INDIA BRAZIL PARTNERSHIP
YC-backed healthtech startup BioStack raises $9.5 million from Peak XV, DCVC, others
The Y Combinator-backed startup, which operates across India, the US, Brazil and Argentina, has access to more than 100 million de-identified patient records. It brings together fragmented clinical information, including medical scans, pathology reports, prescriptions, treatment histories and patient outcomes, to create complete patient records that can be used to train AI models.
India’s ‘dear friend’ is back in power in Brazil, and a $30 billion trade opportunity is on the table
Prime Minister Narendra Modi congratulated Brazilian President-elect Luiz Inácio Lula da Silva on his re-election, pledging to deepen the India-Brazil Strategic Partnership. Bilateral trade rose 25% to $15.21 billion in 2025, with Lula setting a target of $30 billion.
Research: Navigating the Business Risks of Changing Pro-America Sentiment
U.S. firms increasingly operate in a marketplace where “Made in USA” is no longer a neutral provenance claim but a charged political signal. A new study analyzing 5,355 companies over twenty years found that pro-America marketing has increasingly shifted from pride-based patriotism to grievance-fueled, us‑versus‑them nationalism. While this can create upsides—new customers, loyalty, pricing power—it also exposes companies to narrative capture, boycotts, and legal scrutiny. To avoid risk, companies must examine their exposure along two axes: domestic embeddedness and symbolic intensity. Leaders must align operations and symbolism, set clear guardrails, and proactively manage meaning drift before others define their loyalties.
‘We will continue to strengthen our cooperation’: PM Modi congratulates Brazilian President Lula on re-election
Prime Minister Narendra Modi congratulated President Luiz Inácio Lula da Silva on his re-election in Brazil. Modi expressed his eagerness to enhance the India-Brazil Strategic Partnership and broaden collaboration across various sectors. The two leaders discussed their commitment to addressing shared priorities within the Global South. Modi emphasized their goal of creating a more inclusive and sustainable world together.
L'Oreal bets on quick commerce, local products to accelerate India growth
L'Oreal is seeing substantial growth in its Indian market, supported by enhanced team capabilities and localization strategies. The company's consumer products division reported double-digit growth, particularly in haircare and skincare. L'Oreal is expanding its skincare brands CeraVe and La Roche-Posay into new cities to meet rising consumer demand. Additionally, L'Oreal has acquired a majority stake in Innovist to boost its digital-first marketing approach in India.
India eyes a $20 billion pot of gold in New Zealand as its trade pact goes live
The free trade agreement between India and New Zealand promises to promote trade and enhance professional movement. While some goods may enjoy duty-free status, a significant rise in merchandise exports might take time. However, New Zealand's engagement in several service sectors holds potential benefits for Indian companies. The agreement also opens up new job opportunities for Indian students and creates pathways for skilled professionals.
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From rocks to riches: India’s unfinished critical minerals story
India's manufacturing industry is significantly affected by its heavy reliance on imported critical minerals like lithium and cobalt. The recent supply disruptions from China have highlighted weaknesses in India's domestic capacity for refining these minerals. Efforts to enhance mineral processing and create integrated production facilities are underway to reduce import dependence.
Lula vs Bolsonaro: As Brazil lies on the brink of tilting right, India watches its major BRICS partner
Flávio Bolsonaro secured leading votes against incumbent Luiz Inácio Lula da Silva in Brazil's elections on October 4. The runoff on October 25 could solidify right-wing power across South America, following a regional trend. Lula aims to reduce economic inequality while Bolsonaro focuses on crime and spending cuts. India is observing the elections closely due to its strategic partnership with Brazil in various sectors.
AI agent startup RapidCanvas raises $29 million from Vertex Ventures, others
Hitachi Ventures and existing investors Accel, Peak XV Partners, Valley Capital Partners and Titanium Ventures participated, taking the startup’s total funding to $52.5 million.
India urges UN human rights mechanisms to avoid politicisation, selectivity
India presented its statement at the UNGA Third Committee, emphasizing the need to respect cultural contexts in human rights. The country aims to advance human rights for all without selectivity and double standards. India's representative criticized unverified claims in a UN report regarding indigenous rights under the Forest Rights Act. India highlighted its achievements in lifting millions out of poverty while ensuring social protection.
Assessing products to counter side effects of GLP-1, says Bayer's Triana
Bayer AG plans to expand its consumer health business in India significantly by 2030. The company aims to triple its revenue in the Indian market during this period. Bayer is specifically targeting opportunities in digestive health, nutrition, and multivitamins related to GLP-1 drug side effects. Additionally, Bayer will develop products locally and seek manufacturing partnerships to enhance their market presence.
New draft steel policy targets 604 million tonnes capacity by 2047
India has unveiled a new draft national steel policy targeting 604 million tonnes capacity by 2047. The initiative also aims to increase exports to 45 million tonnes in two decades. Measures will focus on reducing carbon emissions and promoting technology indigenisation in steel production. Infrastructure development will be emphasized alongside research, safety, and workforce improvements.
Opportunity alone doesn’t create trade. Connectivity does
BRICS 2026 has built momentum. The next chapter will depend on how effectively agreements are matched by the corridors, infrastructure, technology, and systems needed to move goods reliably, with alternatives when disruptions occur.
Lockheed Martin to expand production in India, if it wins transport aircraft bid
Lockheed Martin is planning to enhance its production capabilities in India based on a tender for 60 medium transport aircraft. This procurement is valued at USD 10.5 billion, attracting several Indian firms as partners. Lockheed Martin's proposal includes 12 flyaway aircraft and 48 to be manufactured in India. The company aims to upgrade the existing C-130J fleet of the Indian Air Force.
Egypt navigates Mecca pact, steps up ties with India
President Abdel Fattah el-Sisi of Egypt met Indian Prime Minister Narendra Modi to deliberate over the Mecca Pact. Their talks centered on fostering robust bilateral strategic partnerships, amid Egypt's choice to refrain from joining the defense pact. Observers remark that the Mecca Pact's relevance is questionable due to a shared enemy's absence. Nonetheless, Egypt positions itself as a crucial stabilizing force within the region.
India goes FTA shopping at G20 as Piyush Goyal works the room with a cart full of trade deals
India's Commerce Minister Piyush Goyal is actively engaged in negotiations for several trade agreements at the G20 meeting. Talks with the US include an interim pact and finalizing issues for a broader agreement. Discussions with Canada aim to conclude a Comprehensive Economic Partnership Agreement by the end of 2026. Existing trade agreements with the UK and Australia are also under review for their implementation and effectiveness.
‘India’s biotech ecosystem holds tremendous promise’: Eli Lilly CEO
Eli Lilly has experienced significant growth, reaching a market capitalization over $1 trillion. The company aims to maintain its leadership in anti-obesity drugs through ongoing innovation and development. With successful trials for drugs like retatrutide and Foundayo, Lilly is expanding its product offerings. The company recognizes the importance of India as a growing market for healthcare investments and partnerships.
IICT signs five MoUs to strengthen India’s AVGC-XR and creative-tech ecosystem
In a significant move, the Indian Institute of Creative Technologies has signed five MoUs with several organizations to strengthen industry partnerships. These agreements are tailored to encourage educational and technological improvements in creative sectors, specifically targeting skill enhancement and infrastructure in the audiovisual field. This initiative aspires to link budding talents with global career opportunities while fostering a thriving creative economy in India.
India and Qatar accelerate talks on Bilateral Investment Treaty and Free Trade Agreement amidst USD 10 billion investment
India and Qatar have agreed to accelerate discussions on a Bilateral Investment Treaty and Free Trade Agreement. Finance Minister Nirmala Sitharaman and Qatar’s Minister of State for Foreign Trade reviewed investment opportunities in key sectors. Both nations aim to implement a USD 10 billion Qatari investment commitment and establish a QIA office in India. Sitharaman also emphasized the need for normal trade flows in the Gulf region.
Canada at UNGA: Building renewed partnerships, strengthening multilateralism with India, others
Canadian Foreign Minister Anita Anand highlighted efforts to build renewed partnerships with large economies like India and China, as well as new initiatives with New Delhi to strengthen multilateralism, at the UN General Assembly. She said Canada is focused on diversifying its trade and catalysing a trillion dollars of investment in the country over the next five years. Efforts to strenghten multilateralism is underway with an inaugural multilateralism summit, co-sponsored by India, at the UN.
Jaishankar meets Russia, Iran foreign ministers at UNGA days after Trump signs sanctions law
During the UN General Assembly, India's External Affairs Minister S. Jaishankar conferred with officials from Russia and Iran, highlighting vital areas like bilateral ties, BRICS collaboration, and the Gulf conflict. He reaffirmed India's focus on energy security in light of recent US sanctions. Furthermore, Jaishankar participated in discussions with the Gulf Cooperation Council to fortify partnerships, alongside co-chairing a dialogue centered on the ramifications of artificial intelligence on maritime security.
ET Prime Special Series: Multibagger or IBC - Part 77: This auto ancillary wants to double revenue by FY30. Execution to decide
A business can diversify in two ways: Slowly, by building new capabilities internally; or quickly, by acquisitions. This supplier has chosen the second route. It has expanded from a mechanical-only portfolio to a multi-discipline platform, doubled its manufacturing footprint, and added more than four alliances. The opportunity is obvious: A broader product basket and new global orders. The risk is equally important. The new businesses still have to prove that growth can translate into durable returns.
India co-sponsors inaugural partners for multilateralism summit at UN
India co-sponsored a UN summit on multilateralism, stressing participative deliberations. Leaders met as the global order faces significant stress and geopolitical tensions. They discussed addressing crises like fuel, food, and finance through cooperation. Reformed multilateralism is essential for strengthening international law and norms. The summit aimed to reinforce cooperation for peace, security, and development.
EMW Global enters Indian market, signs Rinku Singh as first cricket talent
EMW Global has launched its India headquarters and signed Kolkata Knight Riders vice-captain Rinku Singh as its first cricket talent in the country. The agency, which works with global sports names including Lionel Messi and Neymar Jr, plans to connect Indian athletes with international brands while bringing global sporting partnerships into India.
From historical solidarity to strategic trade: The India–South Africa opportunity
India and South Africa are forging new pathways in trade and investment, showcasing a remarkable growth in bilateral trade. Both nations are setting their sights on ambitious targets. South Africa supplies vital minerals that bolster India's expanding industries, while India brings extensive manufacturing expertise and execution prowess to South Africa's projects. This collaborative effort is underpinned by a rich historical relationship and a commitment to mutual prosperity.
PM Modi holds bilateral meeting with Abu Dhabi Crown Prince on sidelines of 18th BRICS Summit
Prime Minister Narendra Modi met Abu Dhabi Crown Prince Khaled bin Mohamed bin Zayed Al Nahyan. This meeting occurred on the sidelines of the 18th BRICS Summit in New Delhi. The UAE's recent membership in BRICS was a key discussion point for both leaders. Discussions focused on strengthening the Comprehensive Strategic Partnership between India and the UAE.
BRICS 2026: A declaration, no roadmap
India displayed diplomatic strength by forging consensus for the New Delhi Declaration. Member nations hold differing perspectives on BRICS's future direction and goals. China's influence is evident as it prepares for its upcoming chairmanship of the grouping. The declaration reiterates support for UNSC reform without setting a clear timeline. BRICS members aim to shape global rules rather than merely follow them.
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.
Biocon shares rise 3% after Rs 638-crore block deal; Active Pine likely seller
Biocon shares rose after a block deal involving around 1.65 crore shares. Investor Active Pine was reportedly looking to sell up to 1.66 crore shares, or about 1% stake, for around Rs 638 crore at a floor price of Rs 385 per share, implying a discount of up to 1.9% to the market price. The seller will face a 30-day lock-up on further stake sales.
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