Irctc revenue sharing
WebOct 29, 2024 · State-owned IRCTC was asked to share 50 per cent of its revenue that it earned from the convenience fee for Indian Railways bookings. The railway ministry had informed IRCTC that the revenue-sharing plan would be applicable from November 1. IRCTC’s annual report indicated that it earned Rs 299.13 crore from convenience fee … WebOct 28, 2024 · New Delhi: Indian Railways Catering and Tourism Corporation (IRCTC) will share 50 per cent of the revenue from the convenience fee with it, the company said …
Irctc revenue sharing
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WebThey have also proposed to take up the responsibility maintaining the pantry cars subsequent to their up gradation. As this is a capital intensive exercise, IRCTC has proposed a revenue sharing between IR & IRCTC in the ratio 15:85 instead of the present 40:60 stipulated in the Catering Policy 2024. WebOct 29, 2024 · The railway ministry had informed IRCTC that the revenue-sharing plan would be applicable from November 1. IRCTC’s annual report indicated that it earned Rs 299.13 crore from convenience fee during FY21. In the previous financial year, it had earned Rs …
WebOct 28, 2024 · MUMBAI: The Ministry of Railways has through a letter asked Indian Railways Catering and Transportation Corporation to share 50 per cent of the revenue from the … WebOct 29, 2024 · However, nearly two hours after the markets opened and the sharp fall in share prices, the Department of Investment and Public Asset Management said that the Ministry of Railways had decided to withdraw its decision of asking IRCTC’s to share 50 per cent revenue collected from convenience fee.
WebOct 29, 2024 · Sharing started in 2014 in the ratio of 80:20 between IRCTC and the Indian Railways. Monday onwards, half the revenue that accrues to Indian Railway Catering and Tourism Corporation (IRCTC) through the convenience fee on train tickets will go to the Ministry of Railways. Officials in the know told Business Standard IRCTC’s management … WebAug 18, 2024 · IRCTC’s total revenue for FY20 was INR 2353.53 crore with a net profit of INR 528.57 crore. As of 2024, the company’s net assets are valued at US $460 million with total equity being US $ 190 million. 🔍Insights Business Model Revenue model irctc Railway indian railway railway booking booking travel.
WebOct 29, 2024 · IRCTC shares surged 15 per cent to Rs 949.65 on the BSE in intra-day trade on Thursday after the scrip had turned ex-stock split (sub-division of equity shares). IRCTC shares had hit a record...
WebOct 28, 2024 · In FY21, IRCTC earned ₹299 crore from this segment, which is almost 40% of its revenue from operations of ₹783 crore. So far, IRCTC did not share revenues from this segment with the Indian ... having a soothing effect crosswordWebOct 28, 2024 · The new revenue-sharing arrangement would be enforced from November 1, IRCTC said in its filing on October 28. The company is a monopoly in the Indian railways … having a social life after collegeWebApr 1, 2024 · IRCTC will be sharing its revenue with the Government. In a recent development, the Ministry of Railways has ordered the Indian Railway Catering and … having a soothing effect crossword clueWebIRCTC Share Price, Financials and Stock Analysis Indian Railway Catering And Tourism Corporation Ltd. NSE: IRCTC BSE: 542830 SECTOR: Travel Services 1103k 10k 2k 569.85 +3.10 (0.55%) NSE: 06 Apr 4:00 PM Price Summary Today's High ₹ 572.50 Today's Low ₹ 566.75 52 Week High ₹ 809 52 Week Low ₹ 557 FinStar Ownership Stable having a soft heartWebOct 29, 2024 · Ministry of Railways withdraws decision to share revenues of IRCTC; Railway board, IRCTC officials met today The update comes after DIPAM Secretary Tuhin Kanta … having a social life with college and workWebOct 29, 2024 · In a regulatory filing on Thursday, IRCTC informed SEBI that the Railways has said the revenue-sharing arrangement would be enforced from November 1. Convenience fees charged from customers... having a sofa in the kitchenWebOct 29, 2024 · The Indian Railways Catering and Tourism Corporation’s (IRCTC) revenue-sharing arrangement would be enforced from November 1, it said in a regulatory filing on … bosch cdr tool help