of Indian Railway Catering and Tourism Corporation (IRCTC) hit a new high of Rs 4,512 after surging 8 per cent on the BSE in Wednesday's intra-day trade, on the back of heavy volumes, ahead of 1:5 stock split. The trading volumes on the counter more-than-doubled today, with a combined 7.02 million equity shares having changed hands on the NSE and BSE till 11:19 am. In the past one week, the stock of the state-owned travel support services company has rallied 20 per cent after the company on September 29, 2021, said that it has fixed October 29, 2021 as the record date, to ascertain the name of shareholders entitled for subdivision/split of equity shares of Rs 10 each into five (5) equity shares of face value of Rs 2 each.
The Ratlam division of the national transporter is planning to provide head and foot massages to passengers in 39 trains originating from Indore railway
Nearly 90 per cent of the stocks comprising the National Stock Exchange Nifty 500 Index and 49 of the 50 stocks that make up the Nifty50 are trading above their respective 200-day moving averages (DMAs). The 200-DMA is considered one of the most relevant trend indicators by investors and traders. They believe that stocks and indices trading above this key level exhibit strength and are likely to rally, while those trading below this level are viewed as bearish, with the stock/index expected to see a selloff.
In the past 10 trading sessions, shares of the state-owned company have shot up more than 50 per cent.
A total of 1,177 passengers are booked on the New Delhi-Bilaspur special train, which departed at 4 pm, while 1,122 passengers are booked on the New Delhi-Dibrugarh special train that departed at 4:45 pm.
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.
It said it will also allow reservation of reserved tickets from common service centres (CSC) and through ticketing agents with effect from Friday. The zonal railways have been instructed to decide and notify opening of reservation counters as per local needs and conditions, the order stated.
Flyers have to download the IRCTC Android-based mobile app - IRCTC Air - from Google Playstore to book tickets.
The move would help tax authorities get leads on evasion.
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.
Come May 1 and those looking to visit Taj Mahal in Agra and Humayun's Tomb here will be able to book their entry tickets online.
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.
The case pertains to allegations that Lalu Prasad, as railway minister, handed over the maintenance of two hotels run by the IRCTC, a subsidiary of the Indian Railways, in Ranchi and Puri to Sujata Hotels, a company owned by Vinay and Vijay Kochhar, in return for a prime plot of three acres in Patna through a benami company.
Foreigners and NRIs will soon be allowed to book train tickets online for domestic travel in India from abroad using their credit or debit cards.
The Central Bureau of Investigation, which had on April 16 filed the chargesheet in the case, had said that there was enough evidence against the accused.
Shiv Sena Member of Parliament Rajan Vichare is in the centre of a raging controversy after the representative from Maharashtra's Thane constituency was seen force-feeding a Muslim employee of the Indian Railway Catering and Tourism Corporation -- in-charge of handling catering at Maharashtra Sadan in New Delhi.
Companies featuring in the Next 500 list are mostly mid-sized and termed as the 'small wonders' by the magazine.
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The case relates to alleged money laundering in granting the operational contract of two IRCTC hotels to a private firm.
While in a statement issued earlier, the Railways had said that these trains will be fully non-air conditioned, on Wednesday it said that these will have both AC and non-AC classes and fully reserved coaches.
Special Judge Arun Bharadwaj granted relief to Prasad after he was produced before the court through video conference from a Ranchi jail, where he is lodged in another case, as he was unable to come due to health reasons.
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Maharashtra Chief Minister condemned the actions of Shiv Sena's Rajan Vichare and the party saying that his act had tainted the image of the state. Devidas Deshpande reports.
Industry insiders expect Chinese tourists coming to India to double in around two years.
Budget proposals have set four goals to transform Indian Railways.
West Bengal Chief Minister Mamata Banerjee could be staring at troubled times ahead as the Saradha scam trail seemingly leads up to her doorstep.
The launch of this train heralds a new era of high speed rail travel in India.
On Aug 28-31, an average of 1.5 mn e-filed tax returns a day, against IRCTC's daily average bookings of 600,000 & Flipkart's 100,000.
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