Sanjay Kumar Jain, Chairman & MD of IRCTC, reported on the company’s performance. IRCTC operated 48 Vande Bharat trains out of 117 prepaid trains, significantly contributing to revenue. The e-catering and rail-based tourism packages saw exponential growth. Capacity for Rail Neer was increased by new plants. Profit margins saw a notable improvement, along with a significant profit growth.
Tata Power shares slide 4% after company loses $490 million arbitration challenge in Singapore. What’s the case about?
Tata Power shares tumbled after the Singapore International Commercial Court dismissed the company’s challenge to a $490 million arbitration award in favour of Kleros Capital