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Cost of Chennai floods to businesses seen exceeding 150b rupees

City has come to a virtual standstill and in the grip of fear and panic: trade body

India's National Disaster Response Force (NDRF) personnel conducting a rescue operation through a flooded road in Chennai. Air force also started evacuating hundreds of passengers stranded at the local airport.

New Delhi

AS the flood-ravaged Indian city of Chennai got some respite from torrential rains, a trade body said losses to businesses from the record downpour could reach more than 150 billion rupees (S$3.16 billion).

Water released from overflowing lakes and reservoirs wreaked...