Brazil

Venezuela, Brazil among India's top 5 crude oil suppliers in April

Supply disruptions in West Asia and Strait of Hormuz closure prompt India to recalibrate sourcing, with Venezuela and Brazil replacing Iraq and the US in April

Brazil's Senate blocks Prez Lula's SC nominee, first rejection in 132 years

Brazil's Senate dealt a political blow to President Luiz Inacio Lula da Silva on Wednesday by rejecting his nomination to the Supreme Court, the first in more than 130 years. Only 34 senators voted in favour of Jorge Messias, who has been Brazil's solicitor-general since 2023 and a close legal advisor to Lula, while another 42 rejected his appointment. Messias needed 41 votes to be approved. Lula, who is seeking reelection in October for his fourth inconsecutive term, picked Messias to replace Luis Roberto Barroso, who resigned in November. Since then, Brazil's top court has operated with 10 members. Earlier, 46-year-old Messias was approved by a Senate commission, but the full house disagreed in a secret vote. Besides Lula, other members of the court were openly campaigning for the solicitor-general, who also tried to garner votes from lawmakers of Evangelical faith like him. Brazil's president will have to nominate another person, who will have to go through the same scrutiny be

BPCL arm to invest $2.8 billion in Brazil's oil and gas exploration project

BPCL says investment in Brazil's SEAP-I project will provide access to equity crude, helping strengthen India's energy security and diversify supply sources

US ICE arrests former Brazilian intelligence chief Alexandre Ramagem

A Brazilian senator said on Monday that the country's former intelligence agency chief Alexandre Ramagem was arrested by US Immigrations and Customs Enforcement and is pleading for him to get political asylum in the United States. Ramagem, also a former lawmaker, was sentenced in September to 16 years in prison for his role in the coup attempt by supporters of former Brazilian President Jair Bolsonaro in 2023. Brazil's federal police said he fled the South American nation before he would have started serving his sentence. Sen. Jorge Seif said in his social media channels that he had informed the U.S. embassy in Brasilia that Ramagem should not remain in custody for he was being persecuted at home. Seif did not give details as to why the former Brazilian intelligence agency chief had been put under custody. On Monday, Ramagem appeared as in custody in ICE's online detainee database, although where he is being held was not specified. "The political persecution against President ...

Brazil's dual-fuel ethanol fleet stabilises gasoline prices amid Iran war

As the war in Iran rattles global oil markets, Brazil is partially shielded by a decades-old buffer against shocks that is both cheap and environmentally friendly. Tens of millions of drivers here can choose between filling their tank with 100 per cent sugarcane-based ethanol or a gasoline blend that contains 30 per cent of biofuel. Brazil's massive dual-fuel fleet - consisting of vehicles capable of running on any combination of ethanol and gasoline - is unique in its scale. The program, launched in 1975 during the country's military dictatorship, has successfully evolved in democratic times to reduce dependency on foreign oil. Today, as the latest conflict involving Iran, the United States and Israel enters its fifth week, nations like India and Mexico are looking at the Brazilian model as a blueprint for energy security. While consumers worldwide face steep price hikes, Brazilian gasoline prices rose just 5 per cent in March - compared to 30 per cent in the United States. Analys

Indian MSME drugmakers likely to focus on Brazil as next growth market

India-Brazil pharma meet highlights Brazil's growing role as a priority market for Indian MSME drugmakers, driven by rising exports, regulatory engagement and demand for specialty medicines

India trip historic, to help cut medicine prices: Brazil's health minister

The investments are aimed at strengthening domestic production of high-tech medicines in Brazil through partnerships between Indian companies

With President Lula's visit, India-Brazil trade ties touch new heights

Brazil Prez concluded his India visit after signing an array of agreements

'Touched': Brazilian President Lula hails India's cultural hospitality

Speaking at the India-Brazil Economic Forum on Sunday, the President recalled how these gestures mirrored a similar surprise he had arranged for Prime Minister Narendra Modi during the latter's visit

Brazil interested in India's digital public infrastructure platforms: MEA

P Kumaran, secretary in the MEA, said Brazilian President Luiz Inacio Lula da Silva, during his talks with Prime Minister Narendra Modi, expressed interest in the Indian UPI payments system

India, Brazil discussed about US Supreme Court judgment, says MEA

Secretary (East) in the Ministry of External Affairs, P Kumaran said that there is a strong consensus among India and Brazil on UN reforms

Working to expand preferential trade agreement with Mercosur bloc: Goyal

India is working to expand the preferential trade agreement with South-American nation bloc Mercosur to further promote trade and investment between the two regions, Commerce and Industry Minister Piyush Goyal said on Saturday. Mercosur is a trade bloc in Latin America comprising Brazil, Argentina, Uruguay, and Paraguay. The India-Mercosur PTA came into effect on June 1, 2009. This PTA has limited coverage and contains only 450 tariff lines or products. Both sides are looking at expanding the scope of this pact to a full-fledged agreement. "The Mercosur region is particularly important for us, and we are working to expand our India-Mercosur preferential trade agreement, to improve market access, to grow investments on both sides, to have technology partnerships, and to engage in sports, education, culture," he said here at Ficci's India-Brazil Business Forum. The minister also said that the bilateral trade between India and Brazil is growing, but it is "sub-optimal". It grew by 25

India-Brazil trade to cross $20 bn in 5 yrs in 'win-win' deal: PM Modi

PM Modi and Brazilian President Luiz Inacio Lula da Silva held talks in New Delhi, focusing on boosting trade, technology, energy cooperation and strengthening strategic ties between the two nations

Brazilian President Luiz Inacio Lula da Silva pays tributes at Rajghat

On Friday, President Lula inaugurated the first office of the Brazilian Trade and Investment Promotion Agency (Apex) in New Delhi

India, Brazil set to sign pharma, aerospace, trade pacts during Lula visit

India and Brazil are poised to sign private-sector agreements across pharma, aerospace, ethanol and trade during President Lula's visit, as both nations expand cooperation in critical minerals and AI

Beyond diplomacy: India and Brazil should seize this strategic opportunity

Brazil President Lula's India visit signals a shift towards deeper economic and technology cooperation; both nations must close the trade-investment gap and align on global governance reform

Brazil pushes deeper agri-tech, livestock ties with India amid US tariffs

Brazil calls for greater trade diversification to counter the negative impact of rising US tariffs

Black Box signs ₹275 cr Brazil deal in boost to global digital infra push

Essar Group firm advances India and overseas strategy amid rising demand for data centre, network and cybersecurity services

Brazilian Prez Lula da Silva to visit India with 'largest-ever delegation'

The bilateral meeting between Prime Minister Modi and President Lula on February 21 is expected to be the key highlight of the visit

Brazil President to hold talks with PM Modi during Feb 18-22 India visit

Luiz Inacio Lula da Silva to hold bilateral talks with PM Modi, attend AI Impact Summit and lead business delegation during five-day state visit