Irctc revenue sharing

Author: gtzx

August undefined, 2024

WebOct 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 … WebOct 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 …

Govt asks IRCTC to share convenience fee from ticketing …

WebOct 29, 2024 · It is for the service of online ticket booking offered by the IRCTC. In 2014-15 when the revenue sharing ratio was 20-80, the Railway's online ticketing and catering arm received a majority of the ... WebOct 30, 2024 · The revenue sharing system was later suspended for three years from 2016 The convenience fee mechanism is the highest revenue earner for the IRCTC. In 2024-21, … ct beauty association

Railway Ministry asks IRCTC to restart sharing 50% convenience fee

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 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 … 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 … ct bear

Why did the govt reverse its decision to claim 50% of convenience …

Railway ministry asks IRCTC to share 50% of revenue from convenience fee

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 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. earrings with no backsWebOct 29, 2024 · IRCTC earned Rs 299.13 crore from the convenience fee during 2024-21, according to the annual report. This was the highest revenue earner for IRCTC in 2024-21 … earrings with plastic posts

"WebJul 6, 2024 · Private players to begin rail passenger services by April 2024, will run only 5% of trains: Railways. Private train operations in the country will begin by April 2024, and the ticket fares in ... " - Irctc revenue sharing

Irctc revenue sharing

IRCTC shares sharply recover after Govt scraps order on 50

WebFeb 15, 2024 · IRCTC revenue has surged 70% year on year to Rs 918 crore for Q3FY23. In the year-ago period, the revenue reported by the company was Rs 540 crore. In the September quarter, the revenue was Rs 806 crore, which increased 13% sequentially. The revenue is higher than the brokerage (Prabhudas Lilladher) estimate of Rs 879.10 crore. WebOct 29, 2024 · The Railways has asked its online ticketing arm IRCTC to share 50 per cent of its revenue earned as convenience fee from bookings on its website with the national transporter, an arrangement...

Did you know?

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 … WebDec 4, 2024 · IRCTC Share Price Target for 2027. IRCTC’s highest earning comes from its catering business, which accounts for 55% of its total revenue, online ticket booking accounts for 12.3% of its revenue, which is growing at the rate of 13% every year. 35% of the company’s total revenue comes from its tour package business.

WebOct 29, 2024 · The IRCTC stock, which had closed at Rs 913.75 on Thursday, fell to Rs 650.10 in the first hour of trading. The intra-day swing in the share price of IRCTC wiped … WebOct 29, 2024 · In FY21, IRCTC earned ₹299 crore from this segment, which is almost 40% of its revenue from operations of ₹783 crore. At 11:11 a.m. shares of the company were trading 4% lower at 875.95 per share.

WebJun 25, 2024 · Rail neer: IRCTC on an average sells over 34 million bottles in a month and it forms around 8% of the total revenue for the company. Catering: The catering business …

WebNov 5, 2024 · IRCTC, Railway Ministry discussing new revenue share model where interest of minority shareholders will be protected: Sources Given the sharp market reaction, …

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 … ctbeautyblog cookiesWebOct 29, 2024 · New Delhi, October 29 The Railways has asked its online ticketing arm IRCTC to share 50 per cent of its revenue earned as convenience fee from bookings on its website with the national... earrings with longer studsWebIRCTC asked to restart sharing 50 pc convenience fee with Railway Ministry. 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 generated a sizable revenue for both IRCTC and the Railways. ct beauty jobsWebOct 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 … earrings with pink stonesWebOct 29, 2024 · Earlier on Thursday evening, the Railways had asked IRCTC to share 50 per cent of its revenue earned as convenience fee from bookings on its website with the … earrings with name on themWebOct 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... ct beachfront resortsWebOct 28, 2024 · IRCTC to share 50% revenue from convenience fee with Indian Railways The revenue-sharing arrangement would be enforced from November 1, IRCTC said in a … earrings with pearl back