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The company said it has been granted permission to import cargoes that were contracted before the sanctions were announced

SEBI's adjudicating officer had in June 2022 imposed the Rs 30 lakh combined penalty after concluding that RIL violated Principle 4 of Schedule A of the Prohibition of Insider Trading Regulations.

According to data, Russia currently supplies about 35% of India’s total crude imports, most of which are purchased by private refiners Reliance Industries Ltd and Nayara Energy

Brokerage Motilal Oswal in a report said, the proposed carving out of RCPL from Reliance Retail and making it direct subsidiary of RIL is a huge value accretive move.

Strong show by the digital and retail unit businesses has offset the impact. The earnings beat Street estimates of Rs 18,820 crore

The Ministry of Petroleum and Natural Gas claims that RIL extracted gas that rightfully belonged to ONGC.