ICICI, Rlys to offer online ticket
New Delhi: Indian Railway Catering and Tourism Corporation (IRCTC) has inked an agreement with ICICI to act as the payment gateway for its online ticket booking services to be launched soon.

The online ticketing service will be launched within two months.

The Rs four crore project, to take off in Delhi in the pilot phase, would enable foreign and domestic travellers to book railway tickets through Internet from anywhere. Customers would have to pay Rs 25 extra per ticket.

In a phased manner, the project would be replicated in other parts of the country.
Back to News Review index page  

Sebi orders 11 SE top brass to step down
New Delhi: The Securities and Exchange Board of India has directed presidents and vice-presidents of 11 regional bourses to step down from top management posts, as part of its efforts to impart transparency and prevent market manipulations.

Sebi has sent notices to 11 stock exchanges including Jaipur, Kanpur, Rajkot and Magadh.

The decision was taken after the broker members of BSE and CSE allegedly manipulated the market. These members had access to price sensitive information from the surveillance departments of the bourses.

There are at present 19 regional bourses existing side-by-side with the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), Over the Counter Exchange of India (OTCEI) and the Inter-connected Stock Exchange (ISE).
Back to News Review index page