"D-Mart posted 35 percent EBITDA CAGR in FY14-20 versus less than 20 percent by leading peers. RoCE of around 20 percent consistently beats peer average. This justifies 40 percent premium over Titan and other consumption names. Even if DMart's 1-year forward P/E de-rates 50 percent, exit multiple of 27x will drive 12 percent stock CAGR in the next 10 years on 23 percent EPS CAGR. Entry into cash & carry could drive further upside," said the brokerage. … [Read more...] about Sensex, Nifty hit fresh record high; brokerages see 15-44% upside in these 14 stocks
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A 2017 study suggested that consumers might also pay more for foods with “upcycled” ingredients. When the products market their ability to prevent food waste, that can also make consumers more aware of the problem and potentially help inspire them to cut waste at home, where the biggest proportion of food ends up in the trash. Americans waste nearly a pound of food per person per day. And though it can’t tackle the entire problem, upcycling food waste can make a difference; ReFed estimates that using donated products alone can divert more than 100,000 tons of food waste each year, and generate $285 million in economic value. … [Read more...] about Everything you need to know about the booming business of fighting food waste
Because there is currently no global governance structure for solar geoengineering, no one knows what its actual implementation should, or could, look like—and that leaves open the question of who then will have their hand “on the global thermostat” if it comes to fruition. As research into this technology continues, we need to have these economic and ethical implications in mind, Harding says. The technology may not be ready to deploy, but if it ever is, we need to be ready to address all the implications and even control how it may be used, so one country doesn’t have the only say. “We really need to start seriously thinking,” Harding says, “about how we might design policy around solar geoengineering.” … [Read more...] about Solar geoengineering could have big benefits (and also big risks)
Rethinking the shape of the city itself Beyond just changing the built environment, cities can cool down by rethinking how people get around them. As cars spew greenhouse gas emissions, they also emit waste heat, making cities even hotter on hot days. The existence of the car also leds to sprawling streets and parking lots covered in pavement that raises local temperatures. “Post-World War II, we ended up developing very different kinds of zoning strategies where we started separating uses—large swaths of single-family residential [buildings] that [are] isolated in one location, or industrial or retail,” says Stephen Coulston, principal at the architecture and design firm Perkins and Will. “It disincentivized what maybe was a little less vehicular-centric activity in the past, which was connected, walkable places where you could live in a place and walk to a corner market and walk to a retail center and not have to get into a car.” Cities that … [Read more...] about Cities are getting hotter, but we can redesign them to keep us cool
“We still have no power from the grid there,” Abdon Escalera, who works with the Boys and Girls Club, said on Friday. And on other parts of the island, like the capital of San Juan, where the organization has another building with a solar and battery system, the power is currently “coming and going,” he says. The earthquake damaged a power plant in the southern part of the island that is responsible for around a quarter of the electricity used in Puerto Rico; the head of Puerto Rico’s embattled electric power authority, PREPA, said that the power plant might be offline for as long as a year. After the quake on the 11th, PREPA had to close the island’s largest power plant again. “That’s probably going to mean rationing, or rolling blackouts, for the foreseeable future,” says Javier Rúa-Jovet, the policy director for Sunrun, a company that produces and installs solar microgrids. … [Read more...] about How have Puerto Rico’s new microgrids performed during its massive power outage?