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According to the National Stock Depository (NSDL), Sberbank of Russia has become the first Russian bank to register with the SEBI as a foreign portfolio investor (FPI). FPIs with category I licence have to follow less lenient beneficial ownership disclosures, can subscribe to overseas derivative instruments which have Indian stocks as underlying and also enjoy certain taxation benefits. Category I FPI registration is only granted to government or government related foreign investors or regulated entities such as banks, sovereign wealth funds, investment trusts, pension funds, asset management companies. Sberbank’s registration takes the total number of Russia-based FPIs in India to five, with all others being non-banks. Till now, Alfa Capital Management, First Asset Management, Igor Noskov, and Vesvolod Rozanov have been granted FPI registrations.Â
The agricultural land below the main canal water level forms the ________.
Who won the 2025 Miami Open Tennis Title (Men’s Singles)?
What was the theme of Exercise SURYA KIRAN between India and Nepal?
Which country is the largest source of gold for India?
Jammu & Kashmir has become the first Union Territory to integrate with the NSWS. What is the acronym of first ‘S’ in NSWS?
To whom is UNESCO dedicating International Day of Education 2024, emphasizing the urgent need to lift restrictions on their access to education?
President of India, Droupadi Murmu inaugurate 7th International Dharma Dhamma Conference in ____________.
The Government of Madhya Pradesh has approved the proposal to reserve 20 percent of plots in industrial areas of the state for scheduled caste/scheduled...
Indian Institute of Corporate Affairs (IICA) has collaborated with ________ to launch a new program, Executive MBA in Corporate Affairs and Management.
What initiative has the Ministry of Coal taken for the disposal and repurposing of fly ash?
