Spending
Thomas Cook joins hands with MasterCard to launch “borderless prepaid card”

The “borderless prepaid card” enables travellers with the option of loading eight currencies on a single card—US Dollars, British Pounds, Euro, Australian Dollars, Canadian Dollars, Swiss Francs, Singapore Dollars and Japanese Yen

Thomas Cook (India), an integrated travel and travel-related financial services company, today launched its prepaid foreign exchange travel card in collaboration with MasterCard Worldwide.

 

The “borderless prepaid card” enables travellers with the option of loading eight currencies on a single card—US Dollars, British Pounds, Euro, Australian Dollars, Canadian Dollars, Swiss Francs, Singapore Dollars and Japanese Yen.

 

“It is a multi-currency card with a validity of five years, within which the cardholder can get the visiting country’s currency loaded on the card, thereby, saving money and time. An embedded chip and PIN ensures security and increased protection against counterfeiting and skimming card frauds,” the company said.

 

“We are now focusing more on the retail segment as we see the travel patterns in India are changing,” said Madhavan Menon, managing director, Thomas Cook (India). As per a Consumer Segmentation Study conducted by MasterCard in July 2011, 36.7% affluent Indians want to go overseas for a holiday.

 

The collaboration with MasterCard, a global payments and technology company will provide an acceptance at over 34.3 million merchant establishments, e-commerce websites and access to 2 million ATMs, Thomas Cook said.

User

Carnation to foray into insurance broking

Carnation Insurance, part of Carnation Auto which was started by former Maruti Suzuki managing director Jagdish Khattar, has received insurance broking license enabling it to sell general insurance products like car insurance and life insurance products

New Delhi: Multi-brand auto service provider Carnation Auto said it is venturing into insurance broking through a separate entity, reports PTI.

 

Carnation Insurance, a part of Carnation Auto which was started by former Maruti Suzuki managing director Jagdish Khattar, has received insurance broking license enabling it to sell not only general insurance products like car insurance but also life insurance products, the company said in a statement.

 

“The addition of the insurance license gives us the perfect opportunity to provide comprehensive car care solutions to our customers,” Carnation Auto chairman and managing director Jagdish Khattar said.

 

The company will provide cashless claims facilities across its existing nationwide car service and repair network in cities like Bangalore, Delhi, Gurgaon, Hyderabad, Mumbai, and Pune to name a few.

 

Carnation will also leverage its online presence to create awareness of insurance products and match customer requirements with suitable solutions, it added.

 

Me Khattar said within five to eight months, the Carnation Insurance will be able to foray into broking of other insurance products such as health and the company will look to tap the existing customers.

 

“In the last four-years we have served over 4 lakh customers and several thousands of them have availed of our cashless insurance claims facility through our 22 hubs spread across India,” he added.

 

The company’s subject matter experts will be able to align customers’ needs and requirements with the products offered by over 20 public and private sector insurance companies in India, Mr Khattar said.

User

COMMENTS

julieandereson

4 years ago

Nice article on insurance broking!More over there should be an insurance should be very must!

Sonia, Rahul grabbed property worth Rs 1,600 crore: Subramanian Swamy

Subramanian Swamy has alleged that Sonia and Rahul Gandhi control Young Indian which has grabbed The Herald House worth Rs1,600 crore and questioned why Rahul Gandhi did not disclose the details in his affidavit to the Election Commission in 2008

 
Janata Party president Subramanian Swamy on Thursday accused ruling Congress party leader Rahul Gandhi of running a fraud company and of misusing government facilities. Swamy alleged that Rahul and Sonia jointly owned 76% of a company called Young Indian.
 
Swamy also alleged Rahul had acquired a public limited company—the Associated Journals Limited—which owns the National Herald and Quami Awaz newspapers and has high value property in Delhi and other places in Uttar Pradesh. Swamy alleged that the deal between Young Indian and Associated Journals was a “fraud committed in order to grab the Herald House in Delhi, that is valued at about Rs1,600 crore.”
 
The Janata Party president said that Young Indian now ‘owns’ the Herald House in Delhi and two floors of it have been rented out to the passport office that pays the company Rs30 lakh a month as rent, of which, 76% goes to Rahul and Sonia.
 
In his expose before the press, Swamy said according to RoC (Registrar of Companies) Jawaharlal Nehru, Indira, Feroze Gandhi, GD Birla and other noted deceased persons, are shown as current shareholders! “In fact 80% of the original shareholders are no longer alive. Many defunct firms, including several companies having dubious addresses in Kolkata, are shown as shareholders of the Associated Journals”, Swamy alleged.
 
He also accused the scion of the Nehru-Gandhi family of not disclosing about this company in his affidavit to the Election Commission while filing his nomination for the 2008 Lok Sabha elections.
 
Subramanian Swamy has sought a SFIO/CBI probe into “the dubious stinking deal between Young Indian and The Associated Journals as also the illegality of the AICC in giving a loan to a private company in reckless cronyism since the AICC president is Sonia Gandhi and general secretary Rahul Gandhi who are also owners of Young Indian, the beneficiary.”
 

User

COMMENTS

Suiketu Shah

4 years ago

People who question Swamy's integrity are incredibly daft.He is the most credible politician in the country ....and hence the most hated by other politicians.

NSriramamurty

4 years ago

Wikipeaks Web Showed Swiss Bank Accounts of INDIANs in it.Pranab Mukherjee has successfully either Accepted or Disagreed with wickyleaks Data,as it shows RajivGandhi with $ 14.5 Billion.Even White Paper is not given by him Telling Account Holders Names and Amounts in those A/Cs citing Double Tax Treaty between Those Contries,emphasing that IT Dept.is taking necessary actions.

I hate Congress

4 years ago

bloody what is this gandhu family doing in our country... why cant we have another RDB killing a few ass holes and making it a better nation.

I hate Congress

4 years ago

well well sardar kya bolega.. izzat to gava hi chuka hai... rape karvake hi hatega saala.

Vaibhav Dhoka

4 years ago

Lets see what our MUTE PM take stance at this.He is unable hear or see or speak agist GANDHI family.

Shadi Katyal

4 years ago

If tyhe property wsorth Crores was part of sale than how is it a Fraud?
Why is the party who sold the agencvy not speking up and state that property was part of it.
True the property prices have multiplied by many times but does it mean that now it is a fraud or is this way Swamy way to enter in politics?
Our politics was dirty but has raly gone worst.

REPLY

I hate Congress

In Reply to Shadi Katyal 4 years ago

Shadi Katyal: whatever the swami says does not become wrong even if he has intentions of coming into politics. what has happened does not change or does not stand corrected just because kejriwal or wsami are interested in politics. they are interested because there is no other way to deal with these ass holes without creating a party for themselves. people like you are actually mango people who will never understand the depth of the situation.

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)