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IRCTC share price falls 20 per cent after railway ministry withdraws convenience fee

IRCTC filed a regulatory filing on Thursday, in which they informed SEBI that the railways have said that the revenue-sharing arrangement would be enforced from November 1.

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Indian Railway

The Indian Railway Catering and Tourism Corp (IRCTC) share price has fallen by as much as 20 per cent and due to that, there is an intraday low of Rs 650.10 on the BSE. It is being said that the price has plunged after the railway ministry asked the company to share its revenue earned from convenience fees collected by IRCTC in the ratio of 50:50 from November 1, 2021.

The company in a press release said that it is to be informed that the Ministry of Railways has conveyed its decision to share the revenue earned from the convenience fees collected by IRCTC.

Earlier, the stock of IRCTC jumped by 20 per cent as it started trading ex-stock split. From Thursday onwards, IRCTC shares were split in the ratio of 1:5, which was sub-divided by the face value of the share from Rs 10 per share to Rs 2 per share.

As soon as the price of IRCTC started plunging, tweeple started creating a meme fest on social media.

One of the users wrote that IRCTC : Wo karna Chahte Grind
Operators : Mai bhi baitha masti may.

Another user wrote that Golmaal Hai Bhaai Sab Golmaal Hai.

https://twitter.com/narrenderr/status/1453963349855666177

Yet another wrote that The decision has been reversed. But what about those investors who sold their shares in the last two hours of trading? Clearly, the decision had not taken the “signalling effect” into account. Can’t play with listed companies like this!

Read Also: IRCTC to share 50% convenience fee from ticketing revenue with Railway Ministry

IRCTC filed a regulatory filing on Thursday, in which they informed SEBI that the railways have said that the revenue-sharing arrangement would be enforced from November 1. The company’s board of directors are going to meet on November 1 to consider and approve the unaudited financial results for the second quarter and the half-year ended on September 30, 2021.

India News

Mumbai: Interpol, Police stop man from committing suicide

Interpol which regularly monitors google came to know about the man’s intentions. The Interpol contacted Mumbai police crime branch and informed them about the same.

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Mumbai: Interpol, Police stop man from committing suicide

A man was feeling frustrated at not finding a job after he had lost his job six months ago. His mother was in jail and was not able to get bail in a criminal case. The 28-year-old man repeatedly googled about the best way to commit suicide. Interpol which regularly monitors google came to know about the man’s intentions. The Interpol contacted Mumbai police crime branch and informed them about the same.

Mumbai police received an email from Interpol on Tuesday 12 pm. Interpol shared the mobile number used by the man during the internet searches. A team headed by the joint CP (crime) Lakhmi Gautam and senior PI Vinayak Chavan and other staff members collected technical intelligence about the mobile number.

The police found the man lived in a rented room in Malvani, Malad. The man was located within two hours and was brought to the crime branch unit office. The police asked him why he was searching for best ways to commit suicide on the internet. The man revealed he had lost all hope. He said his mother had been arrested in a criminal case two years ago. She was in jail since then and had not been able to get bail.

He told the police he hailed from Rajasthan and had come to Mumbai three years ago. After he had passed his junior college he did a diploma in computers. He added he got a job in real estate office in Mira Road. But he lost his job six months ago. He tried his best to get a job in other places but was not able to get one. He said he started getting worried about his future. He felt tense due to financial problems and had been having suicidal thoughts for the past few days.The man was thankfull to the Police for saving his life.

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India News

Woman delivers twins on highway due to lack of ambulance in Odisha’s Bolangir

A woman in Odisha’s Bolangir delivered twins on the side of a highway due to lack of an ambulace in the city.

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A woman in Odisha’s Bolangir delivered twins on the side of a highway due to the lack of an ambulance in the city.

According to reports, the incident took place in Kumuda village when the woman went for labour.

The pregnant woman has been identified as Bindiya Sabar. Her family members without any delay, called an ambulance but even after so many calls and requests for assistance, no one turned up.

However, they managed to hire an auto-rickshaw to rush the woman to the hospital.  

As they were travelling, Bindiya’s labour pain became more intense, causing the family to set up a temporary tent on the highway where she delivered her twins.

According to Bindiya, she attempted to call an ambulance, but no one came. Additionally, we attempted to contact the ASHA worker, however, she did not join us, Bindiya said.

Despite everything, Bindiya and her newborn twins are in stable health.

 

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Ujjain rape shocker: Teen left home in Satna in search of better life

The police officials quoted the girl telling the investigators that she was upset with her life in Satna.

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Ujjain rape shocker: Teen left home in Satna in search of better life

The harrowing CCTV footage of an injured and semi-clad 12-year-old girl running from pillar to post in Madhya Pradesh’s Ujjain has sent shockwaves across the country. The girl arrived in the city on Sunday after fleeing away from her village in Satna in search for a better life a day earlier, according to the police.

Reportedly, the girl’s family lodged a complaint in Satna when she went missing. The police officials quoted the girl telling the investigators that she was upset with her life in Satna. She added that therefore she took a bus to Ujjain, where she was raped. 

The assault left her unconscious. Later, she began walking seeking help but no one seemed to be ready to assist her. The girl had been walking for three hours when Rahul Sharma, the priest, helped her.

The priest expressed that it was heart-wrenching to see the girl semi-clad and bleeding. She was trembling and crying, he continued. Rahul Sharma said that he found the girl at the main gate of his ashram and informed the police immediately. 

He shared that the girl was incoherent and thus it was difficult to understand what she was saying. He added that in sign language, he asked her whether she wanted to eat and she nodded. Following, he offered her food which she ate as if she had not eaten for days. He further narrated that the girl was terrified and kept hiding behind while he assured her that she was safe. 

Meanwhile, reports stated that a new CCTV footage has emerged during the police investigation that shows the girl walking near Ujjain. In one  set of footage, timed at around 3 am, the 12-year-old girl appears to be dressed in school uniform. Hours later she was spotted semi-naked and bleeding, suggesting that the crime took place on Monday morning.

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