INDIA BRAZIL TIES
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.
Brazil stock market to crash today? What Lula’s surprise victory in elections means for emerging markets, commodities
Brazil’s stock market faces a potential sharp selloff after President Luiz Inácio Lula da Silva’s surprise election victory dashed investor hopes of a change in government and fiscal policy. Analysts warn of possible circuit breakers as the real weakens and soybean futures slide, with emerging markets also watching the fallout.
‘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.
Christopher Wood swapped Nvidia for a Greek infrastructure stock. The bet is paying off
Jefferies’ Christopher Wood replaced Nvidia with Greek infrastructure company GEK TERNA in his global long-only equity portfolio in October 2025. Since then, GEK TERNA has gained 65% in US-dollar terms, compared with Nvidia’s 15%. The shift reflects Wood’s preference for infrastructure, fiscal reform and improving economic fundamentals over crowded AI trades.
Money managers say there’s nowhere to hide as Super El Niño forms
Investors are preparing for the impacts of an unprecedented El Niño cycle affecting global markets. The weather phenomenon is linked to rising food prices and inflation estimates, heightening economic concerns. Analysts identify several vulnerable nations, including Indonesia, Brazil, and Colombia, likely to experience spillover effects. Strategies to cope include focusing on businesses developing technologies for extreme weather resilience. The widespread effects of El Niño necessitate adaptations spanning various sectors globally.
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India-NZ FTA in force: Over half of New Zealand’s exports to India now tariff-free, Wellington also eyes Brazil, Canada
New Zealand is working to strengthen trade relations with Brazil and Canada in response to economic uncertainties. The country expects to complete the first New Zealand-Brazil Trade and Investment Dialogue after upcoming elections. A new free trade agreement with India has been implemented, making more than half of exports tariff-free. The agreement will benefit various products, including sheep meat and wool, as well as local businesses.
500%, 100%, then a waiver: How India escaped Trump's Russia tariff threat
In the beginning it was 500%, then it came down to 100% and then, a waiver. This is how the tariff threat has evolved from an ambitious proposal into a more flexible instrument of policy for Trump and US. For India, the immediate danger has receded. But with US retaining the power to reinstate the measures, the waiver offers relief rather than a lasting resolution.
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.
Indian pharma's risk aversion holding back innovation: Kiran Mazumdar-Shaw
Biocon chairperson Kiran Mazumdar-Shaw calls for greater use of digital technology to speed up drug development, as industry leaders push for a shift beyond generics.
UN ‘largely irrelevant’ to major global conflicts, Jaishankar says, calls for reform
S Jaishankar addressed the need for reform in the United Nations during the 5th Kautilya Economic Conclave. He pointed out the UN's irrelevance in addressing significant global issues, including conflicts in Ukraine and the Gulf. Jaishankar noted that the Security Council is gridlocked and does not represent global interests adequately. He emphasized the importance of fixing the UN instead of bypassing it.
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 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.
US indifference to terrorism from neighbour impacts ties: Jaishankar
India's external affairs minister S Jaishankar addressed concerns regarding bilateral relations with the United States. He highlighted that India's issues with cross-border terrorism should be understood by its partners. Jaishankar also noted that greater empathy regarding India's security challenges is necessary for the relationship to flourish.
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.
Embraer says Mahindra will be its partner for IAF's 60 transport plane tender, to partner with Adani for commercial planes
Brazilian aerospace firm Embraer has partnered with Indian Mahindra Group for the Indian Air Force's transport aircraft programme. The partnership will involve offering Embraer's KC-390 jet as a solution to replace older aircraft. Embraer has highlighted the KC-390's superior performance compared to the C-130J offered by Tata-Lockheed Martin. The company plans to expand its supply chain and maintenance operations from India to support global requirements.
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.
China goes shopping in India as exports jump 39% and BRICS trade picks up
India’s exports are gaining ground across key markets, with shipments to four core BRICS economies rising 34% to $19.9 billion in April-August 2026-27. China and South Africa led the growth, while exports to Japan, Italy and South Korea also rose sharply, pointing to a broader expansion in India’s export footprint.
Trump signs Russia-Iran sanctions law, opens door to 100% tariffs on India
US President Donald Trump has signed the Sanctioning Russia and Iran Act of 2026, allowing tariffs of up to 100% on countries including India and China that buy Russian oil and gas. The law also expands sanctions on Russia’s energy and defence sectors and gives Trump broad discretion over which countries face the new tariffs.
Davis Cup: India trail Korea 0-2 as Nagal and Suresh squander early leads
India faces an uphill battle in the Davis Cup Qualifier tie against Korea. Dhakshineswar Suresh and Sumit Nagal lost their respective singles matches on Friday. This leaves the Indian team trailing the hosts by a significant margin of two rubbers. India now needs to win all remaining matches to advance. This challenging scenario mirrors past comebacks in Indian Davis Cup history.
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.
A crisis is shaking Brazil's Supreme Court. Here's what to know
Brazil's Supreme Court is experiencing an unprecedented crisis with canceled sessions and overruled decisions. The court faces allegations of graft and political bias ahead of the presidential election. A collapsed bank investigation has linked several politicians and judiciary members to fraud. Justices are accused of selective case handling, intensifying political divisions. The court's turmoil has become a central issue in the upcoming presidential race.
Xi's plan, with more BRICS characteristics
Xi Jinping's five-point plan offers greater BRICS cooperation and a potential shift in focus. This initiative places technology and industrial integration at its core. Member nations should offer transparent alternatives to China's proposed AI framework. Past chairs have ensured BRICS serves as a forum for emerging economies. Developing economic ties beyond the group will broaden future options.
Modi, Xi meet in Delhi, call for stable ties as India-China thaw gathers pace
Indian Prime Minister Narendra Modi and Chinese President Xi Jinping met at the BRICS summit. They discussed repairing ties strained by a deadly border clash six years ago. Both leaders reaffirmed commitment to a fair settlement of the boundary dispute. They also explored expanding people-to-people and business ties between the nations. This meeting marks another effort toward a cautious thaw between the rival neighbors.
EAM Jaishankar meets Nigeria, Cuba, Belarus counterparts on BRICS sidelines
India hosts the 18th BRICS Summit in New Delhi, focusing on cooperation and sustainability. External Affairs Minister S Jaishankar met Nigerian and Cuban foreign ministers. Discussions covered economic ties and South-South cooperation between nations. He also reviewed bilateral relations with Belarus, including trade and investments. Leaders will deliberate on shared priorities and international matters during the summit.
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.
Modi-Xi meet: China calls for strategic, long-term ties as India backs bilateral cooperation
Prime Minister Modi and President Xi held a meeting at the BRICS Summit in New Delhi. This meeting marks Xi's first India visit in nearly seven years. The leaders aim to improve relations after the eastern Ladakh standoff. They are expected to discuss border peace and the broader development of bilateral ties. China will assume the BRICS chair after the summit concludes.
PM Modi holds bilateral talks with Malaysia's Anwar Ibrahim at Hyderabad House
Prime Minister Narendra Modi met with Malaysian counterpart Anwar Ibrahim in New Delhi. They discussed strengthening cooperation in defence, trade, and digital technologies. Malaysian PM Ibrahim arrived for the 18th BRICS Summit, which India will host. He will also meet India's Grand Mufti and leaders from Russia and Iran. The visit aims to bring tangible benefits to both nations and their people.
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