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International

Business losses from record rains likely to exceed $2 billion

December 04, 2015 Reprints

India's Associated Chambers of Commerce and Industry has said that losses to businesses from the record rainfall in India's Chennai city are likely to total over 150 billion Indian rupees ($2.25 billion), reported Bloomberg.

The heavy downpours and floods have claimed 269 lives so far. The chamber termed the situation as "total chaos." It said small and medium enterprises, and the automotive and information technology sectors were the worst hit.

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Business losses from record rains likely to exceed $2 billion

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