)
Shares of companies engaged in travel support services such as Cox and Kings and Thomas Cook (India) have rallied by up to 13% in otherwise weak market after Prime Minister Narendra Modi eased visa rules for U.S. tourists.
Cox and Kings has surged 13% to Rs 330, while Thomas Cook (India) soared 9% to Rs 148 during intra-day deal on the Bombay Stock Exchange (BSE).
Prime Minister Narendra Modi on Saturday announced several measures to ease travel to their motherland including life-long visas. A person of Indian origin (PIO) will get a lifelong visa for India.
Currently PIO cards, given to those who themselves, their parents or grandparents or their spouse, were one-time Indian citizens, allow for visa-free travel to and from India. However, a PIO card is only valid for 15 years, IANS report suggests.
Cox and Kings has surged 13% to Rs 330, while Thomas Cook (India) soared 9% to Rs 148 during intra-day deal on the Bombay Stock Exchange (BSE).
Prime Minister Narendra Modi on Saturday announced several measures to ease travel to their motherland including life-long visas. A person of Indian origin (PIO) will get a lifelong visa for India.
Currently PIO cards, given to those who themselves, their parents or grandparents or their spouse, were one-time Indian citizens, allow for visa-free travel to and from India. However, a PIO card is only valid for 15 years, IANS report suggests.
