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IRCTC hits all-time high; stock rallies 32% in a month on improved outlook

Shares of Indian Railway Catering and Tourism Corporation (IRCTC) hit an all-time high of Rs 2,015, up 7 per cent on the BSE in the intra-day trade on Thursday, as analysts remain bullish on the counter.
The stock of the government-owned railways catering and ticketing company, which surpassed its previous high of Rs 1,995, touched on February 25, 2020, has appreciated by 32 per cent over the past one month as compared to less than 1 per cent gain the S&P BSE Sensex.
IRCTC offers a monopolistic opportunity in online rail ticketing, sale of Packaged Drinking Water (PDW) and catering services (in Train as well as around 600 stations) for Indian Railways. Contrary to most other monopolistic plays, IRCTC assures low pricing and high quality experience for its customer base. ....

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[Funding alert] Water ecommerce startup OwO raises Rs 1.5 Cr in angel round

[Funding alert] Water ecommerce startup OwO raises Rs 1.5 Cr in angel round
The Gurugram-based startup will use the funding to expand to new territories and investing in technology.
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OwO Technologies Pvt Ltd has raised an
angel funding round of
Marwari Angels and others.
This is ah! Ventures’ 65th investment, taking its total investment portfolio to Rs 193 crore with 10 exits till date.
“We launched OwO in June 2020 during the middle of global pandemic of COVID-19, and in spite of so many restrictions around us, we saw huge demand for our services across Gurugram. It took just two months to have our first 500 customers and since then, OwO never looked backed,” said Ajay Channgani, CEO, OwO Technologies. ....

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FSSAI gives more time for compliance with calcium, magnesium limits in packaged drinking water

FSSAI gives more time for compliance with calcium, magnesium limits in packaged drinking water
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Last Updated: Jan 01, 2021, 09:01 PM IST
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Synopsis
Food regulator FSSAI has extended the deadline by six months till July 1, 2021 for the food business operators (FBOs) to comply with the regulations related to limit of calcium and magnesium in packaged drinking water, other than mineral water.
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Food regulator FSSAI has extended the deadline by six months till July 1, 2021 for the food business operators (FBOs) to comply with the regulations related to limit of calcium and magnesium in packaged drinking water, other than mineral water. The Food Safety and Standards Authority of India (FSSAI) had earlier extended the deadline to July 1, 2020 and subsequently till January 1, 2021. ....

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