Irctc revenue sharing

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August undefined, 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 … 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, …

IRCTC Ordered To Share Revenues With Govt; Will It …

WebOct 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 … Web4,131 Likes, 11 Comments - Business Insider India (@businessinsiderin) on Instagram: "The Indian government has reportedly withdrawn its decision of asking 50% of ... how many bits are in 200

Business Insider India on Instagram: "The Indian government has ...

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 · 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 … WebIRCTC has an Inventory turnover ratio of 259.806390522729 which shows that the management is efficient in relation to its Inventory and working capital management. … how many bits and bytes

How does IRCTC make money Business Insider India

Govt asks IRCTC to share 50% of revenue 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 … 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. how many bits are in 10 bytesWebOct 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 … high potassium reading in blood test

"WebOct 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... " - Irctc revenue sharing

Irctc revenue sharing

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. WebNov 1, 2024 · “If the IRCTC share 50% revenue with the railways then the net impact of it on IRCTC earnings would be ~23-25%. Also, one of the biggest risks for IRCTC is that the government controls the fees charged by it to the public and has the authority to change it which could lead to its resultant impact on IRCTC financials,” he said.

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WebOct 29, 2024 · Indian Railway Catering and Transportation Corporation ( IRCTC ), owned 67 per cent by the government, announced on Thursday that it has received a letter from the Ministry of Railway mandating it to share … WebOct 30, 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 Tourism Corporation (IRCTC) to share 50% of the ...

WebOct 29, 2024 · In the financial year 2014-15, when the revenue sharing was 20-80, the catering arm of Indian Railways received majority of the revenue of Rs 253 crore. The following year, the revenue generated ... WebOct 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 …

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 … WebApr 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 …

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 ...

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 Published by Abinaya Arangarajan how many bits are in 24 megabytesWebIRCTC 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 how many bits are in 2 megabytesWebOct 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... high potassium protein powderWebThe iPAY revenue was ₹ 27 crore of which IRCTC’s share is ₹ 10.7 crore. 4. The bus ticketing revenue was Rs4.51 crore of which IRCTC’s commission and convenience fee stood at ₹ 32 lakh. how many bits are in 1 bitcoinWebOct 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 … how many bits are in 2mbWebOct 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 ... high potassium primary careWebOct 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, … how many bits are in 3mb