India Government IPO reports India

Data recap: Covid rise, edible oil prices, rupee

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Cooking oil cools Retail prices of cooking oils are finally set to ease as companies are passing on the gains from import duty reductions announced by the government and cooling prices in the global markets.

For the past two years, high cooking oil prices have been burning a hole in the pockets of consumers and worsening retail inflation.

Now, several companies including Adani Wilmar and Emami Agrotech have announced a cut in prices by up to ₹15 per litre, which should bring much-needed relief. Covid scare After more than four months, India’s covid cases are showing an alarming trend.

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Report: Nearly 7.8M homes at risk of hurricane damage - - city New York - county Lake - state Louisiana - county Charles - county Gulf
Report: Nearly 7.8M homes at risk of hurricane damage
A couple react as they go through their destroyed mobile home following the passing of hurricane Laura in Lake Charles, Louisiana, on August 27, 2020. (Photo by ANDREW CABALLERO-REYNOLDS/AFP via Getty Images) Nearly 7.8 million homes with more than $2.3 trillion in combined reconstruction cost value (RCV) are at risk of hurricane-related damages during this Atlantic season, CoreLogic's 2022 Hurricane Report says.In evaluating the storm surge and hurricane wind risk levels for both single-family and multifamily residences along the Gulf and Atlantic Coasts this season, the corporation said that 33 million homes with nearly $10.5 trillion in combined RCV are at risk of wind and flooding-related destruction.More than 31 million single-family homes were at moderate or greater risk and over 7.5 million of the homes had direct or indirect coastal exposures and subsequent risk from coastal storm surge and damage from hurricanes. At the metropolitan level, New York City has the greatest risk, with nearly 900,000 homes with more than $432 billion in RCV at risk of storm surge damage and more than four million homes with more than $2.2 trillion in RCV at risk of wind damage.At the state level, three Gulf Coast states have the greatest number of homes at risk of storm surge damage. A bent stop sign in a storm damaged neighborhood after Hurricane Ida on September 4, 2021 in Grand Isle, Louisiana.