01-01-1970 12:00 AM | Source: Reuters
Indian railway ministry reverses decision to seek convenience fee share from catering arm
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/10/89062a5cfae6ca6adb51fb6a1b377914.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
BENGALURU - India's railway ministry withdrew its decision on Friday to ask its catering and tourism arm, the Indian Railways Catering and Tourism Corporation, to share half of all the convenience fee revenue it earns.
Shares of IRCTC, which plunged as much as 30% earlier, pared some losses and were last down 5.2%.
(Reporting by Vishwadha Chander in Bengaluru; Editing by Rashmi Aich)
Latest News
![](https://portfolio.investmentguruindia.com/uploads/news/insurance 123.jpg)
Insurance Sector Update : Motor drags down overall g...
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
Sell Gold Below 72700 SL Above 72950 TGT 72400/72100...
![](https://portfolio.investmentguruindia.com/uploads/news/Wipro.jpg)
Wipro shares nosedived over 9 pc after missed earnin...
![](https://portfolio.investmentguruindia.com/uploads/news/2b1715f7e03b51b0ac9c014eb224fc1f.jpg)
Economic Survey links mental health disorders with '...
![](https://portfolio.investmentguruindia.com/uploads/news/gdp22.jpg)
India's GDP growth for FY25 to surpass Economic Surv...
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
Evening Roundup : A Daily Report on Bullion Energy &...
![](https://portfolio.investmentguruindia.com/uploads/news/Dollar retures 2.jpg)
FIIs stood as net buyers in equities as per July 22 ...
![](https://portfolio.investmentguruindia.com/uploads/news/health22.jpg)
Union Budget: Experts urge government to remove 18 ...
![](https://portfolio.investmentguruindia.com/uploads/news/Arvind Kapil, MD and CEO, Poonawalla Fincorp.jpg)
Poonawalla Fincorp AUM up 52% YoY to Rs 26,972 crore...
![](https://portfolio.investmentguruindia.com/uploads/news/stock8.jpg)
Sensex ends lower ahead of Union Budget 2024-25