Now, IRCTC will predict your wait-listed tickets will get confirmed or not
Posted on 29th May 2018 |
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| While you may not get confirmed berths each time you book a train ticket, you can find out if your ticket stands a chance of being confirmed thanks to a new predictive service on the IRCTC website, officials said on Monday. At midnight, the new and refurbished IRCTC website went live; and now, it will let Indian Railways passengers know the probability of confirmation of wait-listed tickets based on a new algorithm developed by the Centre for Railway Information Systems (CRIS). "According to the new feature of wait-list prediction, one can predict the chances of a wait-listed or a RAC ticket getting confirmed on the basis of booking trends. We will mine our own data of passenger operations and booking patterns for the first time," a senior official in the Railway Ministry said. The idea, the officials said, came from Railway Minister Piyush Goyal, who had given a one-year deadline last year to complete the process of inducting the predictive service on the Indian Railway Catering and Tourism Corporation (IRCTC) website. The algorithm will take into account the past 13 years' data to arrive at a "robust, workable model", the officials said. While predictions have been used by private players, the officials said that the Indian Railways system would be more reliable as it would have the advantage of the database of the national transporter. Nearly 1.3 million tickets are booked on the IRCTC website every day against a reserved accommodation of 1.05 million berths, the officials said. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale
Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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