As per media reports, the government is planning to sell 15-20 per cent in IRCTC via offer for sale.
45 stocks under watch after reports of unauthorized trading tips being exchanged on messaging platforms
As many as 10 trade unions on Tuesday condemned the government's proposal to privatise more airports and stake sale in Indian Railways Catering and Tourism Corporation (IRCTC)
Govt holds 87.40 per cent stake in IRCTC and has to lower its stake to 75 per cent, according to regulator guidelines
According to media reports, the government is looking to sell 5% stake in HAL, while quantum of stake sale for IRCTC will be decided later
The IRCTC has partnered with an NGO in Mumbai for distribution of ready-to-eat meal to the poor and needy in the city amid the COVID-19 pandemic, a statement from the Railway PSU said Tuesday. The Indian Railway Catering & Tourism Corporation Limited (IRCTC) said it has partnered with the Robin Hood Army (RHA) NGO and Aloo Kanda Poha' will be delivered through Uber Logistic Network. "The IRCTC has been among the front runners in distribution of free meals during the countrywide lockdown imposed due to COVID-19 and has served the affected fellow citizens by distribution of more than 21 lakh community meals and more than 1.8 crore meals to the migrant laborers travelling in Shramik Special Trains," the IRCTC said. The company plans to distribute similar meals in other cities also in association with NGOs.
All that happened in the markets today
Two travel service providers OLA and IRCTC have come out with new plans in the health and accident insurance spaces
SBI Card and IRCTC launched a co-branded card on RuPay platform for secure and fast transactions
The private entities for the projected will be selected through a two-stage competitive bidding process comprising Request for Qualification (RFQ) and Request for Proposal (RFP)
Resumption of passenger trains key challenge
All that happened in the markets today
The June quarter results of TCS will be a major focus for the Indian markets today which is also likely to decide how the rest of the IT space trades throughout the session
With the launch of private trains, many Dalits feel an important mobilisation tool will be lost to them forever.
At 7:10 AM, SGX Nifty was trading more than 50 points higher at around 10,630 levels, indicating a higher opening for the Sensex and Nifty today
Rail-related stocks are back in focus after Indian Railway said that India is likely to see its first privately operated train running by April 2023
Move to see investment of around Rs 30,000 crore
Days after issuing an order asking its zonal offices to terminate services of over 500 contractual hospitality supervisors, IRCTC has now decided to keep the order in abeyance till further notice.
Besides, IRCTC is set to report its March quarter earnings later in the day. According to analysts at Spark Capital, the company's profit may dip 35% QoQ to Rs 133.5 crore for the quarter under review
A full refund will be given to all passengers whose tickets have been cancelled