WORDS WORTH WELL BEING Postpartum depression can even occur in mothers with no history of mental health diagnoses. Know some of the visible & invisible markers of the condition Page 9 Interviewwith Bhaskar Ghosh FE LINES Gaming controllers are undergoing a significant transformation Page 8 Beyond buttons and paddles MORE THAN JUST BABY BLUES ‘Indian IT must shift from labour arbitrage to intelligence arbitrage’ Page 4 VOL.NO.XVI SL.NO.42 LEISURE Follow us on Twitter & Facebook. App available on App Store & Play Store WWW.FINANCIALEXPRESS.COM THE DANDIYA ECONOMY CHENNAI/KOCHI 16 Pages, `12 FINANCIAL EXPRESS ON SUNDAY SUNDAY, OCTOBER 11, 2026 P U B L I S H E D F R O M : A H M E D A B A D , B E N G A L U R U , C H A N D I G A R H , C H E N N A I , K O C H I , K O L K A T A , L U C K N O W , ● SC to today hear plea against and four former CMs, detained WHAT'S INSIDE READ TO LEAD H Y D E R A B A D , ● Over 6,000, including Dipke How a community celebration is evolving into a muti-crore commercial ecosystem Page 7 govt on Metro closure DELHI BECOMES DETENTION CAPITAL EXPRESS NEWS SERVICE New Delhi, October 10 AN ESTIMATED 6,000 people, including four former chief ministers,were detained across Delhi on Saturday as an unprecedented clampdown by thepolicemanagedtosequester Jantar Mantar, but could not prevent large numbers of protests »INSIDE« erupting on the streets, JANTAR with protestMANTAR BARRED, ers raising sloPROTESTERS gans against SPREAD OUT the governPAGE 16 ment and Chief Election CommissionerGyaneshKumar. Groupsofmarchingprotesters,several journalists covering the protest,as well as dozens of people who claimed to be bystanders,were picked off the road, bundled into police vehicles,andtakentodetentioncentres.Spontaneousflashprotests took place across the capital, with detentions happening ■ SPOTLIGHT, P5 YA lit comes of age How the reel generation is actively discovering, discussing and buying books, with publishers and authors also witnessing a widening scope and business sense in the segment ■ LIVING, P6 Slaying at work with Ikat and Ajrakh Prints, Indian motifs, embroidery — men’s office wear is no longer boring shades or styles Metal stocks top losers in past one month METAL STOCKS DECLINED by up to 16.54% over the past month, largely tracking a softening in global industrial and base metal prices. The Nifty Metal Index fell 10.4% during the period, underperforming the benchmark Nifty, which declined 3.9%. However, on a yearto-date basis in 2026, the Nifty Metal Index gained 7.46%, outperforming the Nifty, which fell 10.93%. — Compiled by Kishor Kadam Nifty vs Nifty Metal Index 102 100 98 96 94 92 90 88 96.11 96 Nifty N 89.62 89 Relative performance Base: Sept 9, 2026 = 100 Sept 9, 2026 Oct 9, 2026 Nifty N Metal M Top losers (1-month % loss) -16.54 Vedanta Aluminium Metal -16.34 NALCO -16.32 NMDC -15.15 -12.32 Adani Enterprises Hindalco Inds M U M B A I , RBIunveilsslew ofmeasuresto stemrupeeslide CHRISTINA TITUS Mumbai, October 10 Aprotester tries to stop a bus carrying detainees during the protest in New Delhi, on Saturday REUTERS across all these places. Jantar Mantar wore a deserted look throughout the day,withthedeploymentofover 30,000 security personnel and waves of barricades in Lutyens’ Delhi to keep the protesters awayfrom the area. Continued on Page 2 Defeat of mobocracy, says BJP NewDelhi: The protest meant totakethecity‘hostage’turned out to be a ‘flop show’, the BJP said on Saturday,accusing Lok Sabha Leader of Opposition Rahul Gandhi of spreading anarchy in cahoots with foreign powers, likening him to Tata Motors raises Iveco offerpriceto€14.40/share PRESS TRUST OF INDIA New Delhi, October 10 TATA MOTORS HAS said it has increased the takeover offer price for Italian truck maker IvecoGroupNVby0.30europer share to 14.40 euro per share, citing a delay in the authorisation process. In 2025, Tata Motorshadannouncedplansto acquire Iveco, excluding its defence business,for3.8 billion euro (nearly `38,240 crore) throughTMLCVHoldings. The commercial vehicle majorearlieroffered14.10euro cites delay in authorisation process for raising takeover offer price ■ Tata Motors Continued on Page 2 Sebi to issue CAS guidelines within a week standing common shares of Iveco in September. Continued on Page 2 Continued on Page 2 ■ The company had earlier offered 14.10 euro/ share, valuing transaction at 3.82 bn euro Iveco shareholders to vote on related resolutions at extraordinary general meeting on October 16 ■ per share,valuing the transaction at 3.82 billion euro. Tata Motors started an all-cash voluntary tender offer for all out- Mir Jafar. It was a victory of democracy over‘mob rule’,BJP leader Sambit Patra said, as hundreds ofyouths and politiciansheadingtoJantarMantar were detained. MARKETSREGULATORSEBIis expected to issue guidelines on determining derivative settlement prices on expiry days within a week, following a review of the Closing Auction Session (CAS) mechanism, chairman Tuhin Kanta Pandey said on Saturday.The Sebi had sought public comments till October3onproposalstoreview certainaspectsoftheCASmechanism,market timings and the settlement methodology for derivative contracts, reports FEBureau in Mumbai. TAKEOVER TENDER WITH THE RUPEE closing on the 97-mark against the dollar, the Reserve Bank of India (RBI) on Saturday unveiled a series of measures to defend the currency. These include a special dollar window for state-owned oil marketing companies (OMCs), tighter restrictions on foreign exchange derivatives and additional reserve requirements for banks. The most significant measure is the special dollar window for three public sector oil companies—Indian Oil Corporation, Hindustan Petroleum Corporation and Bharat Petroleum Corporation. Effective October 12, the RBI will meet their entire daily dollar requirements through designated banks. The facility will remain operational until further notice. The move is expected to ease pressure on the spot foreign exchange market by taking a substantial source of dollar demand out of regular trading.Oil companies are among the largest buyers of dollars, particularly when crude prices are elevated. However, the relief may come at a cost. By supplying dollars directly, the RBI will effectively shift part of the pressure from the currency market to its foreign exchange reserves. The move also follows RBI Governor Sanjay Malhotra's comments onWednesdaythat therupeemaybeundervalued, VIKRAM CHAUDHARY New Delhi, October 10 WHEN THE DUSTER E-Tech 160 strong hybrid hits the showrooms on October 17, Renault dealerswill be hoping that its impressive 29 km/litre fuel efficiencybrings buyers, missing since March, to showrooms. As carmakers flood the market ahead of Diwali and dealers clear their 45-day stocks, the industry’s sales numbers hide a stark reality: 2026 has been a ruthless year for badge revivals, minor facelifts, and low-key launches. The biggest example is the Duster itself. Unveiled on January 26 and launched on March17,theiconicbadgewas expected to ride the legacy of its predecessor.Sales peaked in April at 2,359 units. foreign exchange reserves, which may decline ■ Permissible limit for forex derivative transactions cut to $5 mn from $100 mn ■ Banks to maintain FERR with RBI equivalent to 20% of rupee value ofnotional amount for each qualifying transaction exceeding$2mn ■ But crude prices, rising US yields, continued foreign capital outflows could keep rupee under pressure according to several estimates. Speaking at the post-policy press conference, Malhotra said the central bank would ensure that the currency stabilisesandsupportitsreturnto an appropriate valuation. “The daily oil-importer demand is around $500 million. However, since the RBI will meet this demand, the impact will be reflected in foreign exchange reserves, which may decline slightly,” said Dilip Parmer, research analyst at HDFC Securities. Continued on Page 2 Sales (Jan-Aug 2026, in units) 55,369 Tata Sierra Nissan Tekton Honda City Renault Duster Skoda Kushaq VW Taigun 2,161 REUTERS WASHINGTON, October 10 5,065 US PRESIDENT DONALD TrumpsaidonFridaythatRussia had agreed to supply diesel to global markets in an effort to lower fuel prices, and his administration has temporarilylifted US sanctions on Russ- 6,957 8,784 8,565 Continued on Page 2 `409.43 cr Worldwide gross BO collection of Drishyam 3 (as of Oct 10) between Sept & Dec last year `100 cr Projected earnings of Ramayana on opening day (Nov 6) Other big-ticket releases this festive season `5,500-5,750 cr Projected BO collections during this year’s festive months, a growth of 10-15% falls grew 5% in the first half, after three years of being flat or declining. Films released between September and December last year grossed around `5,000 crore at the needs of IOC, HPCL, BPCL through designated banks Facelifts fail to enthuse carbuyers Russia to supply IN THE SLOW LANE diesel to the US, ● Damp sales for badge revivals & low-key launches world: Trump ● New film releases BOX OFFICE BONANZA could take BO total `9,868 cr `5,000 cr BO collections to record `15k cr BO collections between Jan & IF FILM RELEASES in the remaining part of theyearperform as per expectations, 2026 will be the first year in Indian cinema’s history to cross box-office revenues of `15,000 crore. As per Ormax Media, the Indian box office stood at `9,868 crore between January andAugust2026,up18%from the same period last year.Foot- P U N E ● Dollar window REGULATORY for OMCs, curbs on MOVES ■ RBI to meet ■ This likely speculative trades daily dollar to impact FUEL TO FIRE This festive season could be Indian cinema’s best ever VAISHALI DAR New Delhi, October 10 D E L H I , EASING THE PRESSURE ■ Russia to supply Aug, up 18% from same period last year N E W Indian box office. Ashish Misra, head of commercialisation,Cinépolis India, said the industry expects this year’sfestivemonthstoreflecta growth of 10-15% to `5,500- Jailer 2; Avengers: Doomsday; Dune: Part Three; King; Jumanji: Open World 5,750 crore.“If festive releases perform the way they’re expected to,a 10-15% increase over last year is doable,” hoped Misra.“If the collections land in thatrange,2026willbethefirst year the Indian box office crosses `15,000 crore.” The box-office success of Dhurandhar:TheRevenge,Spiderman: Brand New Day, Border-2 and Hanuman Ansh, which has crossed `400 crore inworldwidebox-officecollections, has set the tone for the rest of the year for the Indian film industry. Ramayana,set to release on November 6,two days ahead of Diwali,is projected to earn over `100 crore on opening day. Director Nitesh Tiwari’s two-part epic drama, made with an estimated budget of `4,000 crore, is set to take faith-ledstorytellingtoamuch larger scale this year.“Mythological and epic content has returnedasagenuinecategory, notaone-off,anditisperforming consistently well across all markets,”said SameerMunshi, COO,Miraj Entertainment. “Ramayanaisanticipatedto be a very strong film. Almost everyone in India has grown up with this story, and when you take something that is familiar and put it on the scale the makers have promised, it becomes an event,” said Misra of Cinépolis India. The story of Ram releasing on Diwali makes the timing even more special. “It works as an event film and a family film at the same time, and you don’t often get both in one film,” added Misra. Continued on Page 2 300,000 tonne diesel now, with more later ■ US diesel prices hit $6.28 a gallon on Thursday ■ Zelensky says gifts to Putin will not bring peace ian fuel that were designed to deprive Moscow of revenues for its war on Ukraine. Diesel prices fell after the announcement, but analysts said the deal may not be enough to keep them down. Trump said on social media he had a "highly successful"discussion with President Vladimir Putin in which they agreed that Russia will immediately supply more than 300,000 metric tonne of diesel to US and global markets, equal to about 2.25 million barrels of fuel. The US exports about 1.5 million barrels of diesel per day. Continued on Page 2 Musk steps up attack on Ambani over Starlink PRESS TRUST OF INDIA New Delhi, October 10 ELON MUSK CONTINUED his swipes at Reliance chairman Mukesh Ambani, sharing screenshots of media reports that alleged Reliance-funded firm helped boost BJP campaigns on social media and a CHENNAI/KOCHI Reliance-linkedcompanymade large political donations to the party. The post featured an Al Jazeerareportfrom2022headlined ‘How a Reliance-funded firm boosts BJP’s campaigns on Facebook’ and an archived Indian Express report. Continued on Page 2