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Discounts on Russian oil evaporate on fresh Middle East crisis

NEW DELHI, July 23 (Reuters) – Traders have stopped offering discounts on Russian crude sold to India as disruptions to Middle Eastern supplies have boosted ​demand for alternative grades, the head of finance at Indian ‌state refiner Bharat Petroleum Corp said on Thursday. Refiners in India, the world’s third-biggest oil importer and consumer, have raised purchases of Russian oil as supplies from traditional producers ​in the Middle East have been disrupted. BPCL has secured crude supplies ​for August and is scouting for cargoes for September delivery, ⁠Vetsa Ramakrishna Gupta told analysts after the company’s quarterly earnings. He said the ​company

India protest movement holds capital sit-in as police crack down on demonstrators

NEW DELHI, July 23, 2026 (AP) — Thousands of young protesters were camped on the streets of India’s capital New Delhi on Thursday, defying new restrictions in the latest show of strength for a movement that has become one of the biggest challenges to Prime Minister Narendra Modi’s government. India’s “Cockroach” protests began more than a month ago over alleged leaks in some of the country’s most competitive entrance exams for medical colleges and government jobs. The movement has since expanded beyond exam grievances, drawing professionals and families while channeling broader frustration. Thursday’s demonstrations at Jantar Mantar, a designated protest

Stock markets extend losses to 4th day on surging crude oil prices

Mumbai, Jul 23 (PTI) Market benchmark indices Sensex and Nifty ended lower on Thursday, extending losses for the fourth straight session, as a sharp jump in crude oil prices due to escalating tensions in West Asia weighed on investor sentiment. The 30-share BSE Sensex declined 363.66 points, or 0.47 per cent, to settle at 76,391.39. During the day, it tanked 603.07 points, or 0.78 per cent, to 76,151.98. The 50-share NSE Nifty dipped 126.65 points, or 0.53 per cent, to end at 23,869.60. From the Sensex pack, Adani Ports, Bajaj Finance, InterGlobe Aviation, Axis Bank, State Bank of India and

Rupee slips 4 paise to settle at 96.57 against US dollar

Mumbai, Jul 23 (PTI) The rupee declined 4 paise to close at 96.57 (provisional) against the US dollar on Thursday, as heightened hostilities in West Asia kept global crude oil prices elevated. However, a likely intervention by the RBI provided support to the local unit, forex traders said. At the interbank foreign exchange, the rupee opened at 96.53 and traded in a narrow range of 96.45-96.59 during the day before eventually settling at 96.57 (provisional), down 4 paise from its previous close. The rupee depreciated by 28 paise to close at 96.53 against the US dollar on Wednesday. “The rupee

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