What will a listed IRCTC look like?
Posted on 6th February 2017 |
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Mumbai: Finance minister Arun Jaitley announced in the budget last week that the Indian Railway Catering and Tourism Corp. Ltd (IRCTC) will list along with other government-owned railways enterprises soon. So how will a listed, profitable IRCTC with a Rs1,500 crore turnover stack up against its listed peers? Jaitley also announced that the government will waive off service charge on tickets booked through IRCTC (which is Rs20 or Rs40 at present, depending on the ticket category). |
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Finance Ministry floats Cabinet draft proposing IRCTC, other two rail PSUs listing
Posted on 3rd February 2017 |
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The Ministry of Finance is learned to have issued a draft Cabinet note proposing disinvestment of equity stake in three railway PSUs (public sector undertakings) IRCTC, Ircon and IRFC, ET Now reported quoting a wire agency which cited an unidentified ministry official. The government seeks to disinvest 10% equity stake each in the three state-run railway companies via an IPO (initial public offer) in the next financial year 2017-18, the news report said. |
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Union Budget 2017: Arun Jaitley says IRCTC, other railway PSUs to be listed
Posted on 1st February 2017 |
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New Delhi: Government will move ahead with the listing of the railway public sector undertakings (PSUs)—Indian Railway Catering and Tourism Corp. (IRCTC), Indian Railway Construction Co. Ltd (IRCON) and Indian Railway Finance Corp. Ltd (IRFC)—and come out with a procedure for a time-bound listing of central public sector enterprise (CPSEs). In his Budget speech on Wednesday, finance minister Arun Jaitley said the government will look at consolidation option for PSUs and a new CPSE exchange traded fund (ETF) in 2017-18. |
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Mobikwik partners with IRCTC for tatkal booking payments
Posted on 3rd November 2016 |
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Payments company Mobikwik has partnered with Indian Railway Catering and Tourism Corporation (IRCTC), a subsidiary of the Indian Railways, to make e-payments for taktal bookings easier and faster. A statement from Mobikwik said, "Instantaneous payments with MobiKwik will help tatkal online in managing the load of over a thousand ticket bookings per minute. The service will also help users to ensure that their bookings don't get rejected due to payment delays. |
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IRCTC signs MoU with RITES for railway station development works
Posted on 20th October 2016 |
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Government-owned infrastructure consultancy RITES Ltd will provide its services to the Indian Railways Catering and Tourism Corporation (IRCTC) for projects to upgrade railway stations and allied facilities. The IRCTC has signed a Memorandum of Understanding (MoU) with RITES which will undertake design and detailed engineering for the projects in addition to managing the bid process for selection of agencies that will carry out the construction work. |
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IRCTC plans insurance cover for mobiles, laptops
Posted on 7th October 2016 |
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He said, “I am trying hard to push companies to give insurance cover in instances of theft as well. So far, they have expressed their willingness to offer it only in cases of mishaps.” The proposal follows the success of the travel insurance scheme launched by IRCTC last month. Already over one crore passengers have opted for it. |
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IRCTC's Rail Neer water sees 46% rise in income
Posted on 1st October 2016 |
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The Indian Railway Catering and Tourism Corporation's (IRCTC) ambitious plans to make its packaged drinking water brand Rail Neer as one of the dominant players on Indian Railways seems to have paid off. The 17th annual general report of IRCTC, presented at the company's general meeting held on Tuesday highlighted a 46% rise income from Rail Neer for IRCTC. |
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Railways launches Yatri Mitra Sewa for elderly, differently-abled
Posted on 19th September 2016 |
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NEW DELHI: In a move to make rail travel comfortable for elderly, differently-abled and ailing travelers, Railways has launched 'Yatri Mitra Sewa' to facilitate access to wheelchairs, battery operated cars and porter services. 'Yatri Mitra' or 'Passenger Friend' can be a "Sahayak (assistant)" or any other person nominated for the purpose. |
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Paytm is now powering IRCTC's payment gateway
Posted on 16th September 2016 |
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India's largest mobile payment and commerce platform, Paytm has emerged as the most credible and convenient payment option on the IRCTC platform. The Paytm Wallet is already accepted on the IRCTC platform and this native integration of Paytm's payment gateway to IRCTC's app is a showcase of its trust in Paytm's technology. |
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Government wants Railways, banks to cut transaction cost on cards
Posted on 23rd August 2016 |
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NEW DELHI: After Air India, the government now wants the Railways to lower transaction charge for online reservations and is also urging banks to cut charges as it seeks to reduce the usage of cash and promote use of plastic money. Reducing the use of cash has been identified as a key priority of the government as it seeks to put curbs on black money. Several steps have already been initiated, which were expected to be in place during the coming weeks. |
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