Page 2 - Irctc

IRCTC offer for sale oversubscribed, but stock declines more than 6%

Investors fear supply overhang; Centre has now reduced stake in firm by 25% in 3 years

Govt's share sale in IRCTC over-subscribed, investors bid for Rs 3,800 cr

The sale of government's up to 5 per cent stake in IRCTC got over-subscribed on the first day of the offer, with institutional investors putting in bids worth Rs 3,800 crore. In the two-day offer-for-sale (OFS), the government is selling 4 crore shares or 5 per cent stake in Indian Railway Catering and Tourism Corporation (IRCTC) at a floor price of Rs 680 a share. The OFS consists of base issue size of 2 crore shares or 2.5 per cent stake, with an option to retain over-subscription of similar amount. As much as 10 per cent of the issue is reserved for retail investors, for whom bidding would open on Friday. On Thursday, bids for over 5.55 crore shares, representing 3.08 times the base issue size of 1.80 crore shares were put in by institutional investors. Calculated on the basis of the floor price, the bids would be valued at about Rs 3,800 crore. Shares of IRCTC settled at Rs 689.20 apiece, down 6.19 per cent over the previous close on the BSE. During the day, the scrip touched

Trading strategies in IRCTC, other rail-related stocks amid stake sale buzz

IRCTC has consistently faced resistance around the Rs 800-mark; break below Rs 660 can further weaken the stock, chart indicates.

IRCTC dips 5% after government sets OFS floor price at steep discount

The floor price for the OFS was set at Rs 680, a 7.4 per cent discount to Wednesday's closing price of Rs 734.70.

Centre to sell up to 5% stake in IRCTC via OFS to garner Rs 2,720 crore

Floor price fixed at Rs 680/share, an over 7% discount to Wednesday closing price

IRCTC received over 5,000 food-related complaints in past 7 months: Govt

The IRCTC has received more than 5,000 complaints related to quality of food in trains in the past seven months, Railway Minister Ashwini Vaishnaw said on Wednesday. Replying to a query in Lok Sabha, Vaishnaw said between April 1, 2022, and October 31, 2022, the Indian Railway Catering and Tourism Corporation received a total of 5,869 complaints of food quality in trains. "On receipt of any complaint of food quality, appropriate action, including penalty, is taken against the service provider of IRCTC. "It is the continuous endeavour of Indian Railways to provide good quality and hygienic food to passengers as per norms and standards prescribed by the Food Safety and Standards Authority of India (FSSAI)," the minister said. He also informed that the 'Optional Catering Service' has been introduced in all premium trains (Rajdhani, Shatabdi, Duronto, Gatiman, Tejas, Vande Bharat) with effect from September 2019. "In this scheme, passengers are being provided with the option, at the

RVNL, Rites, IRCTC: Rail-related stocks on fast track, can rally up to 16%

So far in 2022, Titagarh Wagons and Rail Vikas Nigam have zoomed 87 per cent and 80 per cent, respectively. Texmaco Rail and Rites too logged smart gains. IRCTC is the sole underperformer.

IRCTC allowed to customise menu for diabetics, infants, health aficionados

The Railway Board has given its catering and tourism arm IRCTC the flexibility to customise its menu to include local and regional cuisines as well as food suitable for diabetics, infants and health aficionados. According to a note sent by the Railway Board to the Indian Railway Catering and Tourism Corporation (IRCTC), the move is aimed at improving catering services on trains and give passengers more options. "As a measure to improve catering services on trains, it has been decided to give IRCTC the flexibility to customize the menu so as to include items of regional cuisines/preferences, seasonal delicacies, requirement during festivals, food items as per the preferences of different group of passengers such as diabetic food, baby food, health food options, including millet-based local products among others," the note said. At present, the IRCTC has to get the menus, comprising mostly of standardised food items and beverages, approved by the Railway Board before it can introduce

Stocks to Watch: Fusion MicroFinance, Srei, IRCTC, Apollo Tyres, LTI, Paytm

Stocks to Watch Today: Fusion MicroFinance set for its market debut today. Meanwhile, in the F&O segment, BHEL, GNFC, PNB and Sun TV Network are ban period on Tuesday.

IRCTC, Zomato, Infosys: Is investors' love for digital India over?

Some of the other 'digital / new-age' companies debuted at a steep valuation compared to the traditional technology firms. The rally fizzled out as they failed to make a decent profit

IRCTC Q2 PAT up 43% YoY to Rs 226 crore, revenue from operation rises 99%

Total income of IRCTC grew 97.55% to Rs 831.79 crore from Rs 421.05 crore YoY

Sensex falls 171 pts, Nifty holds 18,300; Dr.Reddy's down 4%, LIC jumps 6%

CLOSING BELL: The key benchmark indices gyrated in a narrow trading band on Monday, before settling with losses as FMCG stocks slipped.

After wheat, iron ore, Railways raises wagon registration fee for all goods

Moreover, the charge for booking an entire rake, or goods train, has been revised to Rs 1,00,000 from the earlier Rs 50,000

Railways to shut down COFMOW on Dec 1, seeks to trim undertakings

Unit for railway workshops being closed as part of finance ministry recommendation on 'rationalization of government bodies'

IRCTC scam case: Delhi court refuses to cancel bail of Tejashwi Yadav

A Delhi court on Tuesday refused to cancel the bail granted to Bihar Deputy Chief Minister Tejashwi Yadav on a plea by the CBI in the IRCTC scam, saying it did not find any specific ground to order cancellation of the relief. Special Judge Geetanjali Goel, while declining the CBI's petition, asked the young RJD leader to be careful with words and use them appropriately. In its petition, the CBI had claimed Yadav, at a recent press conference, attempted to subvert the process of law and thwart the entire investigation as well as the consequent trial, and blatantly abused the liberty granted to him. It alleged Yadav issued "direct threat" to CBI officers and their families and "indirect threat" to witnesses. The central probe agency accused Yadav of having attempted to "portray the CBI in bad light and under the influence of political parties" by using innuendoes such as "Jamai" (son-in- law) of a political party. "You are on very responsible post. It is not right to use such words

Train cancelled? Know IRCTC rules to check status, get ticket refund

Sometimes, your train, which has a confirmed reservation, gets cancelled by the Indian Railways for some reason

Govt gets Rs 1,203-cr dividend from 5 CPSEs, including SAIL, IRCTC

The government has received Rs 1,203 crore as dividend tranches from five CPSEs, including SAIL, HUDCO and IRCTC.

North Western Railway to get five 'Vande Bharat' trains next year: Official

A railways official said on Thursday five 'Vande Bharat' trains have been allotted to the North Western Railway and they will arrive by September 2023. Captain Shashi Kiran, Chief Public Relations Officer, North Western Railway, said, "North Western Railway has been allotted five Vande Bharat trains which will reach North Western Railway by September 2023." He said the routes of these trains have not been finalised yet. Kiran said electrification and double-track works of some routes have been completed and as a result there has been a partial change in timings of trains. The arrival/departure of trains at different stations as per the new time table will be applicable from October 1, he told reporters at the North Western Railway headquarters here. Responding to a question on electrification of railway tracks, Kiran said the target of completion of electrification work on North Western Railway is by December 2023. Till now, work has been completed on 2,900-route kilometers, which

Bihar Dy CM Tejashwi Yadav asked to appear before court in IRCTC scam case

A Delhi court on Wednesday directed Bihar Deputy Chief Minister and RJD leader Tejashwi Yadav to personally appear before it on the CBI's plea seeking cancellation of his bail in the Indian Railway Catering and Tourism Corporation (IRCTC) scam. Granting time to Yadav's counsel to file response, Special Judge (CBI) Geetanjali Goel directed personal appearance of the RJD leader on October 18. Earlier on September 17, the court had issued a notice to Yadav on the application moved by the probe agency and sought his reply. The court had in October 2018 granted bail to Yadav after he appeared before it in pursuance to summons issued against him in the matter related to alleged irregularities in granting operational contract of two IRCTC hotels to a private firm.

Railways explores direct leap to 5G to revive outdated train safety systems

Kavach tender expected in two months after the proposal is fine-tuned by the Indian Railways