BRASIL
PM Modi gifts 3 award-winning Indian cheeses to Swiss President Guy Parmelin
During a significant meeting in New Delhi, Prime Minister Narendra Modi presented three unique Indian cheeses to Swiss President Guy Parmelin. The selection featured Gulmarg, a French-style Brie, rich and creamy Konark Tomme, and Yeoor, reminiscent of Swiss Gruyère but with a twist of Indian flavor.
New OTT releases of the week (September 21 - September 27): 10 new movies and shows on Netflix, Prime Video, JioHotstar and more
This week brings a mix of new movies and shows to streaming platforms. Netflix has crime thrillers and horror series, while JioHotstar and ZEE5 are adding crime and supernatural stories. Prime Video will release a coming-of-age romantic comedy and a reality show. With several genres to choose from, there is something for everyone to watch this weekend. Read on!
Brazil is in fashion, as Brazilians like to say. Here's why
Brazil is experiencing a surge in global popularity and cultural appreciation. Brazilcore fashion and increased tourism are driving this significant international attention. Celebrities and major brands are embracing Brazilian culture and its vibrant aesthetics. This trend reflects a growing "caramelo pride" celebrating the nation's unique identity. However, experts suggest this heightened interest may eventually begin to fade.
Brazil, India have potential to build deeper strategic, economic ties: FM Mauro Vieira
Brazil and India's bilateral trade is rapidly growing and nearing twenty billion dollars. This partnership holds significant potential for deeper strategic and economic collaboration. Brazilian companies are expanding their presence and activities across various Indian sectors. BRICS serves as a vital platform for dialogue and consensus-building among nations. Brazil also seeks to strengthen its engagement with Asian markets and foster cooperation.
India can steer expanded BRICS from rapid growth to practical cooperation: Brazil media
The upcoming BRICS summit in New Delhi will focus on consolidating the bloc's recent expansion. India's Prime Minister Modi is expected to play a key role in this transition. The summit aims to transform collective weight into practical cooperation among diverse members. Areas like development finance and technology will be central to the bloc's future agenda. Success hinges on strengthening institutions and managing internal differences effectively.
Nestle to build infant formula plant in Brazil as part of $393 million investment
Nestle will invest two billion reais in its Brazilian nutrition and health division through 2028. This significant investment includes 600 million reais for a new infant formula factory. The new plant, set to begin operations in 2028, will produce several popular infant formulas. Nestle's nutrition and health business is a key global and Brazilian strategic growth priority. The company also plans to increase production at its existing Aracatuba industrial complex.
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Brazil, South Africa, India Key global south partners: Mauro Vieira
Brazilian Foreign Minister Mauro Vieira has described Brazil, South Africa and India as major democratic partners of the Global South, stressing the need to strengthen cooperation in trade, investment, technology and sustainable development, as reported by Brasil 247.
Stocks in news: BPCL, HAL, RailTel, Saatvik Green Energy and Samvardhana Motherson
Indian equity benchmarks ended a seven-session losing streak on Thursday, August 20. The NSE Nifty50 closed higher, reclaiming its 50-day exponential moving average. Several companies, including BPCL and HAL, announced significant corporate developments. RailTel Corporation received a work order, and Saatvik Green Energy secured a module supply order. Manipal Health Enterprises reported a decline in net profit for the quarter.
Nokia expands partnerships with TIM Brasil, Deutsche Telekom in AI technology push
Nokia is bolstering its partnerships with TIM Brasil and Deutsche Telekom, expanding its reach in Brazil and accelerating cloud-based AI network development. These moves, following a recent Telefonica deal, underscore Nokia's strategy to leverage the global AI boom for new revenue, aiming to offset challenges in the 5G sector.
Banco do Brasil aims to boost Brazil-India trade to $100 billion: Tarciana Medeiros
Banco do Brasil aims to boost India-Brazil trade to 100 billion dollars. President Tarciana Medeiros highlighted the bank's role as a strategic bridge. Key sectors for growth include agribusiness, energy, mining, pharmaceuticals, and technology. Collaboration in fintech, digital payments, and green finance is also a focus. This partnership seeks to strengthen economic ties and promote development between the two nations.
HCLTech wins Banco Do Brasil deal
HCLTech’s partnership with Salesforce will be used by Banco do Brasil to hyper-personalise customer relationship and service solutions, drive customer satisfaction and engagement within their omnichannel ecosystem.
Brazil: 14 dead after medium-sized aircraft crashes in Barcelos
A medium-sized aircraft crashed in Barcelos, Brazil, killing all 14 people on board. The plane, carrying 12 tourists and two crew members, was attempting to land in heavy rain when the accident occurred. The investigation into the crash will focus on determining the cause, including any contributing factors. The aircraft belonged to Manaus Taxi Aereo and had met all necessary safety requirements.
ArcelorMittal Brasil and Votorantim sign agreement to combine their Brazilian long steel businesses
The combination of the businesses will result in a long product steel producer with annual crude steel capacity of 5.6 million tonnes.
Shree Renuka Sugars declares its Brazilian unit bankrupt
Shree Renuka entered the Brazilian sugar sector in 2009, when it bought controlling stakes in the four mills from two local companies.
Hindalco to acquire alumina refinery from Novelis
In 2007, Novelis was acquired by Hindalco Industries and following the merger, Novelis became a wholly owned subsidiary of Aditya Birla Group.
Shree Renuka Sugars to sell 25% in Renuka Brasil Holdings
Shree Renuka Sugars is in talks with several private equity companies and strategic investors to sell 25% stake to retire debt in Renuka Brasil Holdings.
United Phosphorus acquires 51% stake in Brazil's DVA Agro for $150 mn
The company has acquired a 51% stake in DVA Agro Do Brasil from Germany's DVA Group and other shareholders, UPL said in a statement.
Videocon shares surge 5% on Brazilian co acquisition
Videocon shares soared more than 5 per cent after it said its joint venture with Bharat PetroResources has completed the acquisition of Brazilian oil assets of Encana Corp for $165 million.
320,000 DWT bulker named Ship of the Year
MOL-operated iron ore carrier Brasil Maru has been selected as the Ship of The Year for 2007 by Japan Society of Naval Architects and Ocean Engineers.
ArcelorMittal to buy London Mining Brasil
ArcelorMittal, the world's biggest steel producer, said on Wednesday it had agreed to buy iron ore miner London Mining Brasil for up to $810 million to help improve its self-sufficiency in raw materials.
Telefonica Oi buys Brasil-Telecom for $3.5 bn
Brazilian telecommunications group Oi announced on Friday it had bought out rival Brasil Telecom for 3.5 billion dollars (5,863 million reals).
BPCL-Videocon acquire 50% stake in EnCana Brasil
Videocon Industries and state-run Bharat Petroleum Corporation acquired 50 per cent stake in Brazil's EnCana Brasil Petroleo Limitada.
Videocon-BPCL team digs into EnCanBrasil
Videocon Industries and Bharat Petroleum (BPCL) have jointly acquired a sizeable stake in the Brazilian oil exploration company, EnCanBrasil, a subsidiary of the Canadian oil company Encana.
Cadila Healthcare buys out Brazilian Nikkho
Cadila Healthcare Ltd has acquired 100 per cent stake in Quimica e Farmaceutica Nikkho do Brasil for $25 million.
TCS buys out Brazilian JV co
TCS acquired Grupo TBA's 49% stake in the company, which will now be wholly owned by TCS.
TCS buys out Grupo TBA stake in Brazil
TCS has increased its stake to 100 per cent in the joint venture IT services company TCS do Brasil for $33.4 mn.
Mittal to appeal ruling requiring Arcelor Brazil buyout
Mittal Steel Co NV has said it would appeal a ruling by Brazilian regulators requiring it to make a buyout offer to shareholders of a Brazilian division of Arcelor SA, as part of a merger of the world's two largest steel makers.
'Mittal must make offer for Arcelor Brasil'
Mittal Steel Co NV must make an offer to buy out shareholders of a Brazilian division of Arcelor SA as part of their blockbuster steel company merger, Brazilian regulators ruled, in a side deal.
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