Temperance tours to inclusive packages: a history of Thomas Cook

Thomas Cook in 1850, with advertising posters dating from around 1910. Photograph: Getty Images/Alamy By today’s standards of all-inclusive resorts with free bars and infinity pools, the first Thomas Cook holiday, which whisked customers 12 miles by train from Leicester to a temperance meeting in Loughborough, sounds like…

PE firm Motilal Oswal Real Estate exits Pune project

Motilal Oswal Real Estate or MORE, the real estate private equity arm of Motilal Oswal Group, has exited a project of listed firm Kolte Patil Developers at Rs 105 crore, the company said in a statement. MORE had invested Rs 58 crore equity money in the…

India tour was on our bucket list, says U2

“The first time I travelled to India was when I read Midnight’s Children,” reveals Bono, shedding light on an adventure that was purely literary. “You get the sense it’s a cauldron of ideas, an anarchical and entrepreneurial culture.” U2’s frontman, lyricist and do-gooder-in-chief is perched on a…

Commercial real estate still has many bankable projects

Mumbai: The credit squeeze may be a blessing in disguise for banks. While the real estate sector in general has slumped, commercial realty has been on an upswing, with some projects yielding as high as 9 per cent. Bank lending to commercial real estate projects rose 15 per cent in July compared…

Gadgets Weekly: Apple iPhone 11, Galaxy A50s and more

It was one of the busiest weeks in the gadgets circuit as Apple, Samsung and other companies unveiled their new line of flagship phones, smart wearables, and related accessories. Here are prominent products that made their debut this week (September 8-14): Apple Special Event 2019 This…

Collector Hanumantha Rao tours constituency

Narayankhed: District Collector Hanumantha Rao visited the constituency as part of 30-day action plan on Friday. ZPTC Lakshmi Ravinder Naik welcomed the Collector with a sapling. The Collector said everyone should plant saplings and maintain the surroundings neat and clean to prevent communicable diseases. Later, he visited…

Blackstone hauls in $20.5 bn for largest global real estate fund

Blackstone Group Inc. has raised $20.5 billion for the largest global real estate fund, as the world’s biggest manager of alternative assets refills its coffers to make property investments. The New York-listed firm said in a statement that the new fund, named Blackstone Real Estate Partners…

3 Clothing-Industry CEOs Bet Big on Their Own Stocks

Three CEOs in the rag trade have bet big on their own stocks. They are the chiefs at PVH Corp. (NYSE:PVH), Capri Holdings Ltd. (NYSE:CPRI) and G-III Apparel Group Ltd. (NASDAQ:GIII). PVH PVH was formerly Philips-Van-Heusen Corp. One of its predecessor companies was the first to…