 "Cox and Kings, Thomas Cook soar on Modi visa boost")
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.