By Nidhi Verma NEW DELHI (Reuters) -Indian state refiners have started making enquiries with trading firms about purchases of Russia's Urals crude oil as discounts widen, three people with knowledge of the matter said on Thursday,

India is considering a proposal to co-develop Russia’s T-14 Armata main battle tank. The deal has an obvious logic for both sides.

Russia’s Deputy Defense Minister, Colonel General Aleksandr Fomin, on August 6 held a meeting with Vinay Kumar, India’s Ambassador to Russia. The two sides discussed ways to further intensify the multifaceted India-Russia Special Privileged Strategic Partnership.

India's equity benchmarks are likely to open marginally higher on Thursday, tracking the broader sentiment in Asia, but caution ahead of Russia-U.S. talks over the war in Ukraine could cap the upside in a holiday-truncated week.

The Aug. 15 summit is a test of whether Trump can make progress on a peace deal that is acceptable to both Ukraine and Russia.

House Foreign Affairs Committee Democrats said tariffs on India will not stop Russia or address the Ukraine war. US Treasury Secretary Scott Bessent indicated secondary sanctions could rise. India called the targeting “unjustified,

Indian shares ended flat on Thursday ahead of U.S.–Russia talks on Ukraine but logged weekly gains as IT and pharma stocks rose after a U.S.–China tariff truce extension and rising hopes of a Fed rate cut.

Ahead of his much anticipated meeting with Vladimir Putin, Donald Trump has repeatedly spoken about Ukraine and Russia swapping land to end the war