Latest news with #Mahawar
Time Business News
05-07-2025
- Business
- Time Business News
Indo-Nepal Relations Ever-Expanding, Says Senior Indian Official
Kathmandu- The relationship between India and Nepal continues to grow stronger and more dynamic, described as 'ever-expanding' Additional Secretary (Northern Division) of India's Ministry of External Affairs. Addressing Nepali and Bhutanese journalists in New Delhi, Mahawar emphasized the special nature of Indo-Nepal ties, which are rooted in shared history, culture, and deep people-to-people connections. Highlighting the enduring friendship, Mahawar noted that the two nations have maintained frequent high-level engagements, with 17 exchanges at the head-of-state or head-of-government level since May 2014. These diplomatic interactions underscore the commitment of both countries to nurturing closer cooperation in every sphere, from infrastructure to energy to people-centric development. One of the key pillars of this ever-growing relationship is the remarkable progress in connectivity infrastructure. Projects such as the Motihari–Amlekhgunj petroleum pipeline, new railway links like Jayanagar–Bijalpura–Bardibas, and multiple Integrated Check Posts (ICPs) at Birgunj, Nepalgunj, and Bhairahawa are transforming the physical connectivity between the two countries. These developments are fostering trade, tourism, and cross-border mobility, bringing direct benefits to the people of Nepal. Another significant area of cooperation is energy collaboration, where Nepal has made notable strides in hydropower development. Mahawar highlighted India's support in hydropower projects like the 480 MW Phukot Karnali and 669 MW Lower Arun, which will enhance Nepal's energy capacity while promoting clean energy trade in the region. India has also facilitated Nepal's electricity exports to Bangladesh, reflecting trilateral cooperation. In addition to physical and energy connectivity, digital financial integration has emerged as a new frontier in Indo-Nepal ties. Since March 2024, UPI payments have been accepted in Nepal through interoperability with FonePay, making transactions seamless for Indian visitors. Further agreements are being pursued to simplify cross-border remittances, benefitting Nepali workers in India. Mahawar also stressed the institutional depth of the relationship, noting that more than 40 bilateral mechanisms are operational between India and Nepal. These cover a wide range of issues including border management, economic cooperation, cultural exchange, and development projects. While the long-pending Eminent Persons' Group (EPG) Report awaits formal acceptance, the overall diplomatic engagement remains vibrant and constructive. Concluding his remarks, Mahawar reaffirmed India's strong support for Nepal's development journey through financial assistance, infrastructure development, and cultural partnerships. As both nations continue to build on their historical ties with renewed cooperation in emerging sectors, Indo-Nepal relations are poised to reach new heights in the years ahead. TIME BUSINESS NEWS
Business Insider
01-06-2025
- Business
- Business Insider
Cummins India Limited (CUMMINSIND) Gets a Sell from UBS
UBS analyst Amit Mahawar maintained a Sell rating on Cummins India Limited (CUMMINSIND – Research Report) on May 29 and set a price target of INR2,740.00. The company's shares closed last Friday at INR3,268.10. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Mahawar is a 2-star analyst with an average return of 8.2% and a 75.00% success rate. Currently, the analyst consensus on Cummins India Limited is a Moderate Sell with an average price target of INR2,510.00, a -23.20% downside from current levels. In a report released yesterday, Jefferies also maintained a Sell rating on the stock with a INR2,405.00 price target. Based on Cummins India Limited's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of INR23.16 billion and a net profit of INR4.63 billion. In comparison, last year the company earned a revenue of INR21.85 billion and had a net profit of INR3.54 billion
The Hindu
27-05-2025
- Politics
- The Hindu
Creating chaos may lead to removal from House panel hearings: Speaker
Assembly Speaker Vijender Gupta on Tuesday said that any member indulging in violent or disruptive behaviour aimed at derailing the proceedings of House committees could be removed from that sitting. The statement came in response to a letter from Bharatiya Janata Party (BJP) MLA Ajay Mahawar, Chairman of the Public Accounts Committee (PAC), who accused members of the Aam Aadmi Party (AAP) of disrupting a committee meeting where the Comptroller and Auditor General (CAG) reports were under discussion. The CAG reports tabled in the Assembly have been referred to the PAC for examination. The controversy follows the tabling of eight of the 14 pending CAG reports, some critical of the previous AAP government. Mr. Mahawar's letter, dated May 26, alleged that during the PAC's introductory sitting on May 22, Leader of the Opposition (LoP) Atishi, along with two other AAP MLAs — Kuldeep Kumar and Virender Singh — 'vociferously objected' to the committee's authority to 'examine the CAG reports'. He claimed Ms. Atishi cited the Government of NCT of Delhi (Amendment) (GNCTD) Act, 2021, asserting that it stripped the Assembly and its committees of powers to 'examine matters of day-to-day administration'. Despite repeated requests to allow the proceedings, the AAP MLAs continued to object, Mr. Mahawar claimed, adding that the proceedings resumed only after assuring the Opposition party members that their concerns would be conveyed to the Speaker. PAC power upheld Responding to AAP leaders' claim, Speaker Gupta clarified that PAC's role in examining CAG reports remains unaffected by the 2021 amendment to the GNCTD Act. He affirmed that committee chairpersons have inherent powers to maintain order and can direct disruptive members to withdraw from the proceedings. 'Any members indulging in violent or disruptive behaviour and creating utter chaos may be asked to withdraw [from the proceedings]. If the member refuses to do so, he may be removed from that sitting,' the Speaker said. 'This is outrageous. We are now being told that if we raise questions in a committee, we'll be thrown out,' the LoP said.
