While India chairs the 18th BRICS summit, the bloc is actively seeking cross-border payment mechanisms, exemplified by trade between Chennai and Cape Town, with London hosting international financial discussions.

The entities involved

• Chennai →

  city and state capital of Tamil Nadu, India

  • A Singapore-based wholly owned subsidiary, incorporated in India, acquired additional equity shares in Ticker Limited.Mon 14:02
  • Activists in Chennai organized a campaign highlighting the city's water crisis and criticizing the CMDA's role.Mon 07:13
• Cape Town →

  city in the Western Cape, South Africa

  • Cities like Cape Town and Barcelona are implementing new regulations on short-term rentals due to housing shortages.Mon 14:23
  • Draft by-law mandates registration for short-term rentals in Cape Town.Mon 14:23
• BRICS →

  association of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, and the United Arab Emirates

  • Narendra Modi represented India at the BRICS summit, focusing on trade, energy, and defense cooperation.Mon 17:04
  • India hosted the BRICS summit, where talks were held regarding India-China border issues.Mon 14:25

Related events

• BRICS leaders met in Cape Town in 2013.Sep 14
• BRICS finance ministers met in Johannesburg, while Kazan named the Cross-Border Payments Initiative, coinciding with India's PM speaking at a global fintech event.Sep 16
• BRICS members, including South Africa and India, discussed deepening economic cooperation, trade in local currencies, and infrastructure.Sep 11
• BRICS members integrated payment infrastructure with India's system.Sep 13
• BRICS is actively working towards increasing international trade by promoting the use of local currencies among its members.Sep 17