Business
October 16, 2024
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Ulta Beauty shares fall as company sees 'headwinds' in beauty industry

An Ulta Beauty store in New York, US, on Monday, Aug. 19, 2024. Yuki Iwamura | Bloomberg | Getty Images Ulta Beauty shares slumped on Wednesday morning, as the company said it sees “headwinds” and tougher competition in the beauty industry. As it hosted its investor day near its Chicago headquarters on Wednesday, the specialty […]

Business
October 16, 2024
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Why this month's inflation figure matters for you

Getty Images The cost of living is always important to our finances but this month’s has a particular extra impact for millions of people. The September inflation figure, showing the rates at which prices increase, will affect how much benefits and the state pension will rise as well as influencing interest rates and the prices […]

Business
October 16, 2024
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London Tube drivers to strike over pay

Reuters Aslef members are set to strike on different days in November London Underground train drivers are set to strike next month in a dispute over pay, the Aslef union has announced. As well as Tube drivers, instructors, management grade staff and those in the engineering section are to take action. The Rail, Maritime and […]

Business
October 16, 2024
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South Indian Bank Q2 Profit Rises 18% to Rs 325 Crore

South Indian Bank has declared its Q2 results. South Indian Bank’s total income increased to Rs 2,804 crore during the quarter under review, as against Rs 2,485 crore in the same period last year. South Indian Bank on Wednesday posted an 18 per cent increase in profit at Rs 325 crore in the second quarter […]

Business
October 16, 2024
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Dearness allowance hiked! Diwali comes early for central government employees as Cabinet approves 3% DA hike

DA for central government employees is determined using the most recent Consumer Price Index for Industrial Workers. DA hike for central government employees: Diwali 2024 came early for central government employees with PM Narendra Modi-led Union Cabinet approving the much awaited dearness allowance hike, sources told TOI. The dearness allowance has been hiked by 3%. […]

Business
October 16, 2024
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UK inflation in surprise fall to lowest rate in three years

UK inflation fell unexpectedly to 1.7% in the year to September, the lowest rate in three-and-a-half years. Lower airfares and petrol prices were the main drivers behind the surprise slowdown, official figures showed. It means inflation – the rate prices rise at over time – is now below the Bank of England’s 2% target, paving […]

Business
October 16, 2024
1 views 2 mins 0

PSX surges to all-time intraday high above 86,500 points

Stocks reached a new all-time high above 86,500 points on Wednesday as earnings season has reignited investor interest in index-heavy stocks, with positive sentiments stemming from the Shanghai Cooperation Organisation (SCO) summit and optimism for political stability. The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index surged 673 points to touch 86,513 in intraday trade as […]