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  • Started process of spinning off Quess Corp's shareholding: Thomas Cook

    Thomas Cook India in focus today as the company has met with investors to discuss the company's growth and strategies for the year ahead. In an interview to CNBC-TV18, Madhavan Menon, Chairman & MD of the company spoke at length about the same.

  • No intention to sell further stake in Quess Corp, says Thomas Cook

    No intention to sell further stake in Quess Corp, says Thomas Cook

    Thomas Cook will sell 5.42 percent stake in their subsidiary Quess Corp via Rs 600 crore offer for sale. This will bring the promoter holding in Quess Corp down to 75.38 percent from 81.52 percent.

  • Maintain holiday biz growth guidance of 14-16% for FY18: Thomas Cook

    Maintain holiday biz growth guidance of 14-16% for FY18: Thomas Cook

    Thomas Cook saw 60 percent growth in demand for monsoon 2017. In an interview to CNBC-TV18, Madhavan Menon, CMD of the company spoke about the strong monsoon bookings.

  • Higher service tax rate to be passed on to customers:Thomas Cook

    Higher service tax rate to be passed on to customers:Thomas Cook

    With service tax rate increasing to 60 percent from 40 percent, cost to the consumer will go up, said Thomas Cook COO, Mahesh Iyer. The new tax will be effective from January 22.

  • Demonetisation: India Inc reacts, says it holds long term gains

    Demonetisation: India Inc reacts, says it holds long term gains

    Pawan Munjal, Managing Director of Hero Motocorp and Madhavan Menon of Thomas Cook believe that demonetisation will aid in long-term but lead to short-term pain

  • Thomas Cook says demand visible in South East Asia, Oz

    Thomas Cook says demand visible in South East Asia, Oz

    Demand is visible in South East Asian countries and Australia. The demand for long weekends in short haul packages has also risen, which is a complete new trend for Thomas Cook.

  • Brexit won't hit biz; Quess IPO key for growth: Thomas Cook

    Brexit won't hit biz; Quess IPO key for growth: Thomas Cook

    The company‘s forex and inbound businesses are doing well largely, which makes Thomas Cook CMD Madhavan Menon expect this year‘s growth at par with last year.

  • See bottomline turnaround in Q4FY16: Thomas Cook

    See bottomline turnaround in Q4FY16: Thomas Cook

    Elaborating on the pilot project inked with Airbnb, Mahesh Iyer, chief operating officer- foreign exchange and head - visas at Thomas Cook India says internal research suggests the experiential holiday concept is catching up fast in India, as travellers today seek varied experiences than being confined to a hotel room.

  • See benefit of acquisitions coming through in CY16: Thomas Cook

    See benefit of acquisitions coming through in CY16: Thomas Cook

    Thomas Cook has seen growth in outbound tourism in Q42015 and they have already started bookings for summer 2016, said MD, Madhavan Menon.

  • Will activate 65k ItzCash outlets in 3-5 years: Thomas Cook

    Will activate 65k ItzCash outlets in 3-5 years: Thomas Cook

    Mahesh Iyer, Chief Operating Officer- Foreign Exchange & Head- Visas, Thomas Cook (India), says the company is the principal agency for Xpress Money and MoneyGram International Inc in India, via which the money is transferred by people working abroad who do not have access to formal banking channels.

  • Bookings higher by 20%; focus on UK, US: Thomas Cook

    Bookings higher by 20%; focus on UK, US: Thomas Cook

    In an interview with CNBC-TV18, Madhavan Menon, MD, Thomas Cook says the company has its focus around Europe and the United States where growth has been 26 percent and 19 percent, respectively.

  • Thomas Cook subsidiary Quess Corp on road to IPO?

    Thomas Cook subsidiary Quess Corp on road to IPO?

    Business services and staffing company Quess Corp, a subsidiary of Thomas Cook India, has received board approval relating to its raise long-term funding needs, options that could also include coming out with an initial public offering (IPO), CMD Ajit Isaac told CNBC-TV18.

  • Expect productivity gains ahead of Amadeus deal:Thomas Cook

    Expect productivity gains ahead of Amadeus deal:Thomas Cook

    Thomas Cook (India) signed a long-term agreement with a global distribution company Amadeus. Amit Madhan, COO-IT & e-Services of Thomas Cook (India) spoke about the agreement details and company‘s future prospects.

  • To complete Sterling Holiday deal by year-end: Thomas Cook

    To complete Sterling Holiday deal by year-end: Thomas Cook

    Madhavan Menon also says that Ikya has worked out as an excellent acquisition. He expects Ikya to contribute more to company‘s profits and continue growing, led by policy changes.

  • To merge Sterling Holiday with arm: Thomas Cook MD

    To merge Sterling Holiday with arm: Thomas Cook MD

    The combined value of the two organisations will exceed about Rs 3,000 crore, said Madhavan Menon.

  • Sterling likely to get Rs 187 cr via preferential issue

    Sterling likely to get Rs 187 cr via preferential issue

    Sterling expects to get around Rs 187 crore through preferential issue which will be around 23.2 percent.

  • Expect over 20% outbound growth in 2014: Thomas Cook

    Expect over 20% outbound growth in 2014: Thomas Cook

    Speaking to CNBC-TV18, Madhavan Menon, managing director, Thomas Cook, says the company is likely to see a 20 percent plus growth on outbound travel. And while inbound travel was sluggish, it started seeing an improvement recently from Russian and American tourists.

  • In no hurry to sell any realty, generate funds: Thomas Cook

    In no hurry to sell any realty, generate funds: Thomas Cook

    In an interview to CNBC-TV18, Madhavan Menon, MD, Thomas Cook spoke about properties and the last two quarters being tough for the company.

  • IPP proceeds to fund acquisition, capex: Thomas Cook

    IPP proceeds to fund acquisition, capex: Thomas Cook

    Thomas Cook India has got Securities and Exchange Board of India‘s (Sebi) approval for issuing nearly 3.5 crore shares or a 14 percent stake through the institutional placement route.

  • NCD issue: Thomas Cook aims broaden debt maturity profile

    NCD issue: Thomas Cook aims broaden debt maturity profile

    Thomas Cook India will raise Rs 200 crore by issuing non-convertible debentures (NCDs) on a private placement basis. Its promoter Fairfax has USD 30 billion invested worldwide and with the might of this new promoter the company is exuding confidence like never before.

  • Thomas Cook exudes confidence with new promoter Fairfax

    Thomas Cook exudes confidence with new promoter Fairfax

    Fairfax has USD 30 billion invested worldwide and with the might of this new promoter behind Thomas cook India, it is exuding confidence like never before.

  • Do not see significant downside to margins: Thomas Cook

    Do not see significant downside to margins: Thomas Cook

    With Thomas Cook's new promoter Fairbridge Capital holding 87% stake, Madhavan Menon, MD, Thomas Cook India informed that there have been no discussions yet with the new promoters regarding reducing stake.

  • Difficult to say if company will get delisted: Thomas Cook

    Difficult to say if company will get delisted: Thomas Cook

    Thomas Cook India managing director Madhavan Menon told CNBC-TV18 it was too early to comment on whether the company would be delisted.

  • Nostro licence to fetch Rs 2-3cr more per qtr: Cox & Kings

    Nostro licence to fetch Rs 2-3cr more per qtr: Cox & Kings

    Until now, Thomas Cook has been enjoying its monopoly as the only travel company to have an authorised dealer licence also known as a Nostro licence. Peter Kerkar the director says the advantage is it will give them between Rs 2-3 crore of net profit per quarter through the year.

  • To conclude stake sale process by mid '12: Thomas Cook

    To conclude stake sale process by mid '12: Thomas Cook

    Thomas Cook India expects the stake sale process of parent company, Thomas Cook PLC, to be completed by mid 2012.

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