“Adani’s takeover of trainman would result in strong competition for IRCTC”
What FACTLY found
IRCTC clarified that Trainman is one of the 32 authorized B2C (Business to Customer) partners of IRCTC, to which it provides its API services, contributing 0.13% of total reserved ticketing. Changing the stake won’t make any difference to this. All integration and operations will continue to be done through IRCTC. ICICIDirect, one of India’s largest retail brokers, has analyzed the business model of IRCTC and has opined that the real competition for the IRCTC is offline railway ticketing
Their words, from the summary they publish with the rating.
In short
This claim spread on social media around 18 June 2023. FACTLY (India) looked into it and published its finding on 21 June 2023, 3 days later. Its rating was “MISLEADING”.
Where the claim appeared
Links recorded by FACTLY. Some posts may have been deleted since.
This check was done by FACTLY, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.