Tag: train

New Covid-19 strain effect:Sensex sinks 1,407 points

Monday, December 21, 2020
Investors on Dalal Street witnessed wealth erosion of over Rs 7 lakh crore today(21st December 2020) as market participants preferred to book profits, amid weak global cues and concerns over a new strain of the virus leading to fresh restrictions in European countries. The market capitalisation of BSE-listed firms tanked to Rs 178 lakh crore from Rs 185 lakh crore on Friday From the day's high, the Sensex index dropped 2,133 points and logged it's sharpest intra-day fall since April 2020. The Nifty index, on the other hand, lost 646 points from the day's high. Read more

India suspends flights from UK Amid Concern Over Virus Strain

Monday, December 21, 2020
The government of India has suspended all flights from and to the UK from Tuesday midnight till December 31, in view of the rising spread of a new Covid strain there. The announcement follows the discovery of a new strain of COVID-19 in the UK, leading to several nations restricting flight services to Britain. The statement came after Delhi Chief Minister Arvind Kejriwal urged the Centre to ban all flights from the UK "immediately" to contain the spread of the virus in the country. India joins a growing list of countries who have already announced restrictions on travel to the UK. These countries include Ireland, Germany, France, Italy, the Netherlands and Belgium.

IRCTC shares gains 8 per cent on additional special trains and after reports government may sell 15-20% stake

Tuesday, September 8, 2020
Shares of Indian Railway Catering and Tourism Corporation (IRCTC) gained 3 per cent to Rs 1,460 on the BSE on Tuesday, rising 7 % in the past two trading days on the operation of additional special trains with effect from Saturday, September 12. and also after media reports indicated that the government is planning to sell 15-20 per cent of its stake in the company via offer for sale (OFS). The stock hit a 52-week high of Rs 1,995 apiece in February this year since then the stock has corrected nearly 27 per cent. “Indian Railways to run additional 40 pairs of more special trains in addition to the Shramik specials and the special trains, w.e.f. 12th September 2020. These will be fully reserved trains. Tickets can be booked from 10th September 2020,” Ministry of Railways said.IRCTC reported a 79.3 per cent jump in net profit from a year ago. The company reported a net profit of Rs 150.6 crore, compared with Rs 84 crore a year ago. Read more

IRCTC gains 5% as online booking for passenger train starts at 4PM today

Monday, May 11, 2020
Shares of Indian Railway Catering & Tourism Corporation (IRCTC) were locked in 5 per cent upper circuit at Rs 1,302.85 apiece on May 11 as the online booking for passenger train operations started at 4 pm today and will be available only on the IRCTC website. Ticket booking counters at railway stations will remain closed and no counter tickets (including platform tickets) will be issued. Indian Railways will gradually resume operations of passenger trains from May 12, initially, with 15 pairs of trains (30 return journeys), the government has said on Sunday. These trains will be run as special trains from New Delhi station connecting Dibrugarh, Agartala, Howrah, Patna, Bilaspur, Ranchi, Bhubaneswar, Secunderabad, Bengaluru, Chennai, Trivandrum. The stock corrected 58 per cent in the past month from its high seen in February due to COVID-19 crisis but rallied 60 per cent from its closing low of March. There were pending buy orders of 134,304 shares, with no sellers available today.