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IRCTC profit has grown to Rs 189 crore
New Delhi-The net profit of Indian Railway Catering and Tourism Corporation Limited (IRCTC) has grown to Rs 189 crore in Financial Year 2015-16 as against Rs 131 crore in Financial Year 2014-15. It is a growth of 44%.During the year 2015-16, a total of Rs 24,023 crore has been collected towards the sale of train tickets through IRCTC portal.The revenue is generated from  service charges on internet tickets and from tourism services etc.The information was given by the Minister of State for Railways  Rajen Gohain in  Rajya Sabha.

Merger of Idea Cellular with Vodafone India Ltd.


Mumbai-Idea Cellular  approved the scheme of amalgamation of Vodafone India Limited and its wholly owned subsidiary Vodafone Mobile Services Limited with the company.Decision was taken in a meeting of  board of directors of Idea Cellular.The transaction is subject to necessary approvals from concerned authorities, including SEBI, Department of Telecom, RBI and others.Vodafone, Idea to have equal stakes in the merged entity over a period of time, said chiefs of both companies.Kumar Mangalam Birla to be Chairman of the merged company, Vodafone to appoint CFO.

Demonetised notes for 1 crore seized in Mumbai


Mumbai -Demonetised notes for one crore  were seized from a finance company's office in suburban Mulund .Five persons, including two employees of the financial company, were arrested in this regard.Police told that the banned notes were kept at the company's office located at Parmeshwari Plaza in Mulund, for exchanging them with new currencies last night.Police official  said the seized banknotes comprised 9964 pieces in denomination of 500 rupee and 4998 pieces in denomination of 1000 rupee.

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