IRCTC and IRFC gain Navratna status
IRCTC and IRFC have been granted Navratna status, enabling them to invest up to ₹1,000 crore without government approval. In Q3 FY25, IRFC reported a net profit of ₹1,630 crore, a 1.93% YoY increase, and revenue of ₹6,763 crore. This move boosts their financial autonomy, aligning with the government’s strategy to empower public sector enterprises.