IRCTC shareholding: MFs’ stake falls below 1%, FPIs sell 2.2% holding

Institutional investors led by domestic mutual funds (MFs) and foreign portfolio investors (FPIs) further reduced their stake in Indian Railway Catering and Tourism Corporation (IRCTC) ahead of stock split. According to shareholding pattern dated November 5, 2021, filed by IRCTC on Wednesday, November 17, 2021, MFs’ holding in the state-owned travel support services company fell […]

Passengers safe as 7 coaches of Bengaluru-bound train derail in Tamil Nadu

Seven coaches of a Bengaluru-bound train derailed near Dharmapuri in Tamil Nadu on Friday after boulders fell on it but all the 2,000-odd passengers were safe and nobody was injured in the incident, the Southern Railway said here. The Kannur-Bengaluru Express had left from the former, in Kerala, at 6.05 PM on Thursday. “On date […]

Railways to revert to pre-Covid regular services, stop special trains

Providing a much needed relief to the commuters, the Railways has decided to discontinue special trains and revert to the pre-Covid regular services. With the decision coming into effect, trains will run with their usual names, numbers and fares. According to a circular issued by the Railway Board on Friday, trains will be operated with […]

Habibganj railway station renamed after Gond queen Rani Kamlapati: MP CM

The “most modern” Habibganj railway station in Bhopal has been renamed after Gond queen Rani Kamlapati, Madhya Pradesh Chief Minister Shivraj Singh Chouhan said on Saturday and thanked Prime Minister Narendra Modi for this decision. Chouhan hailed Rani Kamlapati as the pride of the Gond community and the last Hindu queen of Bhopal, whose kingdom […]

Railways to be highly profitable in coming 5-6 years: Ashwini Vaishnaw

Railways will be “highly profitable” in coming 5-6 years with its ongoing transformative initiatives, Railway Minister Ashwini Vaishnaw said on Thursday. The minister exuded confidence that the Railways will have a “superb” business proposition in coming years. “With Prime Minister (Narendra Modi)’s vision, the transformation that is taking place and those that are expected to […]

IRCTC plans Shri Ramayana Yatra train tours to promote religious tourism

To promote religious tourism, the IRCTC has planned a series of Shri Ramayana Yatra Tours, which will mark a gradual resumption of domestic tourism by trains in view of the improved COVID-19 situation. One such tour will begin from November 7, the Indian Railway Catering and Tourism Corporation (IRCTC) said on Saturday. “IRCTC has planned […]

What govt U-Turn on IRCTC means for minority shareholders in other PSUs

Indian Railway Catering and Tourism Corporation, or IRCTC, charges a convenience fee of Rs 15+GST for bookings in non-AC coaches and 30+GST for reservations in AC ones when someone books the ticket online. On Thursday evening last week, the government announced it would take 50% of the total convenience fees collected. The next morning, the […]