IndiaCatalog.com
India News
Search Web Directory
The Indian Railway Catering and Tourism Corporation Limited (IRCTC) Related news
Banks, IRCTC lock horns over payment gateway policy
Posted on 1st May 2017
Mumbai: Banks have locked horns with IRCTC, the ticketing arm of Indian Railways after it started demanding that they put up hefty security deposits and share half of their transaction fees with it if they want to be on its rail booking website.

Under its new policy, Indian Railway Catering and Tourism Corp. Ltd (IRCTC) wants new banks wishing to integrate with it for payment gateways to put up Rs20 lakh as a security deposit, while those already present must pay Rs10 lakh.


Demonetisation boost to digital payments may derail IRCTC IPO
Posted on 12th April 2017
Withdrawal of service charges on rail ticketing, while helping promote digital transactions after demonetisation, may derail the proposed listing of Indian Railway Catering and Tourism Corporation (IRCTC) in the current financial year, sources told FE. However, sources said, preparation for listing of two other railway PSUs —Indian Railway Finance Corporation (IRFC) and IRCON — are well on course and their IPOs are expected to hit the market by September.

Indian Railways marginally misses FY17 revenue target as passenger segment yields Rs 1,000 cr less, but upbeat about FY18
Posted on 8th April 2017
Indian Railways has missed its revenue targets — albeit marginally — for FY17, with th heavily-subsidised passenger segment yielding `1,000 crore less than the revised estimate announced in the Budget. Officials are, however, upbeat about a robust increase in the transporter’s revenue in the new financial year as both its passenger and freight traffic have lately started looking up.

Govt likely to divest up to 25% in IRCTC, IRFC and IRCON
Posted on 21st March 2017
Three days after setting stiff time-bound targets for listing of profitable central PSUs, the government on Monday initiated steps to divest up to 25% in the initial public offerings (IPOs) of three railways undertakings — IRCTC, IRFC and IRCON.

The department of investment and public asset management (DIPAM) has invited applications from merchant bankers to manage the IPOs in 2017-18. Though DIPAM did not specify how much stake the Centre would dilute in these IPOs, sources told FE that it could be up to 25% each depending on valuations.


Railways unveils new policy to address food quality concerns
Posted on 28th February 2017
New Delhi: Railway minister Suresh Prabhu on Monday unveiled a new catering policy that holds Indian Railways’ catering unit responsible for a range of services and directs it to submit a business plan within a specified time frame, prescribing a penalty in case it fails to meet the deadline.

Under the Indian Railways Catering Policy 2017, the food production and distribution functions have been separated in an attempt to ensure that healthy and hygienic food is served on trains and railway platforms, following regular complaints against food quality.


IRCTC, Ircon, IRFC listing process kickstarted as merchant banker bids invited for IPO
Posted on 20th February 2017
The government has kickstarted the process of listing three rail PSUs IRCTC, Ircon and IRFC by seeking initial bids from merchant bankers for their respective IPOs (initial public offer) in just less than three weeks of Finance Minister Arun Jaitley’s announcement regarding the disinvestment of these companies. The government has sought expression of interest (EoI) from merchant bankers by March 16 for managing the IPOs.

Indian Railways Dedicated Freight Corridor: First portion to be operational by 2018
Posted on 14th February 2017
The first portion of the railways’ long-awaited dedicated freight corridor (DFC) will become operational by March 2018 between Ateli and Phulera. This will be a 190-km double track route — a total of 380-km track length — on the Western DFC, and the Dedicated Freight Corridor Corporation of India (DFCCIL) has already committed this to the railway ministry.

In addition, around 500-600 km of additional track length will be operational by financial year 2018-19, according to a DFCCIL official. The official, however, did not name the regions as they are still to be committed to the railway ministry.


What will a listed IRCTC look like?
Posted on 6th February 2017
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).


Finance Ministry floats Cabinet draft proposing IRCTC, other two rail PSUs listing
Posted on 3rd February 2017
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.


Union Budget 2017: Arun Jaitley says IRCTC, other railway PSUs to be listed
Posted on 1st February 2017
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.


» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Most Read News

Apollo Hospitals’ profit focus is key to retaining investor interest

Sensex jumps over 200 points; Nifty nears 11,100

Akshay Kumar 4th on Forbes highest-paid actors list, Dwayne Johnson on top

Rupee rises 9 paise to 71.05 vs $ in early trade

Make in India is yet to create enough jobs, says L&T chairman

More India News

  India Web Directory
Business Profiles
Automotive Directory
IT/ITES/BPO Directory
Hotel Directory
Health Directory
Business Directory
Gems & Jewellery
Education Directory
Real Estate Directory
Agriculture Directory
Logistics Directory
Yellow Pages
NRI Guide
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Order Premium Listings
Submit a Site
Business Reviews
Home
About us
Link to us
Advertise
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory
    © 1999 - 2019 IndiaCatalog.com
    All Rights Reserved
Privacy Statement