- Lemon Tree in pact endosulfan protest
- Sebi to start toll-free helpline for investors
- Oil price rise to affect
India
Lemon Tree in pact endosulfan protest
Hospitality firm Lemon Tree Hotels has tied up with the USbased investment firm Warburg Pincus Llc to enter into the the real estate sector.
The Indian company is planning to invest over `1,400 crore to launch housing projects in India
Ltd--with Warburg Pincus for the hous ing projects.
Ltd--with Warburg Pincus for the hous ing projects.
“The joint venture with Warburg Pin cus will develop at least three to four affordable housing projects in Gurgaon,“ Lemon Tree Hotels chairman and managing director Patu Keswani said.
Sebi to start toll-free helpline for investors
Capital market regulator, Securities and Exchange Board of India (Sebi) will set up a tollfree helpline to respond to queries of investors and help them track the status of their com plaints.
The investors, according to a strategic action plan approved by the Sebi board earlier, will be able to communicate in their own languages.
The investor awareness and educa tion plan also includes a webbased cen tralized investor grievances tracking sys tem to help investors track their com plaints. The proposals to establish a hel pline for investors and have a grievances tracking system, among others, were approved by Sebi in a board meeting held in February.
Oil price rise to affect India’s Growth
A rise in global oil prices by $10 (`433) per barrel would reduce India
“A VAR (valueatrisk) analysis sug gests that a $10 increase in oil would reduce GDP growth by 0.2 percentage point,“ Goldman Sachs said in its latest edition of `Asia Economics Analyst'.
Global oil prices have almost doubled in the past one year. Brent crude, one of the benchmark index, was trading at nearly $124 on 23 April.
