Insurance companies‘ books are unlikely to be impacted by the damage caused by Cyclone Vardah that hit Chennai recently.
Exports worth more than Rs 300 crore was lost due to cyclone Vardah which caused huge havoc to the infrastructure in the city and neighbouring districts, Federation of Indian Exports Organisation said.
An IMD bulletin said the depression over north interior Tamil Nadu moved westwards and weakened into a "well marked low pressure" area over area and adjoining south interior Karnataka at 8.30 AM.
The government said it is taking all steps to ensure that the jammed mobile phone networks are restored and a meeting of telecom operators and officials was held.