Page 4 - Brazil

Brazil's Fabio breaks world record for football's most capped male player

Having equaled Shilton's record of 1,390 on Saturday, Fabio went one better with a clean sheet that also helped his team progress further in the tournament.

Brazil's Lula announces $5.5 bn in credits for exporters hit by US tariffs

The Brazilian government on Wednesday unveiled a plan to support local exporters affected by a 50 per cent tariff imposed by US President Donald Trump on several products from the South American nation. Dubbed Sovereign Brazil," the plan provides for a credit lifeline of 30 billion reais (USD 5.5 billion), among other measures. Brazil's President Luiz Incio Lula da Silva described the plan, which includes a bill to be sent to Congress, as a first step to help local exporters. Congressional leaders attended Wednesday's ceremony, a first in months, in a sign of growing political support for the leftist leader in response to Trump's tariffs. Other measures announced by the Brazilian government include postponing tax charges for companies affected by US tariffs, providing 5 billion reais (USD 930,000) in tax credits to small and medium-sized companies until the end of 2026 and expanding access to insurance against cancelled orders. The plan also incentivises public purchases of items th

Brazil, Poland, Africa may offer export opportunities for auto parts makers

Indian manufacturers can significantly expand their exports, particularly in the independent aftermarket segment amid US tariffs, says EY report

PM Modi speaks to Brazil's Lula, leaders promise to boost India-Brazil ties

India and Brazil reaffirm commitment to strengthen cooperation across trade, technology, energy, defence, health, and cultural exchanges after Modi-Lula phone call

India hit with 50% tariffs: How countries are reacting to Trump's trade war

India slammed Trump's 50% tariff as unjustified; Canada, Brazil, and China also face new US trade actions, prompting strong backlash, WTO threats, and fresh retaliation

Will call Modi, Xi, but not Trump: Brazil's Lula da Silva on tariff dispute

Rejecting Donald Trump's offer to call him, Brazilian President Luiz Inácio Lula da Silva said that to defend its interests, Rio De Janeiro would use all available resources, including the WTO

How Brazil, US, and EU tackled ethanol blends before India's E20 push

India's move to widespread E20 ethanol-blended petrol follows the footsteps of Brazil, the US, and Europe - offering key lessons in consumer acceptance, industry policy, and vehicle readiness

Brazil's Supreme Court orders house arrest for ex-President Jair Bolsonaro

Brazil's Supreme Court on Monday ordered the house arrest for former President Jair Bolsonaro, on trial for allegedly leading a coup attempt after losing the 2022 election. The court's Justice Alexandre de Moraes issued the order, saying in his decision that Bolsonaro had violated the precautionary measures imposed on him by posting content on his son's social media channels. Prosecutors accuse Bolsonaro of heading a criminal organisation that plotted to overturn the election, including plans to kill President Luiz Incio Lula da Silva and a Supreme Court justice. Monday's order followed one from the top court last month that ordered Bolsonaro wear an electronic ankle monitor and imposed a curfew on his activities while the proceedings are underway. The latest decision keeps the far-right leader under ankle monitoring, allows only family members and lawyers to visit him and seizes all mobile phones from his home in Rio de Janeiro.

Open to US trade talks if Brazil treated as an equal, says Lula da Silva

'We want to negotiate. We want to negotiate on equal terms,' Lula said Sunday at an event for his leftist Workers' Party in Brasilia

Will Brazil's Neymar Jr. get one final go at the FIFA World Cup in 2026?

Brazil's director of football said that if Neymar is fit, there's no question about his place in the squad.

India, Brazil hold key meet to boost defence ties, military cooperation

Top officials of India and Brazil held a key defence meeting in Brazil, aiming to enhance military cooperation and defence industry ties, besides bolstering regional security in Indo-Pacific and Latin America. The 8th Joint Defence Committee meeting was held in Braslia on July 30, the Indian Defence Ministry said on Thursday. "Led by Shri Vishwesh Negi, Joint Secretary (IC) and Maj Gen Willain Koji Kamei, Deputy Chief of Policy and Strategy, talks focused on boosting military cooperation, training, defence industry ties and regional security in Indo-Pacific and Latin America," the ministry said in a post on X. The post also contained photographs from the meeting. "Joint Secretary (IC) Shri Vishwesh Negi called on Chief of the Joint Staff of the Brazilian Armed Forces, Fleet Admiral Renato Rodrigues de Aguiar Freire on the sidelines of the 8th Joint Defence Committee meeting in Braslia. Dr Dinesh Bhatia, Ambassador of India to Brazil, was also present," the ministry said in another

Trump signs order to impose 50% tariffs on Brazil over Bolsonaro probe

President Donald Trump signed an executive order Wednesday to impose his threatened 50 per cent tariffs on Brazil, setting a legal rationale that Brazil's policies and criminal prosecution of former President Jair Bolsonaro constitute an economic emergency under a 1977 law. Trump had threatened the tariffs on July 9 in a letter to President Luiz Inacio Lula da Silva. But the legal basis of that threat was an earlier executive order premised on trade imbalances being a threat to the US economy. But America ran a $6.8 billion trade surplus last year with Brazil, according to the US Census Bureau. A statement by the White House said Brazil's judiciary had tried to coerce social media companies and block their users, though it did not name the companies involved, X and Rumble. Trump appears to identify with Bolsonaro, who attempted to overturn the results of his 2022 loss to Lula. Similarly, Trump was indicted in 2023 for his efforts to overturn the results of the 2020 US presidential .

NSE plays down 'world's largest' tag as Brazil's B3 claims top spot

NSE says Brazil's B3 has surpassed it in derivatives volumes due to smaller contract sizes; India VIX futures, power derivatives next in pipeline amid reforms

Street bullish on Torrent Pharma's prospects after in-line Q1 FY26

Analysts are optimistic on Torrent Pharma's growth after a solid Q1 FY26 report, with strong performance in Brazil and US generics despite currency volatility and German challenges

Torrent Pharma Q1 profit rises 20% to ₹548 cr on strong global sales

Torrent Pharmaceuticals on Monday said its consolidated net profit increased 20 per cent year-on-year to Rs 548 crore in the June quarter, driven by strong sales across markets, including India and the US. The drug firm reported a net profit of Rs 457 crore in the April-June quarter of the last fiscal. Revenue from operations rose to Rs 3,178 crore in the June quarter compared with Rs 2,859 crore in the year-ago period, Torrent Pharmaceuticals said in a statement. The drug maker said its India revenues rose by 11 per cent year-on-year to Rs 1,811 crore in the April-June period, led by outperformance in focus therapies. The US business revenues stood at Rs 308 crore in the June quarter, by 19 per cent year-on-year, it added. Similarly, revenue in Brazil rose by 11 per cent to Rs 218 crore, the company stated. Its sales in Germany were up 9 per cent year-on-year to Rs 308 crore in the June quarter against the same period last year. Shares of Torrent Pharma settled 0.75 per cent hi

Gaming firm MPL bets on AI to boost development cycles, write code faster

When it comes to changing the workflows or pushing minor features, the gaming company is encouraging its developers to outsource repetitive tasks to an AI agent or code editors

Brazil's top court defies Trump, signals no retreat on Bolsonaro probe

To the majority of the court's members, the Bolsonaro case is part of a larger fight to safeguard a relatively young democracy

What to know about trial of Brazil's former President Jair Bolsonaro

Brazil's former President Jair Bolsonaro will wear an electronic ankle monitor on orders from the Supreme Court, where he is on trial for allegedly masterminding a coup plot to remain in office despite his defeat in the 2022 election. The case received renewed attention after President Donald Trump directly tied a 50% tariff on Brazilian imported goods to Bolsonaro's judicial situation, which Trump called a witch hunt. The Supreme Court's order for Bolsonaro to wear an ankle monitor, among other restrictions, came after Federal Police and prosecutors said Bolsonaro is a flight risk. Authorities, listing multiple social media posts, also accused Bolsonaro of working with his son Eduardo to incite the United States to interfere in the trial and impose sanctions against Brazilian officials. On Friday, the US State Department announced visa restrictions on Brazilian judicial officials, prompting President Luiz Inacio Lula da Silva to condemn what he called the unacceptable interference

Trump pressures Brazil to drop charges against Bolsonaro; Lula hits back

In a letter addressed to Bolsonaro, Trump described him as a victim of terrible treatment and demanded that the trial against the former president end immediately

Brazil's Lula open to talks with Trump amid trade spat, says minister

Brazil's Lula open to talks with Trump amid trade spat, says minister