water theme

  • Time for mutual funds to tap the water theme

    Last month, India’s IT city Bengaluru caught the attention of the nation due to its acute water shortage problem, as queues to procure water extended over many miles. As the scarcity was expansive, the Karnataka government even banned the use of drinking water for non-essential purposes — such as car washing, gardening, construction, water fountains and road construction and maintenance. The Bangalore Water Supply and Sewerage Board (BWSSB) had levied a fine of ₹5,000 for any violations of the order, in a bid to mitigate the situation.

    US Stocks Focus May 19, 2024