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IIT (ISM) Dhanbad in close collaboration with its Research Park recognised as Centre of Excellence under National Critical Mineral Mission

IIT (ISM) Dhanbad in close collaboration with its Research Park recognised as Centre of Excellence under National Critical Mineral Mission

Economic Times6 days ago
TEXMiN, housed within IIT(ISM) Dhanbad, serves as the translational backbone of this initiative, enabling technology readiness and real-world implementation of research outcomes.
The Indian Institute of Technology (Indian School of Mines), Dhanbad, announces its recognition as one of the seven Centres of Excellence (CoEs) under the prestigious National Critical Mineral Mission (NCMM), launched by the Ministry of Mines, Government of India. This recognition marks a significant milestone in India's journey toward strengthening its scientific, technological, and industrial capabilities in the critical minerals sector.
The recognition has been made possible through IIT(ISM) Dhanbad's close partnership with its Technology Translation Research Park, TEXMiN (Technology Innovation in Exploration & Mining Foundation, supported by the Department of Science and Technology, Government of India), and a consortium of leading academic institutions, industry players, and innovation partners, both from India and abroad. Together, they have collaboratively built a strong proposal and vision aligned with NCMM's objective of achieving self-reliance across the critical minerals value chain.
Operating in a Hub-and-Spoke model, the Centre of Excellence at IIT(ISM) Dhanbad brings together a dynamic mix of international and national partners. Global academic collaborators include Curtin University (Australia), University of Cambridge (UK), and Federal University of Rio de Janeiro (Brazil), while Indian academic partners include IIT (BHU) Varanasi and IIT Gandhinagar. Innovation and startup partners such as Novasensa, a clean energy and circular economy startup, and the Centre for Process Innovation Limited (CPI), UK, have also joined forces to contribute to cutting-edge, deployable technologies. Industry partners like Hindustan Copper Limited, MOIL Ltd, MMPL, and a few other alliance partners bring critical field expertise, infrastructure, and co-investment, enabling real-world validation and accelerated translation of CRM technologies from lab to market.TEXMiN, housed within IIT(ISM) Dhanbad, serves as the translational backbone of this initiative, enabling technology readiness and real-world implementation of research outcomes. The CoE's projects are directly aligned with NCMM's vision, focusing on AI/ML-based mineral exploration, core sample digitization, real-time traceability of CRM (Critical and Strategic Minerals), and beneficiation and recycling solutions. This research will be instrumental in building secure and resilient mineral supply chains critical to clean energy, e-mobility, electronics, and strategic sectors such as defence and space.Sukumar Mishra, Director of IIT(ISM) Dhanbad and Chairman of the Governing Board, TEXMiN, said in a statement, 'We are proud to be recognized as a Centre of Excellence under NCMM. This achievement marks a pivotal moment for IIT(ISM), TEXMiN, and our incredible partners as we work toward making India self-reliant in critical mineral technologies and value chains. Through deep academic, industrial, and translational partnerships, we aim to lead impactful research, innovation, and deployment in this strategic sector.'
Dheeraj Kumar, Deputy Director of IIT(ISM) Dhanbad and Project Director of TEXMiN, added, 'TEXMiN is honoured to serve as the translational backbone of this CoE. Our focus will be on moonshot projects across AI/ML-enabled exploration, rock core digitization, CRM traceability dashboards, and pilot plant beneficiation of strategic minerals. This CoE will be a catalyst for India's mineral technology revolution.'
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Trump-Putin talk, GST reform and FII action among 9 factors to impact stock markets this week
Trump-Putin talk, GST reform and FII action among 9 factors to impact stock markets this week

Time of India

time26 minutes ago

  • Time of India

Trump-Putin talk, GST reform and FII action among 9 factors to impact stock markets this week

Indian benchmark indices finally ended their six-week losing spree to end 1% higher every week. A host of important domestic and global events scheduled for the week are likely to impact stock markets when they resume trading on Monday. On Thursday, Nifty closed 11.95 points or 0.05% higher to end the day at 24,631.30. The markets were closed on Friday on account of Independence Day. Commenting on the current trends Nilesh Jain, Head – Technical and Derivatives Research Analyst (Equity Research) at Centrum Broking said that markets staged a strong rebound as the Nifty index ended its six-week losing streak and formed a bullish candle on the weekly chart. The index reclaimed its 100-DMA at 24,560, which will now serve as an immediate support, he said. "Over the past month, the Nifty has struggled to cross its short-term 21-DMA at 24,770. A decisive move above this level is crucial to unlock further upside towards 25,000. The RSI has turned higher to 44, indicating improving momentum, while the MACD remains below the zero line. Although sentiment has improved, a clear confirmation of a trend reversal is still awaited." Factors that are likely to impact movement when markets reopen this week: 1. Trump-Putin talk The understanding reached between US President Donald Trump and Russian President Vladimir Putin on the Ukraine issue on Friday is expected to lift market sentiment when trading resumes on Monday. Although the two leaders stopped short of striking a deal to end the war, Putin said they had arrived at an 'understanding.' Their nearly three-hour meeting in Alaska did not produce a ceasefire, but Trump described it as a 'very good meeting,' while cautioning that 'there's no deal until there is a deal. Read more – Explained: How Nifty, Sensex may react to Trump-Putin talks and Modi's GST tax reform on Monday? 2. GST reform Prime Minister Narendra Modi's Independence Day announcement of major Goods and Services Tax (GST) reforms this Diwali could boost investor sentiment, opine experts. Speaking from the Red Fort on Independence Day, Modi on Friday announced rate cuts to be rolled out by Diwali in the GST 2.0. The PM said GST rates will be lowered on everyday-use goods as part of reforms to the eight-year-old tax regime. 3. US markets The action on Wall Street will give cues to the global markets including India. Wall Street's two major indices finished with declines while the Dow managed to remain afloat in the green. A mixed US economic data led to the souring in sentiments. While the US retail sales climbed 0.5% in July from June, the Federal Reserve's index for industrial production edged down The Dow 30 ended the session at 44,946.10, gaining 34.86 points or 0.08% while S&P 500 settled at 6,449.80, down by 18.74 points or 0.29%. The Nasdaq Composite closed at 21,623, falling by 87.69 points 0.40%. 4. Corporate Action Just about 100 companies have corporate actions lined-up this week with record dates for dividends, rights issue, stock split and bonus shares for more than 100 companies over the five-day trading week. The companies which will have record dates for the purpose of dividend are JK Paper, Jammu & Kashmir Bank, Natco Pharma, Power Grid Corporation of India, Senco Gold, Coal India, Hindustan Aeronautics (HAL), Rail Vikas Nigam (RVNL), Federal Bank, Godfrey Phillips India and Indian Railway Catering and Tourism Corporation (IRCTC). Algoquant Fintech's record date will be for the purpose of stock split, Josts Engineering Company for rights issue and Bemco Hydraulics for bonus issue. 5. IPO watch It will be an IPO heavy week as 5 mainboard issues and one SME issue will hit the Indian primary markets. In the mainboard category, Patel Retail, Vikram Solar, Gem Aromatics, Shreeji Shipping Global and Mangal Electrical Industries will launch their public issues. In the SME segment, Studio LSD will launch its IPO and the stock will get listed on the NSE Emerge platform. Also Read: Vikram Solar, 5 other IPOs to open next week. Here's what GMPs suggest 6. FII / DII Action Market actions will rely on how foreign institutional investors (FIIs) behave. Foreign Institutional Investors (FIIs) sold shares worth Rs 10,173 crore last week. On Friday, FIIs outflows stood at Rs 1,926.8 while the domestic institutional investors were net buyers at Rs 3,896 crore. In 2025 so far, FIIs have sold shares worth Rs 1,16,617 crore. lso Read: FIIs sell Indian equities worth Rs 20,975 crore in August so far. Can Trump-Putin's Ukraine 'understanding' reverse trends? 7. Technical Factors Santosh Meena, Head of Research at Swastika Investmart said that the extreme oversold conditions and supportive global cues lifted investor sentiment though momentum remained muted due to persistent foreign outflows. Broader markets staged a recovery across sectors, led by pharma and auto stocks, though FMCG lagged, he added. From a technical standpoint, the Nifty has established a strong base at the 24,350 level, forming a bullish engulfing candlestick pattern on the weekly chart, Meena said. "The immediate resistance lies at the 20 and 50-day moving averages (DMAs) clustered around 24,700-24,800. A decisive break above this level could trigger a short-covering rally towards 24,950, 25,080, and 25,225. Immediate support is at the 100-DMA of 24,575, with the crucial support level remaining at 24,350," he added. 8. Rupee Vs Dollar The rupee closed at 87.5500 against the U.S. dollar, softer than Wednesday's close of 87.4400, navigating a choppy session that saw it swing between 87.39 and 87.67. The currency unit touched 87.8850 last week after Trump's tariffs salvo, with the Reserve Bank of India stepping in to prevent the rupee from breaching the all-time low of 87.95 - a level bankers believe the central bank will continue to defend. "In the shorter term, we may see some relief on the ratings upgrade, but the rupee is still not out of the woods as trade uncertainties persist and broad economic indicators are still weak," said Dilip Parmar, currency analyst at HDFC Securities. 9. Crude Oil Crude oil prices cooled on Friday in light of the Trump-Putin meeting. Moreover, quoting analysts Reuters reported that premiums for prompt benchmark oil prices globally are falling compared with those in future months on rising output from the Middle East, Latin America and Europe, just as peak summer demand ends. The US WTI oil contracts ended at $63.14, down by $0.82 or 1.28% while Brent oil futures were hovering near $65.85, higher by $0.71 or 1.06%. (Inputs from agencies)

Trump-Putin talk, GST reform and FII action among 9 factors to impact stock markets this week
Trump-Putin talk, GST reform and FII action among 9 factors to impact stock markets this week

Economic Times

time39 minutes ago

  • Economic Times

Trump-Putin talk, GST reform and FII action among 9 factors to impact stock markets this week

Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads 3. US markets 4. Corporate Action Tired of too many ads? Remove Ads 5. IPO watch 6. FII / DII Action 7. Technical Factors 8. Rupee Vs Dollar 9. Crude Oil Indian benchmark indices finally ended their six-week losing spree to end 1% higher every week. A host of important domestic and global events scheduled for the week are likely to impact stock markets when they resume trading on Thursday, Nifty closed 11.95 points or 0.05% higher to end the day at 24,631.30. The markets were closed on Friday on account of Independence on the current trends Nilesh Jain, Head – Technical and Derivatives Research Analyst (Equity Research) at Centrum Broking said that markets staged a strong rebound as the Nifty index ended its six-week losing streak and formed a bullish candle on the weekly chart. The index reclaimed its 100-DMA at 24,560, which will now serve as an immediate support, he said."Over the past month, the Nifty has struggled to cross its short-term 21-DMA at 24,770. A decisive move above this level is crucial to unlock further upside towards 25,000. The RSI has turned higher to 44, indicating improving momentum, while the MACD remains below the zero line. Although sentiment has improved, a clear confirmation of a trend reversal is still awaited."Factors that are likely to impact movement when markets reopen this week:The understanding reached between US President Donald Trump and Russian President Vladimir Putin on the Ukraine issue on Friday is expected to lift market sentiment when trading resumes on Monday. Although the two leaders stopped short of striking a deal to end the war, Putin said they had arrived at an 'understanding.' Their nearly three-hour meeting in Alaska did not produce a ceasefire, but Trump described it as a 'very good meeting,' while cautioning that 'there's no deal until there is a more – Explained: How Nifty, Sensex may react to Trump-Putin talks and Modi's GST tax reform on Monday? Prime Minister Narendra Modi's Independence Day announcement of major Goods and Services Tax (GST) reforms this Diwali could boost investor sentiment, opine experts. Speaking from the Red Fort on Independence Day, Modi on Friday announced rate cuts to be rolled out by Diwali in the GST 2.0. The PM said GST rates will be lowered on everyday-use goods as part of reforms to the eight-year-old tax action on Wall Street will give cues to the global markets including India. Wall Street's two major indices finished with declines while the Dow managed to remain afloat in the green. A mixed US economic data led to the souring in sentiments. While the US retail sales climbed 0.5% in July from June, the Federal Reserve's index for industrial production edged downThe Dow 30 ended the session at 44,946.10, gaining 34.86 points or 0.08% while S&P 500 settled at 6,449.80, down by 18.74 points or 0.29%. The Nasdaq Composite closed at 21,623, falling by 87.69 points 0.40%.Just about 100 companies have corporate actions lined-up this week with record dates for dividends, rights issue, stock split and bonus shares for more than 100 companies over the five-day trading companies which will have record dates for the purpose of dividend are JK Paper, Jammu & Kashmir Bank, Natco Pharma, Power Grid Corporation of India, Senco Gold, Coal India, Hindustan Aeronautics (HAL), Rail Vikas Nigam (RVNL), Federal Bank, Godfrey Phillips India and Indian Railway Catering and Tourism Corporation (IRCTC).Algoquant Fintech's record date will be for the purpose of stock split, Josts Engineering Company for rights issue and Bemco Hydraulics for bonus will be an IPO heavy week as 5 mainboard issues and one SME issue will hit the Indian primary markets. In the mainboard category, Patel Retail, Vikram Solar, Gem Aromatics, Shreeji Shipping Global and Mangal Electrical Industries will launch their public the SME segment, Studio LSD will launch its IPO and the stock will get listed on the NSE Emerge Read: Vikram Solar, 5 other IPOs to open next week. Here's what GMPs suggest Market actions will rely on how foreign institutional investors (FIIs) behave. Foreign Institutional Investors (FIIs) sold shares worth Rs 10,173 crore last week. On Friday, FIIs outflows stood at Rs 1,926.8 while the domestic institutional investors were net buyers at Rs 3,896 2025 so far, FIIs have sold shares worth Rs 1,16,617 Read: FIIs sell Indian equities worth Rs 20,975 crore in August so far. Can Trump-Putin's Ukraine 'understanding' reverse trends? Santosh Meena, Head of Research at Swastika Investmart said that the extreme oversold conditions and supportive global cues lifted investor sentiment though momentum remained muted due to persistent foreign outflows. Broader markets staged a recovery across sectors, led by pharma and auto stocks, though FMCG lagged, he a technical standpoint, the Nifty has established a strong base at the 24,350 level, forming a bullish engulfing candlestick pattern on the weekly chart, Meena said. "The immediate resistance lies at the 20 and 50-day moving averages (DMAs) clustered around 24,700-24,800. A decisive break above this level could trigger a short-covering rally towards 24,950, 25,080, and 25,225. Immediate support is at the 100-DMA of 24,575, with the crucial support level remaining at 24,350," he rupee closed at 87.5500 against the U.S. dollar, softer than Wednesday's close of 87.4400, navigating a choppy session that saw it swing between 87.39 and 87.67. The currency unit touched 87.8850 last week after Trump's tariffs salvo, with the Reserve Bank of India stepping in to prevent the rupee from breaching the all-time low of 87.95 - a level bankers believe the central bank will continue to defend."In the shorter term, we may see some relief on the ratings upgrade, but the rupee is still not out of the woods as trade uncertainties persist and broad economic indicators are still weak," said Dilip Parmar, currency analyst at HDFC oil prices cooled on Friday in light of the Trump-Putin meeting. Moreover, quoting analysts Reuters reported that premiums for prompt benchmark oil prices globally are falling compared with those in future months on rising output from the Middle East, Latin America and Europe, just as peak summer demand US WTI oil contracts ended at $63.14, down by $0.82 or 1.28% while Brent oil futures were hovering near $65.85, higher by $0.71 or 1.06%.(Inputs from agencies)(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

China continues arming Pakistan, gives another Hangar-class submarine; second since March
China continues arming Pakistan, gives another Hangar-class submarine; second since March

First Post

time41 minutes ago

  • First Post

China continues arming Pakistan, gives another Hangar-class submarine; second since March

Amid the brewing tensions in the Indian subcontinent, reports are emerging that China has delivered the third of the eight new 'advanced' Hangor-class submarines to Pakistan Amid the brewing tensions in the Indian subcontinent, reports are emerging that China has delivered the third of the eight new 'advanced' Hangor-class submarines to Pakistan. With these deliveries, China has been aiming to upgrade Islamabad's naval strength to support its growing presence in the Indian Ocean, India's backyard. According to the Chinese state-run Global Times, the launching ceremony of the third Hangor-class submarine was held in Wuhan, Central China's Hubei province, on Thursday. It is pertinent to note that the second of the eight submarines China is building for Pakistan was handed over to the country in March this year. STORY CONTINUES BELOW THIS AD Additionally, China has supplied four modern naval frigates to Pakistan in the last few years. The deliveries from China are coming at a time when Beijing is aiming for a steady expansion in the Arabian Sea, where it is developing the Gwadar port in Balochistan, as well as in the Indian Ocean. Pakistan lauds the move While speaking at the launch ceremony of the third submarine, Pakistan's Deputy Chief of Naval Staff Project-2 Vice Admiral Abdul Samad said the Hangor-class submarine's cutting-edge weaponry and advanced sensors would be instrumental in sustaining regional power equilibrium and ensuring maritime stability. According to a recent report released by the Stockholm International Peace Research Institute (SIPRI), China supplied over 81 per cent of Pakistan's military hardware. Some of Pakistan's main orders in the past five years include the country's first spy ship, the Rizwan; more than 600 VT-4 battle tanks, and 36 J-10CE 4.5-generation fighters. China delivered the first of the multi-role J-10CE fighter jets to the Pakistan Air Force in 2022, adding to its JF-17 fighters jointly manufactured by both countries. Zhang Junshe, a Chinese military affairs expert, told The Global Times that the Hangor-class submarine is characterised by its strong underwater combat capabilities, including comprehensive sensor systems, excellent stealth characteristics, high mobility, long endurance and formidable firepower. New Delhi will be looking at these deliveries closely since it is coming weeks after India and Pakistan engaged in a 4-day military escalation. STORY CONTINUES BELOW THIS AD With inputs from PTI.

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