Newspaper Headlines: Sensex Crashes 770 Points, Congress's DK Shivakumar Arrested

Hindustan Times: In worst fall since July 8, the Sensex plummeted 700 points amid slowing GDP growth. The daily also carries a comparison of the current slowdown with the slump in 2012-2013. The first page of the daily also carries a picture of Apache helicopter. Eight US made Apache attack helicopters were inducted into the Indian Air Force on Tuesday. Also on the front page is DK Shivakumar's arrest over suspected transactions done abroad through shell companies.

The Times Of India: A Delhi-based stockbroker and his daughter, 8, were killed on Monday night when the two were out for a family outing and an out-of-control truck crashed into the India Gate lawns, the daily reports. Poor economic data unnerved markets as Sensex tanked 770 points on Tuesday. Congress leader P Chidambaram's CBI custody has been extended till September 5 as the probe agency told the top court on Tuesday said they have no more queries for the ex-Finance Minister.

The Indian Express: Home Minister Amit Shah on Tuesday met a delegation of village heads from Jammu and Kashmir. The delegation said Mr Shah assured them that restrictions on communication in Kashmir may be lifted in less than a month's time, and that the next Chief Minister will be from among them, the daily reports. Another important story on the front page is that just one out of five beneficiaries (20.6 per cent) availed of Mudra loan for setting up a new establishment. The MUDRA loan is provided under the Pradhan Mantri MUDRA Yojana (PMMY) to non-farming and non-corporate micro and small enterprises.

The Telegraph: Four people were killed in massive fire at the oil and gas processing plant of state-run ONGC at Uran near Mumbai on Tuesday, the daily reports. "Stocks and rupee crash" is the Telegraph headline for the big business story of the day amid an economic slump.

The Asian Age: Congress leader DK Shivakumar's arrest by the Enforcement Directorate on Tuesday triggered an outrage among the Congress and JDS supporters. He was being questioned by the probe agency since last week in a graft case. Another important story on the front page is on Kulbhushan Jadhav, former Indian naval officer imprisoned in Pakistans. India is expected to take the position now that the consular access that was provided by Pakistan was "not unimpeded", that it was "not free from the fear of intimidation and reprisal", the daily reports.