Indian Railway Catering & Tourism Corporation announced that Ministry of Railways has directed IRCTC to terminate all existing contracts of mobile catering(currently kept in abeyance) involving scope of work of providing cooked food to passengers prepared from base kitchens.
IRCTC is further directed to treat this case as an exception arising out of pandemic situation and not to be treat the case as contractor s default and hence not impose any fine for not providing catering services and also return the security deposit and advance license fee in full after considering / adjusting valid dues, if any.
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Lupin reported consolidated net profit of Rs 438.30 crore in Q3 December 2020 as compared to net loss of Rs 835 crore in Q3 December 2019. Total income rose 6.6% to Rs 4017.40 crore in Q3 December 2020 over Q3 December 2019.
On a consolidated basis, Interglobe Aviation (Indigo) reported net loss of Rs 620.14 crore in Q3 December 2020 compared with net profit of Rs 495.97 crore in Q3 December 2019. Revenue from operations tumbled 50.56% to Rs 4,909.98 in Q3 December 2020 compared to Rs 9,931.68 crore in Q3 December 2019. Pre-tax loss for the quarter stood at Rs 623.13 crore as against pre-tax profit of Rs 556.53 crore in Q3 December 2019.
Indian Railway Catering & Tourism Corporation (IRCTC) reported 62.06% drop in net profit to Rs 78.09 crore on a 66.63% fall in total income to Rs 245.23 crore in Q3 December 2020 over Q3 December 2019.
Read more about Indian Railway Catering & Tourism Corporation standalone net profit declines 62.06% in the December 2020 quarter on Business Standard. Sales decline 68.66% to Rs 224.37 crore