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This Brazilian oil giant posts record fuel exports despite COVID-19 crisis
Sat, Jun 06, 2020
Brazilian oil giant Petrobras said that it has exported a record 1.11 million tonnes of fuel oil in May, a massive 231 per cent higher than the volume exported in the same month last year, despite the COVID-19 crisis.
Amazon rainforest may collapse within decades if critical point is reached: Study
Wed, Mar 11, 2020
The study, published in the journal Nature Communications, noted that shifts in the Earth's ecosystems occur over human timescales of years and decades, meaning the collapse of large vulnerable ecosystems, such as the Amazon rainforest and Caribbean coral reefs, "may take only a few decades once triggered."
Brazilian President Jair Bolsonaro arrives in India
Fri, Jan 24, 2020
Brazilian President Jair Bolsonaro arrived in India for a 4-day visit. He was accompanied by his family. A traditional dance performance by artists welcomed him at the airport. Bolsonaro is the Chief Guest of Republic Day 2020.
PM Modi to visit Brazil for BRICS summit
Tue, Nov 12, 2019
PM Modi’s visit on November 13 and 14 will deliberate on boosting overall cooperation among the member nations of BRICS – Brazil, Russia, India, China and South Africa.
India may step up oil imports from Brazil, Mexico
Mon, Mar 25, 2019
India may increase oil imports from Brazil and Mexico to offset the loss of Venezuelan oil in the wake of US sanctions on that country.
Sugar mills worry over surplus, talk of 'industry collapse'
Sun, Oct 14, 2018
With the availability of sugar set to reach an unprecedented level of 44 million tonnes thanks to huge unconsumed stock from last year and expected higher production this year, an imminent threat of "industry collapse" is being talked about.
Donald Trump hits Brazil, India commerce after clinching North American trade deal
Tue, Oct 02, 2018
On Monday, U.S. President Donald Trump criticized Indian and Brazilian trade tactics, describing the latter as being "maybe the toughest in the world" in terms of protectionism.
PM Narendra Modi says India to work with BRICS for Fourth Industrial Revolution
Fri, Jul 27, 2018
Indian Prime Minister Narendra Modi on Thursday said that India will work with other member states of the BRICS economic bloc to prepare for the Fourth Industrial Revolution while reiterating India`s commitment to multilateralism, international trade and rule-based world order.
Emerging market's corporate vulnerable to rate hikes; Brazil and India the most: McKinsey
Tue, Jun 19, 2018
Following a decade of loose monetary policy and historically low interest rates aimed at boosting economic growth after the 2008-9 financial crisis, global central banks including the US Federal Reserve and the European Central Bank are either raising interest rates or signalling an end to accommodative policies.
Sterlite Power eyes $4 billion investment in Brazil by 2022
Sat, May 19, 2018
Looking for better returns and a wide range of opportunities for investments in Brazil, Sterlite Power's idea is to grow rapidly in the country and establish its headquarters in Sao Paulo as a base for future expansion.
Amazon eyes new warehouse in Brazil e-commerce push: Sources
Sat, Feb 10, 2018
Amazon.com Inc is looking to lease a 50,000-square-meter warehouse just outside Sao Paulo, people familiar with the matter told Reuters, as it steps up its push into Latin America`s biggest retail market, Brazil.
Diversity key for business innovation, better revenues: BCG
Sun, Jan 28, 2018
In both developing and developed economies, companies with above-average diversity on their leadership teams report a greater payoff from innovation and higher EBIT margins
Trump proposes to end visa lottery; favours skilled workers
Fri, Jan 26, 2018
Trump has been against diversity visa as he believes that this does not attract the best and the brightest to the US.
Amazon Web Services opens third Availability Zone in Asia-Pacific
Wed, Jan 24, 2018
In a bid to support the rapid expansion of the AWS customer base in the Asia-Pacific region, Cloud major Amazon Web Services (AWS) on Wednesday announced the opening of a third "Availability Zone" in Singapore.
Some WTO members to push for e-commerce rules as broader deal fails
Thu, Dec 14, 2017
A group of 70 World Trade Organization countries pledged on Wednesday to work toward new electronic commerce trade rules that promote open and predictable regulations, joining the initiative as a broader WTO agreement failed.
Amazon begins to offer electronics in Brazil from third-party sellers
Wed, Oct 18, 2017
The long-awaited move will offer televisions, cell phones and laptops from hundreds of independent sellers on Amazon's website in Brazil without involving the company in the tricky logistics.
Despite high fuel costs, car sales in India top emerging markets charts
Wed, Sep 20, 2017
Going ahead Moody's expects India’s automobile sales in 2017 to touch the 3.6 million units mark.
Unilever ends 2016 with fourth quarter sales growth below estimates in India, Brazil
Thu, Jan 26, 2017
Unilever has reported below estimated sales growth for the fourth quarter (Q4) of 2016 in India and Brazil.
Wipro buying Brazilian IT firm InfoServer for $8.7 million
Wed, Jan 25, 2017
Wipro is planning to buy Brazilian IT services provider InfoServer for $8.7 million.
Thai Airways to probe jet engine maker Rolls-Royce corruption
Thu, Jan 19, 2017
Thailand`s flagship airline on Thursday said it had launched a probe into revelations that Rolls-Royce paid millions of dollars in bribes to win contracts, including to airline employees and government officials.