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Jio Platforms reports 13.7% rise in Q2 FY27 profit to Rs 8,387 crore in first results after listing

Jio Platforms Limited (JPL) on Friday reported a 13.7 per cent year-on-year (YoY) increase in consolidated net profit to Rs 8,387 crore for the second quarter of FY27, compared with Rs 7,375 crore in the corresponding quarter last year, in its first quarterly financial results announcement following its listing on the stock exchanges on October 28.

Sandisk Falls 9% Despite Earnings Beat, Raised Guidance and 8-for-1 Split; Western Digital Drops 8%, Seagate 7%, Micron 6%

Sandisk beat Wall Street estimates for Q1 revenue and EPS while announcing a buyback and an 8-for-1 stock split, yet its shares still fell 9%. The decline weighed on Western Digital, which dropped 8%, while Seagate slid 7% and Micron fell 6%.

Jio Q2 profit jumps 14% to Rs 8,389 crore; revenue up 11.4%

Revenue rose 11.4% year on year to Rs 40,475 crore. ARPU increased to Rs 218.8. The user base reached 542.4 million.

Proactive financial news

Coinbase shares drop 11% despite earnings beat as Binance hack weighs on crypto stocks

Third-quarter revenue was $1.22 billion, down 35% year over year. Earnings per share were $2.51, versus an expected loss of $0.06. A security incident at Binance weighed on crypto stocks.

Binance Suffers Record $6.3 Billion Crypto Hack, Bitcoin Price Plunges | Investor's Business Daily

Bitcoin and the crypto sector retreated to end the week after Binance suffers $6.3 billion hack, marking the largest digital asset exploit.

Gold Drops Rs 1,300, Silver Plunges Rs 8,300 to 11

Gold Drops Rs 1,300, Silver Plunges Rs 8,300 to 11-Month Low - New Delhi, October 30: Gold and silver prices witnessed a significant fall in the national capital's bullion market on ... Get Latest News on Business only on lokmattimes.com

Silver tumbles Rs 8,300 to 11-month low of Rs 1.90 lakh per kg

Silver fell by Rs 8,300 to Rs 1.90 lakh per kilogram, touching its lowest level in nearly 11 months. Gold also declined, dropping by Rs 1,300.

Keystone Will Destroy 18,835 Hardware Wallets | Authentication Key Theft

The breach exposed personal details from 25,964 customer records, while Keystone says users' bitcoin, recovery phrases and private keys remain safe.

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