Sunday, March 3

Tag: IRCTC

IRCTC IPO Jumps 101 pc in debut Trade
Market

IRCTC IPO Jumps 101 pc in debut Trade

Shares of Indian Railway Catering and Tourism Corporation (IRCTC) zoomed over 101 percent in debut trade on Monday against its issue price of Rs 320. It listed at Rs 644, reflecting a huge jump of 101.25 percent as compared to the issue price on the BSE. On the NSE, it skyrocketed 95.62 percent to Rs 626 in opening trade. The company's market valuation stood at Rs 10,972 crore in the morning trade. The initial public offering of IRCTC was a huge hit among investors, subscribed 111.91 times earlier this month. The Rs 645-crore IPO was in a price range of Rs 315-320 per share. IRCTC is the only entity authorized by Indian Railways to provide catering services to railways, online railway tickets and packaged drinking water at railway stations and trains in India.
Railyatri Operations are Unauthorised: Delhi HC
INDIA

Railyatri Operations are Unauthorised: Delhi HC

The Delhi High Court today dismissed the writ petitions filed by Stelling Technologies, which owns and manages the online train ticket booking portal 'railyatri.in' providing service related to rail journeys. The Indian Railway Catering and Tourism Corporation(IRCTC) had cracked whip on the Retail Service Providers(RSP) who were associated with RailYatri by deactivating their access credentials to the IRCTC site. According to the IRCTC, the services by RailYatri were unauthorized, and the RSPs, by associating with it, had violated their contractual terms with IRCTC. The IRCTC said that it is the only entity authorized by the Ministry of Railways to supply e-tickets, and that RSPs are delegated agents of the IRCTC, who cannot enter into further transactions with third-party enti...
PhonePe Introduces IRCTC Micro-app on its Platform
BUSINESS

PhonePe Introduces IRCTC Micro-app on its Platform

PhonePe, a Flipkart-owned digital payments platform will now offer an IRCTC micro-app on its platform. The company has partnered with Indian Railway Catering and Tourism Corporation (IRCTC) to carry forward with this process. This development has come three months after PhonePe struck a partnership with IRCTC to facilitate digital payments on the IRCTC Rail connect Android app. With this, the micro-app will now allow users to book their train tickets directly through the PhonePe App. "We are continuously evolving and innovating towards building a hassle-free ecosystem for our 100 million users and the association with IRCTC is another step in that direction. Our aim is to create a unified login and payments experience across all important consumer use cases especially in the space o...
PhonePe Teams Up with IRCTC to Facilitate Digital Payments
News

PhonePe Teams Up with IRCTC to Facilitate Digital Payments

The emerging digital payments player PhonePe which is owned by Flipkart announced that it has teamed up with Indian Railway Catering and Tourism Corporation (IRCTC) to make digital payments easier and smoother through PhonePe on the IRCTC Rail connect Android app. This partnership will ensure the ease of payment with the help of PhonePe as a payment option on the IRCTC Rail connects Android app for their travel bookings. At present, the PhonePe app has options for payments through UPI, credit & debit cards and its own wallet. "We are extremely delighted to partner with IRCTC which has been a trusted platform for India's travel bookings. Through this partnership, we aim to boost digital payments across India. PhonePe offers IRCTC users the choice of using UPI along with all the othe...
Now Check PNR And Live Train Status Via WhatsApp
News

Now Check PNR And Live Train Status Via WhatsApp

Good News! Now the passengers can check their train and live train status online via WhatsApp. Appreciation to Indian Railways, the passengers can check the train running status through WhatsApp, and make provisions beforehand. Indian Railways have come to terms with MakeMyTrip, a travel company headquartered in Gurugram, Haryana, to let the users check online train status using WhatsApp. MakeMyTrip has a WhatsApp feature which provides passengers with information on live train status, PNR status, emerging railway station, departed railway station etc. Considering the popularity and massive user base of WhatsApp, the messaging app owned by Facebook is likely to cater its railway services to a large number of people across the country. Also, the feature reduces passenger’s dependence ...
IRCTC to Launch its Own Payement Gateway Soon
INDIA

IRCTC to Launch its Own Payement Gateway Soon

Indian Railway Catering and Tourism Corp. (IRCTC), a subsidiary of Indian Railways is all set to launch its very own payment gateway service targeted at gaining more revenue and reducing its dependency on third-party payment service providers, as reported by two people involved in the matter. IRCTC, which currently is the largest consumer internet firm in terms of revenue and sells about 1.2 million tickets a month, is soon heading with its own payment gateway which is being called "i-pay" internally, as confirmed from people who spoke on the promise of anonymity. "I-pay" is ongoing its testing phase and will be rolled out soon to add to the list of many payment gateways that currently facilitate online transactions on its platform. Once successfully launched, IRCTC in-house payment ...
You Can Now Book An Ola Cab From IRCTC’s Website!
News

You Can Now Book An Ola Cab From IRCTC’s Website!

The IRCTC-Ola collaboration will give customers the chance to book an Ola ride whenever they visit the IRCTC Rail Connect App or the website.   The Ola-IRCTC Partnership The railway Public Sector Undertaking (PSU) and Indian Railway Catering and Tourism Corporation (IRCTC) announced on Monday they were tying up with Ola, the cab aggregator, in a bid to provide railway travelers the opportunity of booking a taxi before and after their train travel. This initiative comes as the IRCTC wishes to provide connectivity from the moment their train commuters leave their house up until their final destination. The collaboration will be a six months trial destined to give customers access to Ola booking services whenever they use the IRCTC Rail Connect App or the website, according t...
IRCTC Offers mVisa Payment Solution For Travellers
INDIA

IRCTC Offers mVisa Payment Solution For Travellers

Rail travellers can now book tickets by mVisa payment method which allows them to scan a quick response (QR) code and pay through smartphones. Users can securely link their visa debit, credit or prepaid account to the mVisa application on their smartphones and make their travel bookings by simply scanning their mVisa QR code on the Indian Railway Catering and Tourism Corporation website. IRCTC, a subsidiary of the Indian Railways, is offering a promotion offer until September 4 that will give Rs 50 cashback to consumers booking their tickets through mVisa scan and pay on the IRCTC website. "The key to our success as Indias largest e-commerce organisation has been our ability to embrace new technologies that help us drive consumer engagement across our platform," IRCTC CMD AK Manoc...
Indian Railway Started Delivery of Train Tickets at Doorstep
INDIA

Indian Railway Started Delivery of Train Tickets at Doorstep

IRCTC has offered delivery of rail tickets allowing passengers to make payment through any payment mode, including cash. Broad-basing the customer service, the Indian Railway Catering and Tourism Corporation has now introduced pay-on- delivery service allowing passengers to book train tickets online and pay at the time of delivery. IRCTC through its website and mobile app has now introduced pay-on-delivery as one of the payment options for its customers, said a senior IRCTC official. Delivering tickets at the consumers doorstep by offering the pay-on-delivery (PoD) option will facilitate those consumers who book through travel agents to move to online medium. It will also encourage people who book at railway reservation counters to move to online medium as there is a cost and e...
Soon, Aadhaar Will Be Mandatory For Booking Indian Train Tickets Online
INDIA

Soon, Aadhaar Will Be Mandatory For Booking Indian Train Tickets Online

The Railways will soon move towards Aadhaar-based online ticketing system to prevent touts from blocking a bulk of tickets, end fraudulent bookings and curb cases of impersonation. Aadhaar number has been made mandatory for senior citizens to avail concessions in train tickets from April 1. A three-month trial run for this is going on. As per the new business plan 2017-18, unveiled by Railway Minister Suresh Prabhu today, besides the Aadhaar-based ticketing system, the Railways will move towards cashless ticketing system by installing 6,000 point-of-sale machines and 1,000 automatic ticket vending machines across the country. An integrated ticketing app will also be launched by May to promote cashless transaction. "Aadhaar number will be required for one-time registration at the I...
Railway & Its Travel Insurance- 75 Percent Success Rate
BLOGS

Railway & Its Travel Insurance- 75 Percent Success Rate

As compared to life insurance and health insurance, there are limited buyers for travel insurance. As per a recent report by the Insurance Regulatory and Development Authority of India (IRDAI), in the fiscal year 2014-15, only 1.4 million domestic travel insurance plans were issued in India. Travel Insurance is often neglected by people! But its significance is only realized after mishaps like train accidents, flight accidents happen. But why do most people wait for something wrong to happen and then realize that they should have taken the travel insurance cover? As discussed above, often people don’t buy travel cover. And the ones, who buy travel insurance, don’t buy adequate coverage. They cover themselves for matters pertaining to baggage loss and flight/train delays.   Insu...