Latest news with #SaketKumar
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Business Standard
3 days ago
- Business
- Business Standard
Govt targets 1K patents in critical minerals by 2031 under national mission
National Critical Mineral Mission to support innovation in exploration, processing, and recycling of key minerals to boost domestic tech and reduce import dependence Saket Kumar New Delhi The Indian government has set a target to support the filing of 1,000 patents in the critical minerals sector by 2030–31 as part of its National Critical Mineral Mission (NCMM), aiming to boost domestic innovation across the mineral value chain, the Ministry of Mines said in a statement on Friday. Approved by the Union Cabinet in January this year, the NCMM is focused on building self-reliance in critical minerals needed for green energy and strategic sectors. As part of this effort, the government has begun tracking and supporting patent activity in technologies linked to the exploration, extraction, processing and recycling of critical minerals. Sixty-two patent applications related to critical minerals were filed in May and June 2025, and 10 patents were granted during the same period. These include innovations involving lithium, nickel, titanium, tungsten and vanadium — minerals key to clean energy, electronics and strategic technologies. Examples of recent patents include technologies for sodium-ion batteries, tungsten–polymer composites, and metal oxide nanoparticles doped with rare earth elements like ytterbium.
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Business Standard
01-08-2025
- Business
- Business Standard
Ministry of coal awards 7 coal blocks in 12th round of commercial auction
Blocks expected to fetch Rs 720 crore in annual revenue, attract Rs 787.5 crore investment, and generate over 7,000 jobs, says Coal Ministry Saket Kumar New Delhi Listen to This Article The Centre has successfully auctioned seven non-coking coal blocks located in Jharkhand and Chhattisgarh under the 12th round of commercial coal mining, held between July 28 and July 31, 2025, the Coal Ministry said in a statement. The auctioned blocks include three fully explored and four partially explored coal blocks, with a combined geological reserve of approximately 1,761.49 million tonnes. The cumulative peak rated capacity (PRC) of these blocks is 5.25 million tonnes per annum, excluding the partially explored ones. The auctions witnessed 'intense competition,' recording an average revenue share of 26.70 per cent, which the Ministry said 'reflects sustained
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Business Standard
25-07-2025
- Business
- Business Standard
Govt may mandate public procurement of 25% sustainable green steel
Ashwini Kumar, economic advisor to the Ministry of Steel, confirmed that public procurement would play a key role in creating a market for low-emission steel premium Saket Kumar New Delhi Listen to This Article The government is finalising a green steel procurement mandate, with a potential 25 per cent target, even as it criticises the European Union's Carbon Border Adjustment Mechanism (CBAM) as a trade barrier that undermines ongoing India-EU free-trade agreement (FTA) talks. Ashwini Kumar, economic advisor to the Ministry of Steel, confirmed that public procurement would play a key role in creating a market for low-emission steel. He said the government was considering a mandate to ensure green steel is not edged out by cheaper, high-emission alternatives. 'We are working on that also. It's a tricky business. I don't know when we will
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Business Standard
03-07-2025
- Business
- Business Standard
Switch to green steel in India will take decades, say industry leaders
Industry leaders have called for a gradual, step-by-step transition to green steel, urging supportive government policies and a focus on reducing emissions as part of India's sustainable growth agenda Saket Kumar Listen to This Article While India's steel industry is gearing up to transition towards green steel, a full-scale switch will take decades, steel industry leaders and experts said on Thursday. Meanwhile, they called for supportive government policies and a move to reduce emissions. Speaking at the 14th India Minerals and Metals Forum held by the Indian Chamber of Commerce (ICC) in New Delhi, Jindal Stainless Managing Director Abhyuday Jindal said the transition has started. "The shift to green steel is a transition, and adopting low-emission processes in production is the right starting point," he said. The successful transitions in other countries were largely enabled
Time of India
19-06-2025
- Business
- Time of India
Why are savvy HNIs turning to ETFs during market dips?
Agencies Live Events Mumbai: Savvy mutual fund investors have been buying the dips using equity Exchange-traded Funds (ETFs). Data from ETIG shows that over the past year, trading activity in ETFs on the National Stock Exchange (NSE) has seen spurts on days the Nifty has fallen more than 1%."We've consistently observed that ETF volumes spike on days when the market or the underlying index falls," says Swarup Mohanty, vice-chairman & CEO, Mirae Asset Investment Managers (India).For instance, on April 7, when Nifty fell 3.24% amid tariff hikes and backlash from China, ETFs worth ₹5,810 crore were traded on NSE. This was more than double the previous five-day average of ₹2,766 crore. Similarly, on February 28, when the Nifty 50 declined 1.86%, ETFs worth ₹2,813 crore changed hands compared with the five-day average of ₹1,585 crore. ETFs are traded like stocks and returns mirror the moves of the underlying index like Nifty or Bank largely the more informed investors, such as family offices and the affluent that are implementing this investment strategy . "Several HNIs (high networth individuals), family offices and institutions use any volatility and intraday dips to buy ETFs," says Saket Kumar, co-founder, "ETFs carry lower risk than individual stocks, making them an attractive option."Mohanty adds that these investments during market dips are being made either for the long term or for short-term tactical purposes.'Buy the dips' is a strategy where investors take advantage of short-term market declines to buy stocks or ETFs at lower prices on the belief that the decline is find ETFs cheaper compared with index funds, which are bought and sold directly by the mutual funds . The Nifty ETF carries an expense ratio as low as 5 basis points with no recurring costs. In contrast, a Nifty 50 index fund (direct plan) could charge between 5 and 20 basis ability to buy and sell immediately is a key advantage that ETFs have over index funds, where investors must wait for the day-end net asset value (NAV)."There are no exit loads in ETFs, the expense ratio is low, and investors can buy or sell during market hours, which is attracting more investors to the product," says Arun Sundaresan, head - ETF, Nippon Life India Asset Management
