What Else

IRCTC is the only firm authorized by the Indian Railways to sell bottled water, manage catering services, and sell railway tickets online across all Indian railway stations and trains. As a result, it's considered a monopoly. A monopoly is one of the few things that investors like more than life itself. It's the chance to corner a market only via government decrees. Investors were ecstatic when the business chose to go public in October 2019 at Rs 320 a share. They couldn't believe how "cheap" it was in comparison to its potential. The stock also doubled in value on the day of its first public offering. By October 2021, the stock had risen to about Rs 6,000 per share. IRCTC was in high demand, and everyone wanted a piece of it. However, there was one issue: government intervention. It was the one item that had the potential to come back to bite minority stockholders. With that out of the way, let's get to the body of the event. IRCTC sent a notice on the 28t...

Defending the environment The United Nations Conference on Climate Change (COP 26) is now taking place in Glasgow, and it is the most important climate summit since the Paris Agreement was signed in 2015. Because the agreements reached in Glasgow will determine the destiny of the world, whether we will be able to stabilise the climate in time or (without sounding too pessimistic), we will be rolling the dice with our future. South Asian nations, particularly India, are anticipated to bear the brunt of the consequences if things go wrong, which is why we all need to be aware of the scope of the current climate negotiations.  IRCTC's Perplexing Case IRCTC is the only owner of a monopoly. The Indian Railways' behemoth is the company's exclusive supplier of online ticketing and catering services. Its dominance in India's train travel sector is unrivalled, and the markets have recognised this, with the company's share price rising from 320 on its first public offering to...