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General insurers to challenge Rs 671 crore CCI penalty

Last Updated: Thursday, July 16, 2015, 23:13

State-owned non-life insurers are "surprised" at the Rs 671-crore penalty that fair trade watchdog CCI on Thursday slapped on them for allegedly forming a cartel and rigging the tender floated by Kerala government to select insurance provider for Rashtriya Swasthya Bima Yojna.