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Quiet day for markets
The Sensex opened at 17,719 and soon touched a high of 17,790 - the highest level in the last 22 months. Weakness in the IT shares however pulled the index into the negative terrain to touch a low of 17,636, down 153 points from the day"s high. The BSE benchmark index kept on swinging zones for the rest of the trading session and finally ended flat at 17,701, up 15 points. The NSE Nifty is at 5,282, up four points.

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Committee begins probe into IOC fire
A committee set by the Petroleum Ministry to probe into the causes of the devastating fire at the IOC depot near here began its inquiry today by visiting the site.

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NABARD to support projects worth Rs 794 cr in TN
National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 793.85 crore to implement various projects in Tamil Nadu.
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Janta Roadways launches taxi service in Chennai

Janta Roadways, a Chennai-based logistics services provider in the car transportation segment, launched its luxury taxi service in the city on Tuesday. The service will cover Greater Chennai, which includes Sriperumbudur. - Small car maker, but big energy saver - Auto loan: Private lenders step on the gas - Hyundai crosses 25 lakh car production in India - Magnum opus - Maruti exports 1 lakh A-Star in 11 months - Car sales see record November surge “We are investing around Rs 10 crore in this business. We currently have a fleet of 100 air-conditioned vehicles. However, the service will commence with 50 cars to start with,” Janta Roadways managing director Rajinder Singh told mediapersons. Singh said the company was also planning to offer a hub-and-spoke service to automobile companies and had already acquired land at Alwar in Rajasthan for the purpose. “On the anvil are plans to start such hubs in Krishnagiri Pune and Nasik,” he said, adding that the company proposed to invest Rs 8 crore in this venture. Janta Roadways currently offers its car carrier service to customers like Maruti, Hyundai, Ford, Fiat, Tata Motors, TAFE, Hindustan Machine Tools" tractor division and Indian Air Force. The company has recently tied up with Volvo India for transporting cars within the country. The company expects its revenues to touch Rs 40 crore this financial year, as against Rs 30 crore last year.


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