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The government has appointed merchant bankers and legal advisors for minority stake sales in LIC and other public sector financial institutions, Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said on Friday.

Sebi chief Tuhin Kanta Pandey on Friday urged chartered accountants to develop the ability to detect anomalies early on, making it clear that forensic accounting should not be treated as a post-fraud tool only.

P C Jeweller Ltd on Friday reported a 4 per cent increase in its consolidated net profit to Rs 161.93 crore for the quarter ended June 2025.

Wall Street indices fell sharply Friday, with the Dow dropping 770 points amid weak U.S. payroll data, disappointing Amazon earnings, and President Trump s new import tariffs. The S&P 500 and Nasdaq also declined, while volatility surged 28%. Bond yields dropped sharply as markets priced in potential Fed rate cuts.

MCX reported its highest-ever quarterly revenue at ₹405.82 crore in Q1, up 60% YoY. Net profit surged 83% to ₹203.19 crore. The board approved a 1:5 stock split to boost affordability and participation.

ITC Ltd reported a slight dip in standalone net profit for Q1, but revenue surged by 19.7% driven by cigarettes, FMCG, and agri-businesses. The cigarette business saw revenue growth, while the FMCG sector was impacted by commodity prices. Agri-business revenue soared, offsetting a decline in the paperboards segment. Consolidated results showed strong performance across group companies.

Five BSE Consumer Discretionary stocks hit 52-week highs despite a market dip, signaling strong momentum. Gains ranged from 11–31% over the past month, suggesting bullish investor sentiment.

Aswath Damodaran warns that global equity risk premiums are rising due to the U.S. sovereign debt downgrade, prompting a reassessment of the traditional risk-free benchmark used in valuation models. For India, he pegs the equity risk premium at 7.46% after adjusting for country-specific risks, urging analysts to carefully align inflation expectations in valuations, especially in high-inflation economies.

Amazon.com shares fell about 7% on Friday as the tech giant s results fanned investor fears its cloud unit was falling behind Microsoft and Alphabet in the artificial intelligence race.