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Business

Sumeet Bagadia Recommends Top 5 Breakout Stocks Amid Market Pressure

Sumeet Bagadia, Executive Director at Choice Broking, recommends five breakout stocks: PVRINOX, JK Tyre, ICICIGI, Texmaco Rail, and Mishra Dhatu. Despite stronger domestic industrial output, Indian stock indices remain under pressure due to Brent crude nearing $105 per barrel and US 10-year bond yields around 5.25%. Elevated crude prices and high US yields pose inflation and rupee risks, affecting foreign portfolio flows and market recovery.

Mint Markets·2h ago

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Business

SUJÁN Acquires Zambia Safari Camps, Plans Portfolio Growth

Hospitality firm SUJÁN announced the acquisition of Chiawa Camp and Old Mondoro in Zambia from Chiawa Safaris, marking its first major international expansion. Located in Zambia’s Lower Zambezi National Park, the deal aligns with SUJÁN’s conservation values. Over four years, SUJÁN aims to more than double its portfolio through selective growth, maintaining its focus on authenticity and stewardship, said Co-Founder Anjali Singh.

Mint Companies·34m ago

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Business

Odisha to Receive ₹2.5 Lakh Crore Investment in AI and Data Centers

Odisha, once known mainly for mining and steel industries, is emerging as a technology hub. Recently, the state received 27 investment proposals focused on AI, data centers, and digital infrastructure. These proposals could bring an investment of around ₹2.5 lakh crore and create over 50,000 jobs, marking a significant shift towards tech-driven growth.

News18 Hindi·15m ago·Odisha

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Technology

Apple to Sell 6 Million iPhone Duo Units in 2024

Apple plans to sell around 6 million iPhone Duo units in 2024, according to Counterpoint Research's first sales estimate shared with Bloomberg. The iPhone Duo, priced at $1,999, will launch in October and targets the niche foldable device market. IDC predicts a 13% growth in foldable phone sales globally, reaching 22.9 million units. Apple's Duo is expected to boost this segment, which would otherwise decline.

Mint Companies·34m ago

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Business

US Crude Oil Output Rose in July; Demand Declined, EIA Reports

In July, US crude oil production increased to 13.95 million barrels per day, up from June. Despite this rise, demand for crude oil and petroleum products fell to 20.61 million barrels per day. Gross natural gas production reached 137.0 billion cubic feet per day, with Texas output rising to 40.1 billion cubic feet, while Pennsylvania saw a slight decline.

ET Markets·57m ago

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Politics

Residents Protest New Tasmac Outlet Location in Tiruvannamalai

Residents of Arattavadi village protested against relocating a Tasmac outlet from nearby Thanda village to their village. They blocked government officials, including the Tahsildar, from inspecting the proposed land. Revenue officials and police intervened, assuring residents that the outlet would not be relocated to the proposed site, after which the protest ended.

The Hindu·27m ago·Tiruvannamalai

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