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Larsen and Toubro informed the market that the company has received R1 approval for its general insurance venture from IRDA , which means they have to have 2 more approvals R2 and R3 which is the time where the IRDA monitors the Business model and Formation of the company , we can see the company opening its business anywhere from 3 to 6 Months.May be Larsen and Toburo might think of LNT Inurance IPO if it needs to tap more money for running the business.

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Sundaram Finance Ltd has informed the market that the wholly owned subsidiary of his company, Sundaram Business Services Ltd, have signed a joint venture agreement with BNP Paribas Securities Services, France, to provide security services in India. The company will be called Sundaram BNP Paribas Security Services.
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