Veteran investor Radhakishan Damani sold a 0.64% stake worth ₹4.39 crore of VST Industries through open market transactions on Tuesday. Damani sold one lakh shares at ₹439.19 apiece, according to block deal data on the NSE. Shares of VST Industries ended 0.35% lower at ₹444, compared to a 0.14% jump in the NSE Nifty 50.

Glas Trust Company, a trustee for BYJU'S US lenders, has moved the Supreme Court over its removal from the committee of creditors (CoC) by the interim resolution professional (IRP). "[Glas Trust's] stake is 99.41% and this has been reduced to zero by the IRP," the company's advocate Kapil Sibal said. Glas Trust seeks a stay on CoC's proceedings.

India's exports to China fell by 22.44% to $1 billion, while its imports rose by 15.55% to $10.8 billion in August, as per the Commerce Ministry data. The trade deficit between the countries widened to $35.85 billion in the April-August period. India's exports to the US, the UAE, Singapore, Australia, South Africa, France and Turkey also dipped in August.

The government has asked various edible oil bodies to not hike MRP of soybean, sunflower, mustard and other edible oils till the availability of stocks imported at lower Basic Customs Duty (BCD). The stock imported at lower BCD would last for 45-50 days. Effective September 14, the BCD on several edible oils increased to support domestic oilseed prices.

SEBI employees have been assured that a committee will be formed to address their demands for improving work environment and creating a more equitable performance-tracking system, Moneycontrol reported. Employees held silent protests for three days after SEBI's press release claimed that employees seemed to be acting under external entities' influence. SEBI withdrew the press release on Monday.

A study by the Economic Advisory Council to the PM (EAC-PM) said Karnataka, Andhra Pradesh, Telangana, Kerala and Tamil Nadu collectively accounted for about 30% of India's GDP in 2023-24. "Before 1991, southern states did not show expectational performance," the report said. "However, since the economic liberalisation of 1991, the southern states have emerged as the leading performers," it added.

Finance Minister Nirmala Sitharaman said it's important to take care of small traders and retailers amid the rise of e-commerce. "This country needs that kind of support for small retailers," she stated. She added that the Commerce Ministry will look into whether any predatory pricing strategy by e-commerce firms is affecting small traders.

IPOs launched in Indian markets accounted for a quarter of IPOs launched worldwide in the first half of 2024, wealth management firm Angel One Wealth's report said. It said India now also has the most number of mainboard-listed firms globally, at over 5,450. BSE IPO index, with 348% absolute gains, has outperformed BSE 500 index's 165% gains, the report added.

The US Federal Aviation Administration (FAA) has proposed to impose $633,009 in civil penalties on Elon Musk-led SpaceX. The space venture allegedly failed to follow FAA's license requirements during two launches last year. SpaceX used an unapproved launch control room for the PSN SATRIA mission and an unapproved rocket propellant farm for another mission, the FAA said.

Amazon employees have criticised the company's move to end work from home, requiring them to return to the office five days per week starting January 2, 2025. "This is not 'going back' to how it was before. It's just going backwards," an employee wrote on Slack. Some suggested they would rather quit the company than comply with the new mandate.