offshore renminbi

India mulls CNH trade at GIFT City: Amid easing ties with China, banks push for Yuan transactions; high-level review under way

November 5, 2025

India’s GIFT City may soon facilitate transactions in offshore Chinese renminbi. Authorities are reviewing a proposal to enable International Banking Units to deal in CNH. ...

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Energy standoff: US tells Serbia to remove Russian ownership from NIS entirely; Belgrade warns of ‘historic’ decisions ahead

November 15, 2025

Serbia faces a critical juncture as the US demands complete withdrawal of Russian ownership from its largest oil company, NIS, to lift sanctions. Failure to ...

Railways revises catering policy, popular food chains could soon open at railway stations

November 15, 2025

Goodbye Soggy Samosas? Railways Revamp Catering for a Delicious Future Let’s face it: Indian railway journeys are epic. They’re tales of bustling platforms, chai-wallahs weaving ...

USPS financial loss: Postal Service flags $9 bn deficit; agency pushes price hikes and policy fixes

November 15, 2025

Facing a staggering $9 billion annual loss, the US Postal Service is pushing for significant administrative and legislative reforms. New Postmaster General David Steiner highlighted ...

AI on the streets: US cities turn to AI for safer streets; new tools track hazards in real time

November 15, 2025

Cities and states are increasingly adopting AI tools to identify and prioritize road hazards, a move gaining momentum due to rising traffic deaths and strained ...

Trade watch: India may see marginal gains on select farm goods, says GTRI; US exempts items from reciprocal tariffs

November 15, 2025

India may see a slight edge in certain farm goods. The US has removed some items from its tariff list. This could benefit India’s spice ...