
PM Modi departs for Brasilia after attending BRICS Summit in Rio de Janeiro
PM Modi is travelling to Brasilia for his State Visit to Brazil, where he will hold bilateral discussions with Brazilian President Luiz Inacio Lula da Silva on the broadening of the Strategic Partnership between two nations in areas of mutual interest, including trade, defence, energy, space, technology, agriculture, health and people-to-people linkages.
Earlier on Monday, PM Modi met Uruguay President Yamandu Orsi on the sidelines of the BRICS Summit and discussed the expansion of the India-MERCOSUR Preferential Trade Agreement.
'They reviewed cooperation in the areas of digital collaboration, ICT, Digital Public Infrastructure and UPI, defence, railways, health and pharmaceuticals, agriculture, energy, culture and people-to-people linkages,' the MEA said in a statement.
'A key area of discussion was strengthening bilateral trade and investment. Both sides expressed interest in the expansion of the India-MERCOSUR Preferential Trade Agreement, aiming to unlock greater economic potential and trade complementarities,' it added.
Earlier, PM Modi, along with other BRICS leaders, partners and outreach invitees, gathered for the traditional family photo at the 17th BRICS Summit in Rio de Janeiro.
While addressing a session on 'Environment, COP-30 and Global Health' at the BRICS Summit in Brazil on Monday, PM Modi said India would redefine the BRICS grouping under its upcoming chairmanship by focusing on 'Building Resilience and Innovation for Cooperation and Sustainability.'
'Under India's BRICS Chairmanship, we will define BRICS in a new form. BRICS would mean 'Building Resilience and Innovation for Cooperation and Sustainability'.' He affirmed that India would carry forward the spirit of people-centric progress during its leadership of the BRICS in the coming year.
PM Modi arrived in Brazil on Saturday (local time) after concluding his visit to Argentina, where he held a bilateral meeting with Argentine President Javier Milei. After Brazil, PM Modi will head to Namibia on July 9 and also address its parliament.
PM Modi began his five-nation visit on Wednesday in Ghana. From Ghana, PM Modi went to Trinidad and Tobago and then to Argentina. (ANI)
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Hindustan Times
22 minutes ago
- Hindustan Times
Over 6,000 Myanmar nationals take refuge in Mizoram amid escalating Chin rebel clashes
More than 6,000 refugees from Myanmar have fled to Mizoram following fresh clashes between Chin pro-democracy groups, with civil society organisations now stepping in to mediate peace, state authorities said. People take out a rally in Agartala seeking deportation of illegal migrants from Bangladesh and Myanmar. (ANI) The fresh influx began after a June 5 shootout in Zokhawthar between two warring Chin factions — the Chin National Defence Force (CNDF) and the Chinland Defence Force (CDF). The violence continued on Monday when the Chin National Army retaliated with an assault on a CNDF stronghold at Rihli village, located just across the border from Mizoram's Saikhumphai village. 'Over 4,000 adult refugees have been registered by police in Zokhawthar in the past three days,' said Lalrawnkima, village council secretary of Zokhawthar. 'Since only those above 18 are registered, the total number with children could be well over 5,500. Every household here is hosting between 25 to 30 people, while others are being accommodated in community and church halls.' In Saikhumphai, over 700 more Myanmarese nationals have reportedly sought shelter following the attack at Rihli, according to a civil society leader from nearby Vaphai village. Mizoram home minister K Sapdanga stated that the state is committed to aiding those displaced by the conflict. 'The Mizoram government will do everything within its capacity to provide relief — not just because they are our ethnic kin, but out of sheer humanitarian responsibility,' Sapdanga said. He added that Lalmuanpuia Punte, political adviser to the chief minister, along with the Central Young Mizo Association (CYMA) and various student bodies, are actively working to broker a ceasefire between the two factions. The CNDF and CDF — comprising fighters from the Zo ethnic community — are said to be embroiled in a power struggle over control of Khawmawi, a strategic border trade town between Mizoram and Myanmar. On June 5, the CNDF reportedly captured eight camps from the CDF, forcing them out of Khawmawi after intense fighting.


Mint
26 minutes ago
- Mint
‘Stopped India-Pak war', ‘India-US trade deal soon', ‘Unhappy about Putin' — 10 things Trump said today at White House
US President Donald Trump hosted a dinner for Israeli Prime Minister Benjamin Netanyahu at the White House on Monday. At the start of the dinner, Trump answered reporters' questions on a wide range of topics — from trade deals with countries to geopolitical tensions. 1. Donald Trump again took credit for allegedly 'stopping' the India-Pakistan conflict in May, saying, 'We stopped a lot of fights, very, very big one was India and Pakistan. We stopped that over trade. We are dealing with India and Pakistan. We said that we are not going to be dealing with you at all if you are gonna fight. They were maybe at a nuclear stage. Stopping that was really important.' 2. Asked if his tariff letters to 14 countries, with the August 1 deadline, were final, Trump said, 'I would say firm but not a 100 per cent firm. If they call up and they say we would like to do something in a different way, we will be open to that.' 3. Trump also teased that a US-India trade deal was close. 'We are close to making a deal with India. We've made a deal with the United Kingdom. We've made a deal with China.' 4. Regarding the tariff letters sent to 14 countries, Trump said, 'Others we met with, and we don't think we're going to be able to make a deal, so we just send them a letter. We're sending out letters to various countries telling them how much tariffs they have to pay. Some will maybe adjust a little bit depending if they have a cause, we're not going to be unfair about it.' 5. On being asked if the US is going to launch another strike on Iran, Trump said, 'I hope we're not going to have to do that. I can't imagine wanting to do that. I can't imagine them wanting to do that.' 6. The US President further revealed that Iran wants to sit with America for talks. 'They (Iran) want to meet. They want to work something out. They are very different now than they were two weeks ago.' 7. 'I would love to be able to, at the right time, take those sanctions off, give them a chance at rebuilding, because I'd like to see Iran build itself back up in a peaceful manner, and not going around saying, 'death to America,' 'death to the USA,' 'death to Israel,' as they were doing,' Trump said about removing sanctions imposed on Iran. 8. Trump said Hamas was willing to agree on a truce with Israel, as he met with Israeli Prime Minister Benjamin Netanyahu to push for an end to the Gaza war. 'They want to meet, and they want to have that ceasefire,' he told reporters at the White House. 9. On the Russia-Ukraine war, the US President said, 'We are going to send some more weapons (to Ukraine). They have to be able to defend themselves. They are getting hit very hard. So many people are dying in that mess.'
&w=3840&q=100)

Business Standard
27 minutes ago
- Business Standard
Gokaldas, Vardhman, Siyaram rally up to 8%. What's driving textile stocks?
Textile stocks price movement today Shares of textile companies Vardhman Textiles, Gokaldas Exports, Siyaram Silk Mills, Alok Industries, Indo Count Industries, Sangam India and Nahar Spinning Mills have rallied between 5 per cent and 8 per cent on the BSE in Tuesday's intra-day trade amid heavy volumes. At 09:14 AM; top 4 out of 5 stock winners from the BSE Smallcap index were from the textile sector, surging more than 6 per cent. In comparison, the BSE Sensex was trading flat at 83,449. What's driving textile stocks today? The US has imposed an updated tariff of 35 per cent on Bangladesh; no major reduction from 37 per cent announced on April 2, 2025. Last week the US announced an imposition of a 20 per cent tariff on Vietnam. According to ICICI Securities, Bangladesh is one of the key ready-made garment exporters to the US with 9 per cent market share while Vietnam holds 19 per cent market share. The US is yet to announce tariff rates for India (currently 10 per cent overall tariff; ~26 per cent for textile sector considering the differential rate). 'If India manages to sign a favourable deal with the US, we might see lower tariffs on ready-made garment exports compared with other countries such as China, Vietnam and Bangladesh, which will help India's share to the US exports improve from the current levels of 6 per cent. We should expect the US-India to sign a mini-trade deal in couple of days, which will determine revised rate for key sectors. As of now scenario is positive for textile manufacturers,' the brokerage firm said in a note. However, Indian textile exporters like Gokaldas Exports and Welspun Living acknowledged that margins may remain under pressure in 1HFY26, as global buyers adopt a cautious stance amid uncertainty surrounding input costs and consumer demand. However, despite these pressures, Indian players remain cautiously optimistic, characterizing the current weakness as transitory - evident from players like Arvind and Pearl Global hinting towards mid-teens growth in FY26 reflecting confidence in a potential recovery in 2HFY26. The recently signed UK-FTA plays well for Indian textile players enabling them to strengthen their presence in the UK market, thereby reducing their heavy dependence on the US in an uncertain tariff situation. The huge addressable market size / top-notch execution / higher factor costs in Vietnam bodes well for key players in Indian home textile / apparel sector, analysts at JM Financial Institutional Securities said in its sector report. Meanwhile, Gokaldas Exports' operating income rose by 29 per cent (CAGR) in the last three years, touching ₹3,875.8 crore in FY2025, supported by healthy demand and inorganic expansion done in the last two years. According to ICRA, the growth is likely to sustain with the expected shift in procurement (in apparel sourcing) by large customers as a part of global vendor diversification to markets like India. While the imposition of reciprocal tariffs by the US government for imports from India could impact the profit margins (on a standalone basis), a likely improvement in the operating margins in subsidiaries would offset the impact to some extent. The company enjoys established relationships with reputed global apparel retailers in the markets of North America and Europe, as evident from repeat orders received and a steady increase in the wallet share with key customers, the rating agency said in its rationale.