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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Rajiv Mittal’s water tech company is betting on renewed interest in the desalination business taking it to the elusive €1 billion revenue mark and retaining investor faith.
Rajiv Mittal’s quest to make billions from the prospect of increasingly severe water crises around the world is finding takers once again.
Shares of his firm, VA Tech Wabag, have shot up 127% in the past year and are hovering close to their all-time high from back in March 2015. Four brokerages covering the stock have a “buy” recommendation, citing its “strong long-term outlook”.
Now, this euphoria is not new to Wabag. In 2014-15, the stock of India's largest water infrastructure company witnessed an almost 4x jump as investors bought into the idea that there’s big money to be made …
The markets regulator has taken little by way of decisive action, with industry resistance and its own wait-and-watch approach getting in the way.
Falling revenue, mounting losses and stalled business lines make it increasingly hard for the payments bank to fund a costly lending buildout.
The region seems to be hyper-focused on boosting investor confidence in different markets; PIF’s new loan.
