Old travel brand reinvents itself to cater to changing customer expectations
The move marks its big foray into inbound travel segment, gives it a pricing edge over competition
The company reported 56% growth in consolidated net profit at Rs 62 crore for the quarter ended June 30, 2016
The company however did not disclose any financial details about the partnership
The company's arm Quess Corp is planning to raise Rs 400 crore through IPO
Travel firm Thomas Cook (India) today reported a consolidated net loss of Rs 70.78 crore for the quarter ended March 31, 2016. It had posted a net profit of Rs 2.25 crore for the corresponding period of the previous fiscal, the company said in a filing to BSE. Consolidated total income stood at Rs 1,298.75 crore for the quarter under consideration as against Rs 864.86 crore in the year-ago period. The consolidated profit before tax declined from Rs 170 crore during the 15-month period ended March 31, 2015 to Rs 28.5 crore during the year ended March 31, 2016 on account of exceptional one time provisions, including Rs 93.9 crore in Sterling Holidays, the company said. This was primarily due to adoption of a more pragmatic and prudent approach towards vacation ownership receivables and write-off of capital work in progress, as also a Rs 7.3 crore receivable write-off in the inbound business, it added. Thomas Cook (India) Chairman and Managing Director Madhavan Menon said, "We are ..
A digital ad campaign of Thomas Cook India aims to encourage older people to travel and also move the younger generation to push their older relatives out of their comfort zones
Iyer will be responsible for day to day business management, in addition to managing the visa and foreign exchange business in India, Mauritius and Sri Lanka
Thomas Cook is allowing travellers to open a separate account for their big vacation a year later, for which they'll get interest as well as be protected against price hikes
They aims to assist small-and medium-sized enterprises (SMEs) in India with their trade payments across borders