Page 6 - Brazil

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

Brazilian ex-President echoes Trump, calls coup plot trial 'witch hunt'

Brazil's chief prosecutor has called for a guilty verdict in the case of far-right former President Jair Bolsonaro, who is on trial accused of leading an alleged coup plot. The evidence is clear: the defendant acted systematically, throughout his mandate and after his defeat at the polls, to incite insurrection and the destabilization of the democratic rule of law, Prosecutor-General Paulo Gonet said in a 517-long page document released late Monday. Bolsonaro is accused of seeking to overturn the 2022 election in which he was defeated by a left-wing rival. All the accusations are false. I never violated democracy or the constitution, Bolsonaro said on X hours before Gonet submitted his final report. The ex-president said that the trial was a witch hunt, echoing a term used by US President Donald Trump when he came to his South American ally's defense last week. The prosecution accuses Bolsonaro of leading an armed criminal organization, attempting to stage a coup and attempting ...

Nato chief warns India, China, Brazil of US sanctions over Russia ties

Trump didn't name Brazil, China or India but those are three countries that have continued to buy Russian oil and petroleum products in the years since Putin's forces invaded Ukraine in 2022

Trump's 50% tariff on Brazilian goods could increase US burger prices

Proposal is a blow to US meat companies also facing tighter cattle supplies due to a halt of livestock imports from Mexico over New World screwworm, a flesh-eating pest spreading south of the border

Brazil can survive without US trade, says Lula amid Trump tariff threat

In televised interviews, Lula struck a defiant tone, saying Trump must respect Brazil's sovereignty and cannot act as if he owns other nations

Brazil vows retaliatory tariffs if Trump goes through with 50% import taxes

Brazilian President Luiz Incio Lula da Silva said Thursday that he will impose retaliatory tariffs on the United States if President Donald Trump follows through on a pledge to boost import taxes by 50% over the South American country's criminal trial against his predecessor, Jair Bolsonaro. Lula said he will trigger Brazil's reciprocity law approved by Congress earlier this year if negotiations with the US fail. If there's no negotiation, the reciprocity law will be put to work. If he charges 50 (per cent tariffs) from us, we will charge 50 from them, Lula told TV Record in excerpts of an interview that will be fully aired later in the day. Respect is good. I like to offer mine and I like to receive it. Lula's comments raise the risk of a tariffs war erupting between the two countries, similar to what has happened between the US and China. Trump has vowed to respond forcefully if countries seek to punish the US by adding tariffs of their own. The tariffs letter that Trump sent to

'Brazil will not accept tutelage': President Lula as Trump slaps 50% tariff

Brazilian President Luiz Inácio Lula da Silva condemns Donald Trump's 50% import tariff and rejects US interference in Bolsonaro trial

Trump slaps 50% tariff on Brazil over Bolsonaro 'witch hunt' trial

US President Donald Trump triggers a 50% tariff on Brazilian imports over Jair Bolsonaro's prosecution, prompting sharp retaliation from President Lula

Watch: PM Modi conferred with Brazil's highest civilian honour | India-Brazil relations

Prime Minister Narendra Modi was on Tuesday conferred with Brazil's highest civilian award, the Grand Collar of the National Order of the Southern Cross.

PM Modi concludes visit to Brazil, sets $20 billion trade goal: Key highlights | India-Brazil

Prime Minister Narendra Modi has concluded his two-day visit to Brazil, where he and Brazilian President Luiz Inácio Lula da Silva discussed key issues across strategic sectors

Want India-Brazil relation to be as passionate as football: PM Modi

India and Brazil on Tuesday set a target of nearly doubling the bilateral trade to USD 20 billion in annual trade in the next five years and inked six agreements to expand cooperation in a range of sectors including energy and agriculture following talks between Prime Minister Narendra Modi and Brazilian President Luiz Inacio Lula da Silva. The two leaders also deliberated on combating terrorism with Modi saying both sides were clear that there is no place for double standards on terrorism. "We have a similar thinking on the fight against terrorism -- zero tolerance and zero double standards. We are clear that there is no place for double standards on terrorism," the prime minister said in his media statement. "We strongly oppose terrorism and those who support terrorism," he added. Modi travelled to Brasilia on Monday evening after attending the two-day BRICS summit in this seaside Brazilian city of Rio de Janeiro. "We want India-Brazil relations to be as colourful as carnival,

PM Modi, Brazil President set $20 bn trade target for next 5 years: MEA

The two leaders discussed the entire spectrum of the partnership, Ministry of External Affairs (MEA) Secretary (East) P Kumaran said

PM Modi leaves for Namibia after concluding two-day visit to Brazil

Prime Minister Narendra Modi on Tuesday left for Namibia after concluding his two-day visit to Brazil, where he attended the 17th BRICS Summit in Rio de Janeiro and held talks with President Luiz Inacio Lula da Silva on various issues, including trade and terrorism. Modi is on a five-nation visit, and Namibia will be his last stop. In Brasilia, PM Modi held "productive talks" with President Lula, the Prime Minister's Office said in a post on X. The discussions focused on diversifying trade ties, as well as expanding cooperation in clean energy, sustainable development and mitigating climate change. The leaders also agreed to deepen collaboration in defence, security, agriculture, space, semiconductors, artificial intelligence (AI) and Digital Public Infrastructure, it said. Prime Minister Modi in a post on X also said that he held "fruitful talks with President Lula, who has always been passionate about India-Brazil friendship". "Our talks included ways to deepen trade ties and al

PM Modi awarded Brazil's highest civilian honour by President Lula

President Lula conferred Brazil's highest civilian honour, the 'Grand Collar of the National Order of the Southern Cross', on PM Narendra Modi

There is no place for double standards on terrorism: PM Modi in Brazil

India and Brazil strongly oppose terrorism and those who support it, Prime Minister Narendra Modi said on Tuesday while asserting that there is no place for double standards on terrorism, in a veiled reference to Pakistan and its all-weather ally China. "Our thinking on the fight against terrorism is aligned - zero-tolerance and zero-double standards," Modi said during a joint press statement with Brazilian President Luiz Incio Lula da Silva after their delegation-level talks. India and Brazil strongly oppose terrorism and those who support it, the prime minister said, without naming any country. In the past, India has described Pakistan as the "global epicentre of terrorism." "There is no place for double standards on terrorism," he said, in a veiled reference to China, which is an all-weather ally of Pakistan. PM Modi thanked President Lula for its solidarity and support in the aftermath of the Pahalgam terrorist attack in April. During the meeting, the two leaders held extensiv