NSE on Tuesday directed all the members and brokers to report and return excess Securities Transaction Tax (STT) collected and retained by them. This applies to taxes collected for financial year 2023-24 and previous years. The amount must be paid along with 1% interest for every month's delay to the government. STT is collected on buying and selling of securities.

Former Infosys CFO Mohandas Pai on Tuesday questioned the tender allocation system and said, "It has been gamed with high criteria of revenues." "Big 4 [firms] are being favoured by government for various reasons. Government pays very high rates. Smaller Indian firms are being discriminated against," Pai added. This has become a closed market and needs government action, he added.

IndiGo CEO Pieter Elbers' sudden exit raised concerns in the aviation industry, Moneycontrol reported. This is because Elbers' notice period was waived off despite the airline not having decided on his successor and despite his predecessor, Ronojoy Dutta, having served a six-month notice period. Interim CEO Rahul Bhatia also said IndiGo customers didn't deserve December flight cancellation chaos.

IndiGo MD Rahul Bhatia, who took interim charge after CEO Pieter Elbers resigned, wrote to the IndiGo staff saying passengers “didn’t deserve what happened” in December 2025. He was referring to the crisis when IndiGo cancelled thousands of flights, causing chaos for passengers. Bhatia signed off the email saying: “Rahul (Main Hoon Na),” referring to 2004-film starring Shah Rukh Khan.

Air India tickets are set to increase after the Air India group on Tuesday announced a phased expansion of a fuel surcharge on its domestic and international routes. It stated that it was necessitated by the steep rise in jet fuel prices due to the Middle East war. A surcharge of ₹399 will be levied on domestic flights from Thursday.

Rahul Bhatia is co-founder and MD of IndiGo, and he will now oversee the airline’s operations after CEO Pieter Elbers stepped down from his role. He has a Bachelor’s degree in Electrical Engineering from University of Waterloo in Canada. Bhatia's net worth is about $6.5 billion, a Forbes report said. He is ranked 602nd on the Forbes global billionaire list.

The price of LPG cylinders on the black market has hit as high as ₹1,500, a homemaker from Uttar Pradesh's Pratapgarh district told India Today. This comes as multiple videos showed people sitting on their empty LPG cylinders outside gas agencies, waiting to get the cylinders filled amid supply concerns. The central government has denied claims of an LPG crisis.

Amazon called a large meeting of its engineering team to "deep dive" into recent massive outages caused by vibe coding, FT reported. Amazon said the app and website outages were characterised by a "high blast radius". Amazon has, meanwhile, mandated senior engineers to sign off on AI-assisted changes by junior and mid-level engineers as a precautionary measure.

Catheter Precision shares surged after the company completed its acquisition of private aviation service Fly Flyte. The deal gives the medical device firm exposure to the regional aviation market and plans to develop an aviation and eVTOL logistics platform with Creatd.

Capricor Therapeutics shares rose after the FDA resumed review of its Biologics License Application for Deramiocel, a cell therapy targeting Duchenne muscular dystrophy. The resubmission follows positive Phase 3 trial results, with the FDA setting a decision date of August 22, 2026.