Business
Gold prices continue downward trend in Pakistan – SUCH TV

The price of 24-karat gold per tola dropped by Rs1,400 on Monday, settling at Rs444,900 compared to Rs446,300 on the previous trading day, according to data released by the All Pakistan Sarafa Gems and Jewellers Association.
Similarly, the rate of 10 grams of 24-karat gold fell by Rs1,200, reaching Rs381,430 from Rs382,630, while 10 grams of 22-karat gold slipped by Rs1,100 to Rs349,656 from Rs350,756.
In the global market, gold prices also saw a dip of $17, bringing the price down to $4,235 per ounce from $4,252.
Meanwhile, silver prices followed suit as the per-tola rate of 24-karat silver decreased by Rs12 to Rs5,261, while the price of 10 grams of silver dropped by Rs10 to Rs4,510.
International silver prices also fell by $0.26, reaching $51.60 per ounce, the association reported.
Business
Pizza Hut to close 68 UK restaurants

Charlotte EdwardsBusiness reporter, BBC News

Pizza Hut is to close 68 restaurants and 11 delivery sites in the UK with the loss of 1,210 jobs, after the firm running them fell into administration.
DC London Pie Limited, which operates Pizza Hut’s UK restaurants, appointed FTI Consulting as administrators on Monday.
However, Pizza Hut’s global owner Yum! Brands has agreed to save 64 restaurants, preserving 1,276 jobs.
Pizza Hut is well known for its family-friendly dining and salad bar, but its UK business has been struggling and had previously gone into administration less than a year ago.
DC London Pie had bought Pizza Hut UK’s restaurants from insolvency in January this year. The company also owns Pizza Hut franchises in Sweden and Denmark.
A spokesperson for Pizza Hut UK said: “We are pleased to secure the continuation of 64 sites to safeguard our guest experience and protect the associated jobs.”
Nicolas Burquier, managing director for Pizza Hut Europe and Canada, said: “This targeted acquisition aims to safeguard our guest experience and protect jobs where possible.”
He added that the immediate priority for Pizza Hut was “operational continuity at the acquired locations and supporting colleagues through the transition”.
Zoe Adjay, a senior lecturer in hospitality at the University of East London, said Pizza Hut had been “at the forefront of bringing fast food into the UK” in the 1970s, but had struggled to remain relevant amid increased competition.
“The pizza market has become a lot more upmarket,” she said. “There’s a lot more high-end pizza and they’ve taken a huge market share.”
Ms Adjay added that Pizza Hut had also failed to establish itself on social media in the same way as some of its competitors.
Increased operating costs and “ongoing consumer caution” will likely have contributed to Pizza Hut’s challenges, according to Danni Hewson, head of financial analysis at AJ Bell.
“DC London Pie had rescued Pizza Hut’s UK operations from insolvency less than a year ago, but making a success of a big-name casual dining businesses is a tough job.
“Taking back the brand looks a smart move by Yum! Brands as it has decades of data about how pizza lovers like to consume and exactly what factors need to coalesce to make a location a success.”
Business
Explained: India launches e-Arrival Cards for foreign travellers — how it works & how to apply – The Times of India

The government has rolled out a new digital system for foreign nationals entering India. Beginning October 1, 2025, travellers can now submit an electronic arrival form instead of the traditional paper card. The initiative aims to simplify entry formalities, improve efficiency at airports, and enhance data accuracy. As per ET, the e-arrival card is part of the government’s broader efforts to digitise immigration procedures and make travel to India smoother for international visitors.
How to apply for the e-Arrival Card
According to ET, the e-arrival card can be filled and submitted online through three official platforms — the Indian visa website (https://indianvisaonline.gov.in/), the Bureau of Immigration website (http://boi.gov.in), or the Su-Swagatam mobile app. Travellers can complete the process up to 72 hours before their scheduled journey to India.
What happens to the paper form?
The government has announced that the paper arrival form will continue to be accepted for the next six months. However, as per information shared on the US Embassy’s website, foreign travellers are encouraged to opt for the e-arrival option for “a faster and more efficient customer experience.” This digital alternative aims to reduce queues and manual data processing at airports while allowing travellers to complete formalities in advance.
How to fill the e-Arrival Card
Passengers must visit https://indianvisaonline.gov.in/earrival/ to access the new digital form. The form requires accurate personal, travel, and contact details. Under ‘Personal Details’, travellers must provide their full name (as per passport), nationality, passport number, and purpose of visit. In the Arrival Details section, travellers should enter their arrival date and list countries visited in the past six days before submitting the form online.
Difference between e-Arrival Card and e-Visa
According to the US Embassy, the e-arrival form is entirely separate from the e-visa process. “US citizens should note that this arrival form change is separate from the e-visa application process. US citizen travellers are now able to travel to India with a valid e-visa (or physical visa from an Indian embassy/consulate) AND a valid e-arrival form,” the embassy clarified.
Business
B&M shares plunge as finance chief quits over ‘embarrassing’ accounting error

Discount retailer B&M has slashed its profit guidance for the second time in a month, following the discovery of a £7m accounting error.
In a surprise announcement on Monday, the London-listed firm also confirmed its finance chief plans to step down.
The company stated that £7m in overseas freight costs were “not correctly recognised in cost of goods sold,” an issue it linked to an operating system update earlier this year.
It told investors that the underlying issue has been resolved, but that it will have a financial impact on its results this year.
Adjusted earnings for the half year to September are set to have been around £191m, reducing its previous estimate of £198 million.
B&M said group adjusted earnings are now set to be between £470m and £520m for the financial year, having previously guided to between £510m and £560m.
Bosses at the retail firm said they intend to launch a comprehensive “third-party review” into the incident.
It added that it still expects like-for-like sales growth to be “between low-single-digit negative and low-single-digit positive levels” over the second half of the year.
The update comes only two weeks after B&M blamed soaring costs and a slump in sales as it warned over profits.
It had reported a worse-than-expected 1.1% drop in UK like-for-like sales in the second quarter of the year.
Meanwhile, the firm also said it was impacted by a £30m jump in wage costs and a £14m hit in packaging taxes over the latest half-year.
It therefore launched a series of turnaround measures in an effort to help improve its performance, including cutting prices of some of its key value items.
On Monday, B&M also confirmed that chief financial officer Mike Schmidt has said he will step down from the role.
It has launched a search for his replacement, with Mr Schmidt staying on until the new finance boss is appointed.
Dan Coatsworth, head of markets at AJ Bell, said: “Just when it looked as if life couldn’t get any worse for B&M, along comes an accounting error which has ultimately cost the finance boss his job.
“The situation is highly embarrassing for the board and even worse for shareholders.
“While CFO Mike Schmidt hasn’t been fired, there was no way he could have stayed with the company given the severity of the error discovered in the retailer’s accounts.”
Shares were down 17.9% to 178.1p on Monday morning, slipping to record low levels.
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