Sebi issues Rs 260 mn notice to Reliance Big Entertainment in RHFL case

18 Nov 2024 CW Team

The capital markets regulator, Sebi, has instructed Reliance Big Entertainment (now renamed Rbep Entertainment) to pay a fine of Rs 260 million for failing to settle penalties imposed earlier in a case related to the illegal diversion of funds. Sebi warned that the company's assets, including bank accounts, would be attached if the payment was not made within 15 days of the notice issued.

The notice followed Reliance Big Entertainment's failure to pay a Rs 250 million penalty imposed in August. In the demand notice, Sebi required the company to pay Rs 260 million, inclusive of interest and recovery costs, within the specified timeframe.

Earlier in August, Sebi barred industrialist Anil Ambani and 24 others from accessing the securities market for five years due to allegations of fund diversion from Reliance Home Finance (RHFL). Sebi also imposed a Rs 250 million fine on Ambani and prohibited him from holding directorial or Key Managerial Personnel (KMP) positions in any listed company for the same duration.

In early November, Sebi issued demand notices to six entities, including RHFL's promoter entity, Crest Logistics and Engineers (now renamed CLE), directing them to pay Rs 1.54 billion. Last week, Sebi further instructed six entities, including RHFL and its former officials, to pay penalties amounting to Rs 1.29 billion.

Sebi ordered Mohanbir Hi-Tech and Indian Agri Services to pay Rs 520 million in fines related to the illegal diversion of funds from RHFL.

Real Estate

05 May 2026

Dubai Real Estate Sales Reach AED48 Billion

Dubai’s real estate market recorded 13,977 sales transactions worth AED48 billion in April 2026, reflecting continued resilience across residential and commercial segments.According to a market update by fäm Properties, sales volume rose 3.5 per cent month-on-month compared to March, while total sales value increased by 10.7 per cent. The commercial sector, including offices and shops, recorded the strongest growth, with 561 transactions valued at AED4 billion, up 33.9 per cent year-on-year and 36.2 per cent month-on-month.Apartment sales rose 6.5 per cent month-on-month to 11,377 transacti..

Casagrand Launches 35-Acre Hyderabad Project

Casagrand has launched Casagrand Vybe, its largest residential project in Hyderabad, spread across 35 acres in Rajendra Nagar. The launch marks the company’s fifth residential rollout in 2026 and strengthens its expansion momentum in the city.As part of its Hyderabad growth strategy, Casagrand is adding 3.98 million sq ft of residential space to its portfolio. Since entering the Hyderabad residential market in 2023, the company has scaled its presence with projects across key micro-markets. In 2025, it launched four projects — Casagrand Evon, Casagrand Windsor Court, Casagrand Belair and C..

Bentley Event Spotlights AI Infrastructure

Bentley Systems recently hosted Illuminate Mumbai 2026, bringing together infrastructure leaders, policymakers, technology experts and academia to discuss how AI-driven engineering and digital twins can accelerate India’s journey towards Viksit Bharat 2047.The event focused on scaling intelligent and connected infrastructure ecosystems beyond digital adoption. Discussions covered the use of infrastructure AI, open data environments and digital twin technologies to improve project delivery, sustainability and long-term asset performance across key sectors.Kamalakannan Thiruvadi, Regional Exec..