Teak Tree

A 114-year-old teak tree planted by the British at the Nilambur teak plantation here fetched a record price of close to Rs 40 lakh when it was auctioned off recently, the Forest department has said.

Continuing with its action against unauthorised investment schemes, market watchdog Securities and Exchange Board of India (Sebi) has asked Orient Resorts to wind up operations and refund money which it had collected through a teak tree sapling investment scheme, which promised a 100-fold return.

A 114-year-old teak tree planted by the British at the Nilambur teak plantation here fetched a record price of close to Rs 40 lakh when it was auctioned off recently, the Forest department has said.

Continuing with its action against unauthorised investment schemes, market watchdog Securities and Exchange Board of India (Sebi) has asked Orient Resorts to wind up operations and refund money which it had collected through a teak tree sapling investment scheme, which promised a 100-fold return.