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Indian Railways running 78 special trains to cater Summer vacation rush



Indian Railways, Summer Holidays, Summer vacations, Special trains, Business news

New Delhi: Due to unavailability of tickets in most fast and super fast trains during the summer holiday season, the Indian Railways is running 78 special trains to cater to the rush, an official said on Monday.


Indian Railways, Summer Holidays, Summer vacations, Special trains, Business news


“To cater to the extra rush, we have started 78 special trains from April 1,” a senior Northern Railway official told media persons. The special trains would make 1,354 trips until July, the official said.

There are about 1,200 trains that ferry about 10-12 lakh passengers every day across the country.


Indian Railways starts running 78 special trains to meet summer holiday rush:


On the running late, often by over 5-7 hours, of trains, the official said huge traffic was one of the biggest challenge for running the trains on time. “If the train gets late then it goes on getting late as the rail traffic is already occupied by another train ahead,” the official said.


Indian Railways, Summer Holidays, Summer vacations, Special trains, Business news


The official also said sometimes the rakes of special trains were used for the main express trains when they gate late by over 5-6 hours. The maintenance of rakes takes about minimum of four hours.

“But we are trying to ensure that the special trains run on time,” the official said.



Zomato acquires UberEats India for nearly Rs 2,500 crore




New Delhi: Zomato on Tuesday announced that it has acquired Uber’s Food Delivery Business in India in an all-stock deal and Uber will have 9.99 per cent stake in the Deepinder Goyal-led food delivery platform.

According to sources close to the deal, it is in the range of over $350 million or nearly Rs 2,500 crore.

Uber Eats in India will discontinue operations and direct restaurants, delivery partners, and users of the Uber Eats apps to the Zomato platform, effective from Tuesday.

“We are proud to have pioneered restaurant discovery and to have created a leading food delivery business across more than 500 cities in India. This acquisition significantly strengthens our position in the category,” said Goyal, Founder and CEO, Zomato.

According to company sources, for the first three quarters of 2019, “our Uber Eats business comprised 3 per cent of our global Eats gross bookings, but was more than 25 per cent of our global Eats Segment Adjusted EBITDA losses”.

Uber started its food delivery service in India around mid-2017, but has not been able to scale up in the face of big players like Zomato and Swiggy.

It currently has nearly 26,000 restuarants listed on its platform from over 40 cities.

The market is piping hot as according to a recent study by business consultancy firm Market Research Future, the online food ordering market in India is likely to grow at over 16 per cent annually to touch $17.02 billion by 2023.

Uber CEO Dara Khosrowshahi said that the Uber Eats team in India has achieved an incredible amount over the last two years.

“India remains an exceptionally important market to Uber and we will continue to invest in growing our local Rides business, which is already the clear category leader,” said Khosrowshahi.

“We have been very impressed by Zomato’s ability to grow rapidly in a capital-efficient manner and we wish them continued success,” he added.

On January 10, Zomato had announced that it has secured $150 million in fresh funding from Ant Financial, a subsidiary of China-based giant Alibaba.

The latest round of funding in Zomato, which currently value the company at $3 billion, is part of $600 million funding round announced by Zomato CEO Goyal at a Delhi event last December.

The deal comes in the wake of merger talks between Zomato and Swiggy, whoch both the companies have denied to date.

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