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
The application for the agreed refund of the balance amount of cancellation charge so deducted can be made through the post in the prescribed format (enclosed) within six months of the scheduled date
Passengers can make advance reservations seven days earlier from the normal four months before the date of journey. On cancellation, only 50 per cent of the fare would be refunded
Railways starts site 2 hours later but denies it crashed
All that happened in the markets today
Analysts believe the resumption of passenger train services is like a sentimental boost from the government and can give a short-term bounce to the stocks, an extension of lockdown may dent sentiment
In South Korea, more than 2,100 nightclubs, hostess bars and discos have been shut down in Seoul after the discovery of dozens of infections linked to a popular entertainment district
Indian Railways will resume train bookings through IRCTC from today. Know about train route, states, ticket fare, booking details, coronavirus lockdown rules, and more
Booking for reservation in these trains will start at 4 pm on May 11 and will be available only on the IRCTC website.
Around 50 companies including the likes of Maruti Suzuki, Nestle, Dr Reddy's Labs, Biocon, and Bandhan Bank are scheduled to announce their March quarter results.
Initially 15 set of trains will be started and online bookings for these will begin from 4 pm on Monday