Thomas Cook (India) has witnessed a significant surge of 35% in bookings for its Cherry Blossom tours to Japan, ahead of the highly awaited Sakura Season.

With India's new age travellers displaying increasing appetite for new, unique destinations and enriching experiences, Japan has been emerging strongly as a forerunner. Hence in a focussed initiative to tap into thisunderleveraged potential, Thomas Cook had launched a range of Japan Sakura tours across group escorted tours, customised programmes and luxury bespoke itineraries; and this year has seen significant uptake frommetro cities like Mumbai and Bengaluru (growth of over 40%), as also mini metros/Tier cities like Visakhapatnam, Lucknow, Indore, Pune, Rajkot, Trichy, Jaipur, Chandigarh, Madurai, Mangalore, Ludhiana(growth of approx 50%).

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Thomas Cook (India) will hold a meeting of the Board of Directors of the Company on 1 February 2019.

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City Union Bank Ltd, Oracle Financial Services Software Ltd, Centrum Capital Ltd, Tech Mahindra Ltd are among the other stocks to see a surge in volumes on BSE today, 07 January 2019.

Thomas Cook (India) Ltd notched up volume of 1.99 lakh shares by 10:48 IST on BSE, a 35.72 fold spurt over two-week average daily volume of 5564 shares. The stock slipped 0.78% to Rs.236.45. Volumes stood at 5017 shares in the last session.

City Union Bank Ltd witnessed volume of 5.96 lakh shares by 10:48 IST on BSE, a 28.54 times surge over two-week average daily volume of 20885 shares. The stock dropped 0.21% to Rs.193.80. Volumes stood at 19272 shares in the last session.

Oracle Financial Services Software Ltd notched up volume of 9047 shares by 10:46 IST on BSE, a 8.5 fold spurt over two-week average daily volume of 1064 shares. The stock rose 0.57% to Rs.3,615.00. Volumes stood at 832 shares in the last session.

Centrum Capital Ltd witnessed volume of 2.07 lakh shares by 10:48 IST on BSE, a 5.68 times surge over two-week average daily volume of 36536 shares. The stock increased 1.27% to Rs.35.90. Volumes stood at 23326 shares in the last session.

Tech Mahindra Ltd recorded volume of 2.48 lakh shares by 10:48 IST on BSE, a 3.6 times surge over two-week average daily volume of 68754 shares. The stock gained 1.05% to Rs.688.40. Volumes stood at 1.15 lakh shares in the last session.

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Thomas Cook (India) announced that the Board of Directors of the company at its meeting held on 19 December 2018 approved the amendments in the Composite Scheme of Arrangement and Amalgamationbetween Thomas Cook (India) ('TCIL'), Quess Corp ('QCL'), Travel Corporation (India) ('TCI'), TC Forex Services (formerly known as Tata Capital Forex) ('TCF'), TC Travel Services (formerly knownas TC Travel and Services) ('TCTSL') and SOTC Travel Management (formerly known as 'SITA Travels and Tours') ('SOTC TRAVEL') and their respective shareholders ('the Amended Scheme').

The Scheme inter-alia provides:

Demerger of the inbound business of TCI consisting of business of handling inward foreign tourist activity in India including independent and conducted tours, safaris, expeditions, conferences, meetings and other group movements and also to handle similar foreign tourist activity in other parts of the world through its own offices and agents and correspondents (Demerged Undertaking 1) from TCI into SOTC TRAVEL; and

Amalgamation of residual TCI, TCF and TCTSL with TCIL; and

Demerger of the Human Resource Services Business of TCIL relating to staffing / human resource services for conducting tours and other businesses, talent development and training, resource management, facilities management services, selection services, food services and engineering services (Demerged Undertaking 2) from TCIL into QCL.

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