The financial lens

Thomas Cook, the world’s oldest travel company, declared bankruptcy. After 178 years of being the biggest British name in holiday booking and inventing guided tours, the firm has gone bust. Founder Thomas Cook was a pioneer in the travel industry in the 19th century, just like Amazon or Google has been in the tech world in recent decades.Thomas cook was the first company that started off with packaged tours as cook thought that everyone wants to keep it simple,like you get the itinerary and accommodation planned by his company even before you travel. As another innovative offering, Thomas Cook issued traveler’s cheques in 1874, allowing his customers to exchange foreign currencies in other countries. Travelers were struggling to exchange different currencies back then, and it was unsafe to carry too much cash. Amid this situation, Thomas Cook offered a solution that became very popular. The network that Thomas cook build can be compared to present times Alibaba,Amazon,Google or...

Indian Economy, no doubt is passing through a sluggish economic growth since 2017 as compared to earlier years, although Indian Economy is still showing positive growth at the rate which may not be considered as very slow, if we go by the global economic growth standards. Over the past few weeks, Finance Minister Nirmala Sitharaman announced several measures to tackle economic slowdown. These steps have come after India's GDP growth in the first quarter of FY20 slowed to 5 per cent--the lowest in 25 quarters or in six years. Since it is capital formation, or investment, that drives growth in the economy, investment is an immediate source of demand as firms that invest buy goods and services to do so. It also expands the economy’s capacity to produce.   Indian investors have also become wary of the slowing economic growth as major companies, especially from the auto sector, have been posting huge dips in profits and even losses in many cases. Not just domestic investors but F...