logo
School Assembly Headlines for August 6: Top national, international, sports and business updates

School Assembly Headlines for August 6: Top national, international, sports and business updates

Time of India7 days ago
As we start a new day of learning, let's pause to reflect on the important events shaping both our country and the world. The news for August 6, 2025, spans political updates, global affairs, sports milestones, and major economic developments—offering insights into our fast-changing world.
School Assembly Headlines for August 6: National news
India's Services PMI reaches an 11-month high in July due to strong export demand
Productivity Tool
Zero to Hero in Microsoft Excel: Complete Excel guide
By Metla Sudha Sekhar
View Program
Finance
Introduction to Technical Analysis & Candlestick Theory
By Dinesh Nagpal
View Program
Finance
Financial Literacy i e Lets Crack the Billionaire Code
By CA Rahul Gupta
View Program
Digital Marketing
Digital Marketing Masterclass by Neil Patel
By Neil Patel
View Program
Finance
Technical Analysis Demystified- A Complete Guide to Trading
By Kunal Patel
View Program
Productivity Tool
Excel Essentials to Expert: Your Complete Guide
By Study at home
View Program
Artificial Intelligence
AI For Business Professionals Batch 2
By Ansh Mehra
View Program
India's services sector grew at its fastest rate in 11 months this July, driven by a surge in new business, strong international demand, and increased output, according to a private survey released Tuesday.
India becomes the 5th largest aviation market in the world in 2024
India became the world's fifth-largest aviation market in 2024, managing 241 million passengers, with the Mumbai-Delhi route ranking among the busiest airport pairs, according to data from global airline group IATA.
4 dead, over 50 missing after cloudburst triggers flash flood in Uttarakhand
Live Events
At least four people lost their lives and over 50 remain missing after a powerful cloudburst triggered a massive flash flood in Dharali village, Uttarkashi, around 4 km from the Indian Army camp in Harsil. The incident occurred around 1:45 pm on Tuesday, severing all road links to the sacred Gangotri Dham.
School Assembly Headlines for August 6: International news
Trump again threatens India with harsh tariffs over Russian oil purchases
U.S. President Donald Trump renewed his threat on Monday to impose steep tariffs on Indian goods in response to India's continued oil imports from Russia. New Delhi dismissed the warning as 'unjustified' and pledged to safeguard its economic interests, further escalating tensions in the ongoing trade dispute between the two nations.
Trump says likely to announce tariff hike for India within 24 hours
Days after imposing a blanket 25% tariff on all Indian imports, US President Donald Trump signaled a sharp escalation in his trade stance against New Delhi, saying the tariff rate is likely to be raised "substantially" within the next 24 hours.
School Assembly Headlines for August 6: Sports news
Novak Djokovic withdraws from the Cincinnati Open
Novak Djokovic withdrew from the Cincinnati Open on Monday due to a 'non-medical' reason, meaning he'll enter the U.S. Open without having played a match in nearly six weeks.
Bengaluru FC suspends salaries, including Sunil Chhetri's, amid ISL deadlock; AIFF to meet clubs on Aug 7
Bengaluru FC, one of India's most recognised football clubs, has suspended salaries for all first-team players and support staff with immediate effect. The announcement was made on Monday, 4 August, through the club's official channels.
School Assembly Headlines for August 6: Business news
Thousands of Boeing workers who build fighter jets go on strike
Saying "enough is enough," thousands of workers at three Boeing manufacturing plants went on strike overnight less than a year after the company boosted wages to end a separate, 53-day strike by 33,000 aircraft workers.
School Assembly Headlines for August 6: Thought of the Day
"Success is the sum of small efforts, repeated day in and day out." – Robert Collier.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Atomic Capital closes ₹400 cr maiden fund, to invest in startups over 3 yrs
Atomic Capital closes ₹400 cr maiden fund, to invest in startups over 3 yrs

Business Standard

time10 minutes ago

  • Business Standard

Atomic Capital closes ₹400 cr maiden fund, to invest in startups over 3 yrs

Venture Capital firm Atomic Capital on Tuesday announced the final closure of its ₹400 crore maiden fund, which it plans to invest in early-stage consumer startups over the next 2-3 years. With an average first cheque size of ₹10 to 30 crore, the fund aims to build a curated portfolio of 10-12 companies, with a portion of the corpus reserved for follow-on investments, a company statement said. "Early growth investment fund Atomic Capital has announced the final close of its maiden fund with a corpus of over Rs 400 crore, focused on early growth-stage Indian consumer, consumer-tech, and consumer-enabler startups. "This is one of the largest debut funds dedicated to fuelling India's next wave of consumer growth," the statement said. The fund would be investing in early growth stage Indian consumer, consumer-tech, and consumer-enabler startups in sectors spanning food and beverages, nutraceuticals, personal care and beauty, jewellery, apparel and footwear, pet care, travel and accessories, electronics accessories, home furnishing, logistics, financial services, e-Commerce SaaS, omnichannel infrastructure and manufacturing. The first close of the fund was reached at ₹155 crore in 2024. Atomic Capital has already invested a total of ₹50 crore in four companies. "Our focus is on capital-efficient businesses addressing large and expanding markets. Over the next 2-3 years, we plan to deploy both initial and follow-on capital, aligned with our overall fund timeline of eight years. We are currently evaluating over 20 companies and have already issued a term sheet for our fifth investment," Atomic Capital, founder and managing partner, Apoorv Gautam said.

BIS exemption granted to 202 foreign manufacturers: Steel Ministry
BIS exemption granted to 202 foreign manufacturers: Steel Ministry

Business Standard

time10 minutes ago

  • Business Standard

BIS exemption granted to 202 foreign manufacturers: Steel Ministry

The steel ministry said these exemptions are an ongoing process, and more licences may be exempted as requests are received New Delhi A total of 202 BIS (Bureau of Indian Standards) licences are now exempted in the Steel Import Monitoring System (SIMS) portal from the mandatory input-steel requirement for final products supplied by Integrated Steel Plants (ISPs), according to an official release by the Ministry of Steel. In its August 8 statement, the steel ministry said these licences were exempted based on declarations submitted by the concerned parties. The ministry further added that these exemptions are an ongoing process, and more licences may be exempted as requests are received. 72 foreign manufacturers exempted The exemption covers a total of 72 foreign manufacturers from 16 countries, including Japan, South Korea, Austria, Germany, Italy, France, the Netherlands, Russia, and the US. With over 80 licences, Japan leads the list. Of the total, 43 exemptions were for Japan's Nippon Steel Corporation. Japan was followed by South Korea with more than 50 licences. The move offers short-term relief to the industry, enabling foreign manufacturers to keep supplying steel to Indian ISPs without taking on extra compliance requirements under the SIMS framework. Quality control norms In an official release on June 13, the steel ministry said the manufacturers must use only those steel input materials that meet specific BIS specifications when producing certain finished steel products. The move was aimed at ensuring that the final product aligns with quality standards. The exemptions will facilitate the smooth flow of steel imports, particularly for ISPs and foreign manufacturers supplying steel to India.

Motilal Oswal sees this multibagger AMC stock rising 15% to fresh record high. Should you buy?
Motilal Oswal sees this multibagger AMC stock rising 15% to fresh record high. Should you buy?

Mint

time10 minutes ago

  • Mint

Motilal Oswal sees this multibagger AMC stock rising 15% to fresh record high. Should you buy?

Domestic brokerage firm Motilal Oswal, in its latest note, has maintained an optimistic outlook on Nippon Life India AMC, keeping its buy rating unchanged with a target price of ₹ 930 apiece, a record target for the stock. The target price also indicates an 15.4% upside for the stock. The brokerage highlighted the company's rapid growth in the domestic mutual fund industry, with expanding market share supported by consistent net inflows, strong SIP traction, and a healthy equity mix. According to Motilal, the company has delivered the fastest Quarterly Average Assets Under Management (QAAUM) growth in the industry, rising 27% YoY to ₹ 6.1 trillion as of June 2025. This growth has lifted the company's overall market share to 8.5%, an increase of 23 basis points. Its SIP AUM rose 27% YoY to ₹ 1.5 trillion, with 75% of SIPs below ₹ 10,000, a structure that ensures stability and high retention. The brokerage noted that NAM remains one of the largest ETF players, with an AUM of ₹ 1.7 trillion, accounting for 52% of industry folios and 51% of ETF volumes on the BSE and NSE. As of June 2025, NAM's Gold ETF ranked among the world's top 10 by AUM. Motilal also underscored the company's progress in scaling its alternatives and offshore businesses, with ₹ 81 billion in AIF commitments and ₹ 166 billion in offshore AUM. The brokerage believes these segments will serve as incremental growth levers beyond the core mutual fund franchise, gaining increasing traction from institutional and global investors. 'NAM is strategically scaling its Specialized Investment Fund (SIF) platform as a high-potential standalone business focused on differentiated, alpha-generating strategies. Backed by a dedicated team and strong management commitment, the SIF vertical is being positioned as a key long-term growth engine,' said the brokerage. It also pointed out that the company's mutual fund segment performance reflects its focused strategy on scaling retail participation, driving product innovation, and enhancing operational efficiency, positioning it as a credible compounding franchise in the Indian asset management industry. The company's shares have been on a steady uptrend, ending the past four months in the green. Even in July, they managed to close higher despite a sharp sell-off in the broader market, while also hitting a fresh all-time high of ₹ 877.65. This rally has driven a 255% gain from the March 2023 lows. During this period, the stock finished 80% of the months in positive territory, with its strongest month recorded in April 2025, a 25% gain. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store