Wednesday, October 22, 2025

Teja Sajja’s Mirai Goes Global – Pan-World Franchise Plans Announced

After the blockbuster Hanu-Man, talented actor Teja Sajja delivered another hit with Mirai. The film was a sensational success at the box office and has recently made its way to the OTT platform Jio Hotstar, where it continues to receive widespread praise.

Directed by Kartik Gattamneni, a meet was held last night to mark Mirai’s OTT success, with the entire team in attendance. During the event, producer TG Vishwa Prasad shared exciting news that is sure to thrill the movie’s fans.

Speaking about the film’s success, he announced plans to develop Mirai into a pan-world franchise, stressing that he is serious about this vision. He also expressed his gratitude to the audience for making the film a hit in the digital space.

The next installment is already in the works, with Rana Daggubati joining in a pivotal role and Teja Sajja returning as the lead. While details about how the story will be adapted for global audiences, potential changes to the plot, and the directors for future installments are still under wraps, more updates are expected soon, promising exciting surprises for fans everywhere.

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Japanese Yen holds gains as Reuters poll suggests a BoJ rate hike by March 2026

The Japanese Yen (JPY) maintains its position against the US Dollar (USD) on Wednesday after three days of losses. The USD/JPY pair depreciated as the JPY gained ground following the release of Japan’s Merchandise Trade Balance Total data.

Japan’s Ministry of Finance reported a trade deficit of JPY 234.6 billion in September, narrowing slightly from August’s deficit of JPY 242.8 billion (revised from -242.5) but falling short of market expectations for a JPY 22.0 billion surplus.

Japan’s Exports rose 4.2% year-on-year, the first increase since April, though slightly below the projected 4.6% gain. Meanwhile, Imports jumped 3.3% to an eight-month high, marking their first rise in three months and exceeding forecasts for a modest 0.6% increase.

A Reuters poll suggested that 64 of 67 economists (nearly 96%) expect the Bank of Japan (BoJ) policy rate to be at 0.75% by the end of March 2026. 45 of 75 economists (60%) expect BoJ to raise rates by 25 bps this quarter.

The JPY faced challenges after dovish Sanae Takaichi was elected as Japan’s first female Prime Minister on Tuesday. Takaichi vowed to strengthen the nation’s economy and defense capabilities, as well as enhance relations with the US. Her victory came after the ruling Liberal Democratic Party (LDP) allied with the Japan Innovation Party and reportedly signed an agreement over the weekend to form a coalition government.

US Dollar struggles amid a prolonged federal government shutdown

  • The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is edging lower after registering gains in the previous session and trading around 98.90 at the time of writing. The Greenback may come under pressure amid concerns over a prolonged federal government shutdown and potential delays in key US economic data releases, including Nonfarm Payrolls (NFP), adding uncertainty for financial markets and the Federal Reserve (Fed).
  • The CME FedWatch Tool indicates that markets are now pricing in nearly a 99% chance of a Fed rate cut in October and a 98% possibility of another reduction in December.
  • The US government shutdown has entered its fourth week as the Senate on Monday failed for the 11th time to advance a House-passed measure to fund the government and end the ongoing shutdown. The 50-43 vote fell mostly along party lines. This marks the third-longest funding lapse in modern history.
  • St. Louis Fed President Alberto Musalem spoke at the Institute of International Finance Annual Membership Meeting in Washington, DC, on Friday that he could support a path with another rate cut if more risks to jobs emerge and inflation is contained. Musalem added that the Fed should not be on a preset course and follow a balanced approach.
  • US Federal Reserve (Fed) Governor Christopher Waller stated on Thursday that he supports another interest rate cut at this month’s upcoming policy meeting. Meanwhile, the Fed’s newest governor, Stephen Miran, reiterated his call for a more aggressive rate-cut trajectory for 2025 than that favored by his colleagues.
  • Federal Reserve Chair Jerome Powell stated last week that the central bank is on track to deliver another quarter-point interest-rate reduction later this month, even as a government shutdown significantly reduces its read on the economy. Powell highlighted the low pace of hiring and noted that it may weaken further.

USD/JPY remains close to 152.00 due to persistent bullish bias

The Japanese Yen gains ground against the US Dollar, with the USD/JPY pair trading lower at around 151.70 on Wednesday. The technical analysis of the daily chart suggests an ongoing bullish bias as the pair remains within the ascending channel pattern.

On the upside, the initial barrier lies at the eight-month high of 153.27, which was recorded on October 10. A break above this level would support the pair to explore the region around the upper boundary of the ascending channel at 156.90.

The immediate support appears at the nine-day Exponential Moving Average (EMA) of 151.20. A break below this level would weaken the short-term price momentum and prompt the USD/JPY pair to test the ascending channel’s lower boundary around 150.00, followed by the 50-day EMA at 149.16. Further declines would cause the emergence of the bearish bias and put downward pressure on the pair to navigate the area around the monthly low of 146.59.

The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the strongest against the British Pound.


USDEURGBPJPYCADAUDNZDCHF
USD
-0.10%0.17%-0.05%-0.21%-0.31%-0.32%-0.12%
EUR0.10%
0.25%0.04%-0.11%-0.22%-0.17%-0.02%
GBP-0.17%-0.25%
-0.20%-0.37%-0.47%-0.45%-0.28%
JPY0.05%-0.04%0.20%
-0.15%-0.25%-0.24%-0.04%
CAD0.21%0.11%0.37%0.15%
-0.11%-0.09%0.09%
AUD0.31%0.22%0.47%0.25%0.11%
0.02%0.20%
NZD0.32%0.17%0.45%0.24%0.09%-0.02%
0.18%
CHF0.12%0.02%0.28%0.04%-0.09%-0.20%-0.18%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (quote).

The Japanese Yen (JPY) is one of the world’s most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors.

One of the Bank of Japan’s mandates is currency control, so its moves are key for the Yen. The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The BoJ ultra-loose monetary policy between 2013 and 2024 caused the Yen to depreciate against its main currency peers due to an increasing policy divergence between the Bank of Japan and other main central banks. More recently, the gradually unwinding of this ultra-loose policy has given some support to the Yen.

Over the last decade, the BoJ’s stance of sticking to ultra-loose monetary policy has led to a widening policy divergence with other central banks, particularly with the US Federal Reserve. This supported a widening of the differential between the 10-year US and Japanese bonds, which favored the US Dollar against the Japanese Yen. The BoJ decision in 2024 to gradually abandon the ultra-loose policy, coupled with interest-rate cuts in other major central banks, is narrowing this differential.

The Japanese Yen is often seen as a safe-haven investment. This means that in times of market stress, investors are more likely to put their money in the Japanese currency due to its supposed reliability and stability. Turbulent times are likely to strengthen the Yen’s value against other currencies seen as more risky to invest in.

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Confirmed! Aneet Padda replaces Kiara Advani in Shakti Shalini, netizens call it ‘huge for an outsider’

Ever since the success of Saiyaara, curiosity has been growing around newcomer Aneet Padda’s next project. Rumours claimed that Padda might take over Maddock Films' upcoming Shakti Shalini, replacing Kiara Advani. Putting the speculations to an end, the makers have finally confirmed that Padda will be headlining the upcoming horror-comedy.

Aneet Padda to lead Shakti Shalini

The announcement was made with the release of Ayushmann Khurrana and Rashmika Mandanna's film Thamma. Both films are a part of Maddock's horror-comedy universe.

The production house shared the new update with a special video. It came attached with the theatrical print of Thamma, the fifth instalment of the universe.

When will Shakti Shalini release

Shakti Shalini, which was previously scheduled to hit the big screens this year, will now release on 24 December 2026, shared the makers.

The clip has now gone viral on social media. It describes Shakti Shalini as “the creator, the destroyer, and the mother of all."

Netizens react to Aneet Padda in Shakti Shalini

Reacting to the news, netizens called it a “big loss” for Kiara Advani, who just welcomed her baby girl with husband-actor Siddharth Malhotra.

A user wrote on Reddit, “This is such a big opportunity for Aneet to showcase her acting skills, also cement herself as an actress who can back films on her own shoulders so early on in her career. Hopefully she nails it, the girl does have the POTENTIAL. Also a big loss for Kiara (sic).”

“Looks like a strong, larger than life and aggressive role. Real test for Aneet since she is all girl-next-door and cutesy (sic),” added another.

One more added, “This is huge for an outsider. I hope Aneet nails it. Only best wishes to her (sic).”

Someone else also said, “Everything looks good, but I don’t know how Aneet Pada would look in this movie, she’s too young for the role it feels (sic).”

One more commented, “Not a fan of Aneet .. but happy that a nepo didn't bag it.”

Aneet Padda's pic from Shakti Shalini?

The picture features a mysterious-looking women levitating in a dark forest at night. She is seen wearing a white lehenga while her hair is braided, swaying in the air. Although her face isn't visible as her back is facing the camera, fans are convinced that it is Padda from Shakti Shalini.

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Gold prices crash over ₹4,000 from record high: Opportunity to buy or should you brace for a steeper fall?

Gold prices: The international gold prices extended their fall on Wednesday, after recording their worst single-day selloff a day prior in over five years. Gold fell more than 5% on Tuesday in its steepest fall since August 2020, as per a Reuters report.

Spot gold was down 0.4% at $4,109.19 per ounce today, down over 6% its fall from all-time high $4,381.21 touched on Monday.

The domestic gold market was shut on account of a holiday for Diwali in the last session. However, a sharp selloff cannot be ruled out when the bullion opens for trading in the evening session today. MCX is closed in the morning trade on account of Diwali Balipratipada.

What's behind gold price fall?

From their record peak of 132,294 per 10 grams, gold prices have moderated to 128,000 in the domestic market, down by over 4,000 or 3%.

The latest selloff in gold prices follows profit-taking by investors amid a record run in the bullion market. Gold prices have offered nearly 60% returns this year, outperforming most major asset classes.

Additionally, signs of a thaw in US-China trade relations and a possible positive outcome in trade talks between India and the US have also bolstered the risk-off sentiment, pushing gold prices lower.

US President Donald Trump said he expected to reach a fair trade deal with Chinese President Xi Jinping when the two meet next week in South Korea. Moreover, Mint earlier today reported that New Delhi and Washington are nearing a long-stalled trade agreement that would reduce US tariffs on Indian imports to 15% to 16% from 50%.

Investors now look forward to the release of the September US consumer price index report as it could shed light on the Federal Reserve's interest rate outlook.

Ross Maxwell, Global Strategy Lead at VT Markets, said the gold price rally, fueled by a weaker US dollar, expectations of lower Fed rates, strong central bank buying and heightened geopolitical risks, is facing profit booking following the record run.

However, sustaining the rally could prove challenging, especially near the key $4,000–$4,400/oz psychological zone, though the broader bullish drivers remain intact, Maxwell said.

Gold price crash: Pause or trend reversal?

Echoing similar views on gold's bullish outlook, Harshal Dasani, Business Head at INVAsset PMS, said that we are living through the third supercycle for precious metals.

"History has witnessed only two true supercycles in precious metals. The first began in the 1970s, when President Richard Nixon unpegged the dollar from gold, dismantling the Bretton Woods system and triggering a decade of double-digit inflation and a near-20x surge in gold. The second unfolded from 2000 to 2010, as quantitative easing and the European debt crisis eroded faith in fiat currencies. Now, between 2020 and 2025, we are living through the third," said Dasani.

What makes this cycle more potent is the scale of leverage in paper markets, he explained.

For every ounce of physical gold, there are nearly 150 paper claims, and for silver, over 350. COMEX short positions are sitting on a powder keg, while physical inventories at LBMA and Shanghai continue to deplete. That’s why every correction in gold or silver is being met with aggressive buying — the market senses a potential squeeze unlike anything seen before, Dasani said.

He believes that this current dip makes it an opportunity to buy.

Commenting on a more immediate outlook for gold, Maxwell said that if the Federal Reserve’s upcoming commentary signals deeper rate cuts or geopolitical risks intensify, gold could regain upward momentum.

However, a stronger USD or a rise in real yields may lead to short-term corrections of around 5–10%, he cautioned.

"Investors should adopt a disciplined approach, gradually entering positions through dollar-cost averaging, diversifying across instruments, and tracking key triggers like US inflation data and Federal Reserve guidance. Gold continues to be a compelling hedge and portfolio diversifier, but prudent risk management and awareness of volatility are essential to navigate the current market phase," Maxwell added.

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Tuesday, October 21, 2025

Why protest over China-backed Teesta plan in Bangladesh is a red flag for Delhi

On the evening of October 19, hundreds of people formed a human chain near Chittagong University's Shaheed Minar. They held placards and mashaal torches in their hands as they marched to the Minar. They demanded an immediate implementation of the Teesta Master Plan and Bangladesh's "fair share" of Teesta water, reported news agency Bangladesh Sangbad Sangstha (BSS).

Reportedly organised by students from Rangpur division, slogans were raised against water injustice and India's alleged influence on Bangladesh's water policies. Speakers said the Teesta plan could transform northern Bangladesh by boosting agriculture, creating jobs, and driving national growth.

The rally ended with a call to "protect national interests and ensure water justice for Teesta-dependent regions" in Bangladesh, reported the BSS.

The protest in Chattogram on Sunday came after a wave of torchlight rallies across Northern Bangladesh on Thursday evening, where thousands gathered in five districts of the Rangpur division demanding the immediate implementation of the Teesta River Master Plan, reported the Dhaka Tribune.

The Teesta Master Plan, backed by China, is being seen in Bangladesh as a workaround to the long-stalled Teesta water-sharing deal with India. Experts, meanwhile, view the plan with concern, especially due to its proximity to the strategic Chicken's Neck and potential Chinese presence near the sensitive Siliguri Corridor, which is a 20-kilometre land route connecting the northeastern states to the rest of India.

WHY ARE TENSIONS RISING OVER TEESTA MASTER PLAN?

The demand now assumes importance because the Teesta Master Plan, a Chinese-backed initiative for river management, promises to address northern Bangladesh's water scarcity amid stalled water-sharing talks with India. With the 1996 Ganga Water Sharing Treaty nearing its expiry in 2026, the urgency to implement the unilateral plan near the strategic Chicken's Neck, with a third-party (China), the intense push for the plan's implementation raises concerns of being detrimental to India’s water security and regional cooperation.

The Teesta River originates in the eastern Himalayas in the state of Sikkim, flows through West Bengal, and then enters Bangladesh, and joins the Brahmaputra (Jamuna). The river has long been at the centre of water-sharing negotiations between Bangladesh and India. Bangladesh alleges that during the lean season, when water levels are low, India restricts the flow of Teesta River water, causing severe shortages for agriculture and daily use. During the monsoon season, Bangladesh faces flooding and has demanded better management and equitable sharing to ensure sufficient water supply throughout the year.

The protests across Bangladesh come months after its interim government chief, Muhammad Yunus, sought a 50-year river management master plan from Beijing in March, praising China as the "master of water management" and including the Teesta River in the proposal. In March after Yunus met Chinese President Xi Jinping, the joint statement issued said Bangladesh welcomed Chinese companies to participate in the Teesta River Comprehensive Management and Restoration Project (TRCMRP).

These protests also follow growing public pressure in Bangladesh, with many voices urging the government to move ahead with the Teesta Master Plan with Chinese cooperation. Bangladesh sought 6,700 crore taka in financial aid for the project's first phase.

These protests also come amid growing public and political pressure in Bangladesh, with many urging the government to advance the Teesta Master Plan with Chinese support, especially as post-Hasina Dhaka has gravitated towards Beijing, and joined the Chinese Belt and Road Initiative. The Bangladesh Nationalist Party (BNP), whose de-facto chief and son of former PM Khaleda Zia, Tarique Rahman, had voiced support for the plan, was also said to be backing it.

Former Cabinet Secretary of Bangladesh, Kabir Bin Anwar, earlier this year told the UK-based The Independent that the project would enable Bangladesh to construct a large water reservoir to store water for the dry season, reducing the country's reliance on India to release water during the lean months.

WHAT IS THE INDIA-BANGLADESH TEESTA DISPUTE?

The Teesta dispute between India and Bangladesh revolves around the sharing of water from the Teesta River, which originates in India and flows into Bangladesh.

Bangladesh demands a "fair share" of the river's water to support agriculture and meet growing water needs in its northern regions. India, particularly West Bengal, has raised concerns over water availability during dry seasons, fearing that sharing more water could harm its own farmers.

Despite several rounds of negotiations since the 1990s, a final agreement has remained elusive due to political sensitivities and the Bengal government's repeated opposition in India. Although both countries recognise the importance of resolving the dispute, recent developments, including Bangladesh's move to seek Chinese assistance for river management, have complicated the situation, stalling progress on a long-awaited water-sharing deal.

In 2024, then-Bangladesh PM Sheikh Hasina explicitly stated her preference for India over China to implement the Teesta River Comprehensive Management and Restoration project.

WHY CHINA'S INVOLVEMENT IN TEESTA IS A RED FLAG FOR DELHI?

The Teesta Master Plan near the strategic Chicken’s Neck, combined with reports of a potential Chinese presence at Lalmonirhat airbase nearby, has raised serious strategic concerns for India, according to experts. However, the Bangladesh Army's Directorate of Military Operations official, Brigadier (now Major General) Mohammad Nazim-ud-Daula, had in May said that the airbase was being revived to "support national needs, including the Aviation and Aerospace University". He clarified that there was "no information about Chinese involvement".

"India has concerns about Chinese personnel establishing a presence at the project site located near the Chicken's Neck," Bangladeshi expert on power, energy, and environment, Kallol Mustafa, wrote in a piece in the Dhaka-based Daily Star.

Geopolitical expert Brahma Chellaney had earlier highlighted Bangladesh's plans to shift the Teesta River project to China and to revive the Lalmonirhat with Chinese assistance. Both projects, located close to the Indian border, have significant security implications for India, he argued.

Chellaney said that the activation of the Lalmonirhat airbase "would greatly enhance China's ability to conduct aerial surveillance and reconnaissance on Indian military installations, troop movements and critical infrastructure".

"Both projects, located near the Indian border, carry significant implications for India's security...," Chellaney said in May.

The push for the Teesta Master Plan, intertwined with Chinese involvement, reveals that the unresolved water-sharing dispute with India is entering a new and more complex phase. That these public demands are surfacing just months ahead of Bangladesh's general elections may suggest political undercurrents, with the BNP potentially leveraging the issue to gain ground. With Dhaka walking a tightrope, Teesta's waters remain as politically charged as they are essential.

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Ek Deewane Ki Deewaniyat Box Office Day 1: Harshvardhan Rane-Sonam Bajwa's film off to a decent start, mints this amount

Ek Deewane Ki Deewaniyat Box Office Collection Day 1: Among the new releases in theatres, actor Harshvardhan Rane and Sonam Bajwa's film, Ek Deewane Ki Deewaniyat, was released on Tuesday. The musical-drama witnessed a promising start at the box office.

Ek Deewane Ki Deewaniyat Box Office Collection Day 1

According to the industry tracker Sacnilk, Ek Deewane Ki Deewaniyat raked in 7.35 crore net in India so far.

Notably, these are early estimates on the website based on morning, afternoon, and evening shows only. The final figure will be out post 10 pm.

Ek Deewane Ki Deewaniyat recorded an overall occupancy of about 37.75% on Tuesday. Check it out:

Morning Shows: 19.76%

Afternoon Shows: 46.34%

Evening Shows: 47.16%

Night Shows: Awaited

Ek Deewane Ki Deewaniyat: Makers, plot

Ek Deewane Ki Deewaniyat is directed by Milap Zaveri. It is written by Zaveri and Mushtaq Shiekh.

Backed by Dinesh Jain, Anshul Garg and Raghav Sharma under the banner of Desi Movies Factory, the film also stars Shaad Randhawa and Sachin Khedekar in key roles.

Billed as a passionate love story, Ek Deewane Ki Deewaniyat is said to revolve around obsessive romance drama, according to a press release.

Ek Deewane Ki Deewaniyat trailer

The trailer of the film was released on 8 October. “Itihaas ka main pehla Raavan hoon jo khud Sita ko Ghar chhodkar aayega ( For the first time in history Raavan will return Sita to her home),” wrote Rane in the caption of the official post.

Watch trailer here:

Talking about the trailer, director Milap Milan Zaveri opened up about his vision behind it. He dropped hints about Harshvardhan Rane and Sonam Bajwa's characters from the film and told ANI, "The trailer once again showcases mohabbat, nafrat and dard (love, hate and pain) between Harshvardhan and Sonam's characters along with the music that is topping the charts right now."

Detailing his creative approach, Milap called Ek Deewane Ki Deewaniyat an intense romance drama.

“Our film is an intense romantic drama, with music that's already topping the charts, and the trailer shows just that -- the dialogues, music, and the intensity of Sonam and Harshvardhan's performances. We are eager to see the audience's response to the trailer and hopefully they get more invested in our film,” he added.

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Teja Sajja’s Mirai Goes Global – Pan-World Franchise Plans Announced

After the blockbuster Hanu-Man, talented actor Teja Sajja delivered another hit with Mirai. The film was a sensational success at the box ...