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A Greece-Germany flight triggered an emergency at Nuremberg Airport after it transmitted the '7500' hijacking code to authorities, and its pilot went silent as he couldn't be reached by radio. Two Eurofighter jets then escorted the plane till it landed safely, and the airline later blamed a radio glitch for the situation. This comes weeks after the flydubai-Smit Machchhar case.

US President Donald Trump said "Houthis are behaving very badly", and accused the group of attacking Saudi Arabia to drive up oil prices before US elections, allegedly at Iran’s behest. He said, "I thought they learned...lesson a year ago when we bombed the HELL out of them." "I’ll be there after...Elections, and I will never forget," Trump added.

Finance Minister Nirmala Sitharaman indicated that she'll be "keenly hearing" debates on effects of the securities transaction tax (STT) and the long-term capital gains tax (LTCG). Speaking at the Bloomberg New Economy Forum, Sitharaman refused to confirm whether the government is even considering a reduction in the two taxes. "There's a lot of debate over [the taxes]...It's healthy," she added.

Former West Bengal CM Mamata Banerjee was allegedly attacked with a knife by a drug addict, Tannishtha Saha, at her Kolkata residence on Tuesday, TMC leader Saket Gokhale said while sharing a screenshot of an email complaint sent to police. The complainant raised concerns over the attacker being able to reach Mamata's residence despite the leader having Z-plus category security.

International Monetary Fund warned of "elevated" risks to global financial system in its latest World Economic Outlook report. It warned that a sharp correction in artificial intelligence investment boom, prolonged Middle East conflict and rising government debt could pose major risks to global economy. It said a steep drop in AI investment could cut global GDP by 1.1% by 2028.

Natural diamond prices have crashed 51% over five years, with a one-carat diamond now averaging $3,898. Industry observers believe that an excess supply and the rise in lab-grown diamonds are key reasons for the sharp slide in prices. However, in India, lab-grown diamond demand is expected to rise 20% this festive season, while natural diamond prices show signs of stabilising.

Gold continued to get cheaper as its prices fell for the second day in a row on Tuesday. As per IBJA data, gold prices fell by ₹444 to close at ₹1,47,617 per 10 grams, a day after falling by nearly ₹1,400. Silver also got cheaper on Tuesday as its price fell by nearly ₹1,300 to hit ₹2,19,038 per kilogram.

India has responded after China raised objections over Centre identifying and standardising the names of 28 strategic places and geographical features in the Union Territory of Ladakh for official mapping. Reiterating that Ladakh is an integral and inalienable part of India, MEA said, "No amount of denial by the Chinese side can change this established fact."

The Indian rupee outperformed its Asian peers on Tuesday after the RBI announced measures to ease pressure on the currency. It rose to 95.0725 per dollar in early trade before trimming gains to settle at 95.28. RBI's steps included redirecting oil-related dollar demand to a special facility and imposing margins on hedging current account liabilities.

The National Payments Corporation of India (NPCI) has postponed the rollout of a 0.4% merchant discount rate (MDR) on UPI person-to-merchant transactions above ₹2,000 until after Diwali, with the revised date to be announced separately. The fee, announced last month, was set to take effect on October 15. NPCI said the decision was taken keeping the festive season in mind.