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Brazil's Lula Calls BRICS Virtual Meet, Jaishankar to Attend

Financial Express Bengaluru

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September 06, 2025

HIS COUNTRY FACING 50% US tariffs, Brazil President Luiz Inacio Lula da Silva has called a virtual meeting of BRICS leaders on September 8 to figure out a response to the tariffs imposed by the Trump administration.

- SHUBHAJIT ROY

India and Brazil top the list at 50%, and Delhi has decided that External Affairs Minister S Jaishankar will attend the virtual meeting.

Given the optics of the summit, the thinking in Delhi is that participation, at this stage, should only be at the level of the External Affairs Minister.

In the West, the BRICS and SCO are viewed as anti-Western groupings. Delhi prefers to call them "non-Western groupings".

According to Brazilian officials, Lula wants discussions not only on the tariffs imposed by the Trump government, but also in support of multilateralism.

FLERE HISTORIER FRA Financial Express Bengaluru

Financial Express Bengaluru

Corporate leaders hail Bengal’s biz climate, pledge huge investments

TOP INDUSTRY LEADERS on Thursday lauded the Mamata Banerjee-led West Bengal government for maintaining a “favourable” business climate, as several companies announced expansion and fresh investment plans during a conclave here.

time to read

1 min

December 19, 2025

Financial Express Bengaluru

More pressure likely for GIC Re

THE REDUCTION IN capital requirements for foreign reinsurance branches (FRBs) under the latest Insurance Amendment Bill is expected to attract more overseas players into the ₹98,000-crore domestic reinsurance market.

time to read

1 mins

December 19, 2025

Financial Express Bengaluru

Oman FTA to boost capital flow

TRADE EXPERTS SAID the significance of the deal is more than what the current trade suggests, as it would help strengthen New Delhi’s economic and geopolitical presence at the mouth of the Gulf.

time to read

2 mins

December 19, 2025

Financial Express Bengaluru

Securities market Bill in LS

UNDERTHE BILL, the strength of the Sebi board will increase from nine to 15 members. The Code also provides a framework for inter-regulatory coordina- tion, including for the listing of non-traditional securities, and introduces regulatory sand- boxes to facilitate innovation in financial products, contracts and services. In addition, Sebi will be mandated to follow a transparent and consultative process while issuing subordi- nate legislation, conduct peri- odic reviews of regulations, and carry out regulatory impact assessments.

time to read

2 mins

December 19, 2025

Financial Express Bengaluru

Ola founder sells another 28.3 million shares; stock hits new low

OLA ELECTRIC FOUNDER

time to read

1 min

December 19, 2025

Financial Express Bengaluru

Oman FTA to facilitate easier flow of capital, professionals

ALMOST ALL EXPORTS from India to Oman will be at zero duty after the trade agreement signed on Thursday between the two countries comes into force by March, with farm goods, textiles, engineering, electronics, chemicals and auto sectors among the major beneficiaries.

time to read

1 min

December 19, 2025

Financial Express Bengaluru

Firms can have 50% of Indian staff in Oman

BIZ VISITORS PERMITTED TO STAY UPTO 90 DAYS

time to read

1 mins

December 19, 2025

Financial Express Bengaluru

ECB registrations at two-year low

ACTIVITY SLOWS

time to read

1 mins

December 19, 2025

Financial Express Bengaluru

AMC stocks rise on higher cap for brokerage fees

HAILING SEBI MOVE

time to read

2 mins

December 19, 2025

Financial Express Bengaluru

Investor wealth growth in 2025 slowest in seven years

AFTER BACK-TO-BACK GAINS

time to read

1 min

December 19, 2025

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