Top headlines: TMB IPO to open on Sep 5; rupee sees biggest gain in 1 year

The Indian rupee notched its biggest one-day gain in a year on Tuesday against a wobbly dollar as local equities saw a rush of foreign investor inflows

Govt likely to invite preliminary bids for IDBI Bank stake sale next month

The government is likely to invite preliminary bids for selling a stake in IDBI Bank next month and the discussions with the RBI are at the final stages, an official said. "There are still some pending issues that need to be discussed with the Reserve Bank of India and Securities and Exchange Board of India. We are hopeful of issuing the EoI by September," the official told PTI. Read more

Gautam Adani becomes world's third-richest person, first Asian to do so

Few outside of