Daily Current Affairs: 28 November 2025

Headline: Digital Connexion JV to build 1 GW AI-ready data hub in Visakhapatnam (Andhra Pradesh)

Bullet Points:

• Digital Connexion, a Reliance-Brookfield-Digital Realty joint venture, will invest Rs 98,000 crore ($11 billion) to create a 1 GW data-centre cluster in Visakhapatnam by 2030.
• The 400-acre campus will run on an integrated 6 GW solar plant with battery energy storage and use Direct-to-Chip Liquid Cooling for AI servers.
• Water-cooled chillers, on-site water recycling and CPCB-compliant standby generators will meet environmental norms.

Headline: MapmyIndia Mappls partners Zoho to embed location intelligence in Zoho CRM

Bullet Points:

• MapmyIndia Mappls announced a partnership with Zoho to integrate its mapping intelligence tools within Zoho CRM.
• MapmyIndia's Address Capture and Nearby Lead Finder will power Zoho CRM with indigenous mapping intelligence for smarter, location-aware business decisions.
• The integration will enable Zoho CRM users to capture verified addresses, visualise customer locations, discover potential leads in nearby areas, and optimise sales routes.

Headline: Bhupendra Patel flagged off Rashtriya Ekta Yatra from Karamsad to Kevadia

Bullet Points:

• Bhupendra Patel, Chief Minister of Gujarat, flagged off the 152-kilometre Rashtriya Ekta Yatra from Karamsad to Kevadia.
• The foot march commemorates Sardar Vallabhbhai Patel’s 150th birth anniversary and will culminate in Ekta Nagar, Narmada district, on December 5.
• Prime Minister Narendra Modi stated the march will inspire citizens to align their goals with the nation’s Viksit Bharat aim by 2047.

Headline: India Internet Governance Forum 2025 convenes in New Delhi to shape inclusive and AI-driven Digital India

Bullet Points:

• The fifth edition of the India Internet Governance Forum (IIGF 2025) will convene on 27–28 November in New Delhi.
• The forum is organised as India's national chapter of the UN Internet Governance Forum and operates on a multistakeholder model.
• Union Minister of State for Electronics & Information Technology and Commerce and Industry, Jitin Prasada, will inaugurate the event as Chief Guest.
• The theme for IIGF 2025 is 'Advancing Internet Governance for an Inclusive and Sustainable Viksit Bharat'.
• The three sub-themes are: Inclusive Digital Future, Digital Infrastructure for Resilient and Sustainable Growth, and AI for People, Planet and Progress.
• The event will be held across two venues: India Habitat Centre on day one and India International Centre on day two.
• IIGF 2025 will feature four panel discussions and twelve workshops covering data governance, cybersecurity, AI ethics, and digital inclusion.

Headline: Ramprasad Sridharan appointed Managing Director for Puma India

Bullet Points:

• Ramprasad Sridharan was appointed as the Managing Director of Puma India.
• His appointment is effective December 2025.
• He will report to Matthias Bäumer, the Chief Commercial Officer of the company.
• Ramprasad Sridharan brings over 25 years of experience in brand building and commercial strategy across the Asia-Pacific region.
• He most recently served as the Chief Executive Officer and Managing Director of United Colors of Benetton India.
• Prior to that, he held senior leadership roles at Clarks and Reebok India.
• He succeeds Karthik Balagopalan.
• Karthik Balagopalan left the company to pursue other interests.
• Karthik Balagopalan served Puma for two decades.

Headline: Gyanesh Kumar to assume Chair of International Institute for Democracy and Electoral Assistance (International IDEA) on December 3

Bullet Points:

• Chief Election Commissioner Gyanesh Kumar is set to assume the Chair of the International Institute for Democracy and Electoral Assistance (International IDEA) for the year 2026.
• Kumar will take over as the chair of IIDEA on December 3 in Stockholm.
• As Chair, he will be presiding over all council meetings during 2026.
• International IDEA, established in 1995, is an inter-governmental organisation committed to strengthening democratic institutions and processes across the world.
• The organisation has a current membership of 35 countries, with the United States and Japan as observers.
• India, a founding member of IIDEA, has consistently contributed to the organisation's governance, democratic discourse and institutional initiatives.

Headline: Rail Multitracking Projects: Improved Connectivity and Freight Movement with Rs 2,781 Crore Outlay

Bullet Points:

• The Union Cabinet on Wednesday approved doubling of the 141-km Dwarka-Kanalus rail line in Gujarat and building third and fourth lines between Badlapur and Karjat (32 km) in Mumbai metropolitan region.
• The two line-expansion projects worth Rs 2,781 crore are part of Indian Railways’ push to improve connectivity on routes with high passenger footfall.
• The Devbhumi Dwarka (Okha)-Kanalus rail line will improve connectivity to the Dwarkadhish temple, a key pilgrimage site, and transportation of commodities such as coal, salt, container, and cement.
• The Badlapur-Karjat line... will further help the commuters between Pune to Mumbai.

Headline: Securities and Exchange Board of India (Sebi) eases educational qualification criteria for Investment Advisers, Research Analysts

Bullet Points:

• The Securities and Exchange Board of India (Sebi) relaxed educational qualification criteria for Investment Advisers (IAs) and Research Analysts (RAs).
• Previously, applicants were required to hold a graduate or postgraduate degree in finance-related fields such as Finance, Business Management, Commerce, Economics, or Capital Markets.
• Under the new framework, graduates from any discipline are eligible to become IAs and RAs.
• Applicants must have a graduate degree or equivalent educational qualification from a recognized university or institution, or a CFA Charter from the CFA Institute.
• Passing the NISM certification exam or relevant certification from NISM or an NISM-accredited organization remains mandatory.
• Sebi eased the corporatisation process for individual IAs, allowing a transition period once an IA crosses the threshold of 300 clients or ₹3 crore in fees.
• The IA must immediately notify Sebi and initiate the transition process upon crossing these limits.
• The IA has three months to apply for in-principle approval and an additional three months to complete the conversion to a non-individual entity.
• During this transition period, the IA is allowed to onboard new clients and continue collecting fees.
• Earlier, an individual IA was required to complete the transition to a corporate structure within three months after crossing the prescribed client or fee limits.
• Sebi amended norms for investment advisers and research analysts to give these effects.

Headline: EPFO Constitutes Four-Member Committee for Cadre Restructuring

Bullet Points:

• The Employees' Provident Fund Organisation has set up a four-member committee for cadre restructuring of the retirement fund body.
• The committee, headed by BP Sharma, the former secretary of the department of personnel and training, will submit its report by March 31, 2026.
• It will undertake a comprehensive review of the existing workload of EPFO, identify imbalances, overlaps and inefficiencies in the present workforce structure and evaluate the requirement for rationalisation, optimisation or augmentation of human resources in line with functional necessities.
• The committee will benchmark the cadre structure of officers and employees of the central board and recommend appropriate restructuring measures to enhance efficiency, service delivery and institutional effectiveness, while ensuring that manpower deployment remains commensurate with the functional workload.
• It will recommend a suitable framework for induction of officers on deputation from the central government and other public institutions for bringing in talent, best practices, and cross-sectoral expertise to EPFO.
• The committee will also recommend a framework for EPFO officers and staff to go on deputation or exchange programmes to other organisations to facilitate exposure to new ideas, professional development, and adoption of innovative practices.

Headline: 44th India International Trade Fair held at Bharat Mandapam, Delhi

Bullet Points:

• The 44th India International Trade Fair brought together art forms from each corner of the country, showcasing rich cultural diversity at Bharat Mandapam.
• Jharkhand was the focus state of the event.
• The fair featured pavilions from Turkey, Tunisia, Iran, Afghanistan, and Hong Kong.

Headline: Wildlife Institute of India (WII) maps 6,000 km nonstop Amur falcon migration in six days

Bullet Points:

• WII officers tagged three Amur falcons—Apapang, Alang and Ahu—in Tamenglong using 3.5 g – 4 g transmitters, keeping the load under 3 % of body weight.
• Apapang flew 6,100 km in six days and eight hours, skimming the Arabian Sea to reach Tanzania.
• Alang covered 5,600 km in six days and 14 hours, landing in Kenya.
• Ahu crossed Bangladesh, flew 5,100 km in five days and halted in northern Somalia.
• The birds feed on termites during their 15–20 day stopover in Dima Hasao, rapidly fattening up for the oceanic leg where no food or water is available.
• The tracking project, started after 2012 mass hunting in Pangti village, Nagaland, now involves community reserves and near-real-time monitoring across Russia–Nagaland–Africa routes.

Headline: Sheikh Hasina sentenced to 21 years in prison in corruption cases

Bullet Points:

• Sheikh Hasina was sentenced to 21 years in prison in three separate corruption cases related to land allocations in the Purbachal New Town project.
• Her son Sajeeb Wazed and daughter Saima Wazed were each sentenced to five years in prison in one of the cases.
• A court last week sentenced Sheikh Hasina to death by hanging for crimes against humanity linked to ordering a deadly crackdown on a student-led uprising.
• Sheikh Hasina fled Bangladesh by helicopter on August 5, 2024, and is currently residing in India.
• Bangladesh has requested India to extradite Sheikh Hasina, and New Delhi is said to be studying the request.
• Nobel laureate Muhammad Yunus heads the interim government in Bangladesh, with new elections planned in February 2026.

Headline: India hosts 60th All India DGP–IGP Conference in Chhattisgarh from November 28 to 30

Bullet Points:

• The 60th All India DGP–IGP Conference will be hosted at the IIM campus in Naya Raipur from November 28 to 30.
• The high-level internal security meet will be attended by Prime Minister Narendra Modi, Union Home Minister Amit Shah and National Security Advisor Ajit Doval.
• The core discussions remain policing modernisation, national security challenges, counter-terror strategies, community policing, forensic strengthening and action-taken reports from all states.
• Dedicated sessions on security relations with China, Pakistan, radicalisation, and Left-Wing Extremism will also take place.
• An advance team of the Special Protection Group (SPG) arrived in Raipur to take charge of ground-level security planning.
• The IIM premises has been brought under 24x7 surveillance by IB and security agencies.
• The conference belongs to the Union Ministry of Home Affairs.
• This is the first time Chhattisgarh is hosting the national security DGP/ IGP conference.

Headline: India and Indonesia Hold Third Defence Ministers' Dialogue on November 27, 2025

Bullet Points:

• Union Defence Minister Rajnath Singh co-chaired the Third India-Indonesia Defence Ministers' Dialogue with Indonesian Defence Minister Sjafrie Sjamsoeddin in New Delhi.
• Both nations adopted a shared vision on maritime cooperation in the Indo-Pacific.
• Discussions focused on furthering defence cooperation and strengthening the Comprehensive Strategic Partnership between the two countries.
• An enhanced agreement on defence cooperation was signed during Prime Minister Narendra Modi's visit to Indonesia in May 2018.
• President Prabowo Subianto made a state visit to India from January 23 to 26, 2025, and was the chief guest of India's Republic Day parade.
• India and Indonesia are maritime neighbors and two leading democracies in Asia, sharing values of pluralism, inclusiveness, and the rule of law.

Headline: Punjab Launches Easy Registry System to Simplify Property Registration

Bullet Points:

• Punjab chief minister Bhagwant Singh Mann on Thursday launched an "Easy Registry" system.
• The state is the first in India to provide a facility that promises simplicity, speed and transparency in land registration and aims to eradicate corruption.
• Under the new system, any sub-registrar office within a district could register properties located anywhere in that district.
• Citizens can now draft sale deeds online or through Sewa Kendras by paying a nominal fee of Rs 500.
• Under the "Sarkar Tuhade Dwaar" scheme, citizens may call 1076 to avail the service.
• Complete online submission of documents would be possible within 48 hours.
• A fixed time frame of 48 hours has been set for objections, which will be referred immediately to the concerned deputy commissioner for verification of their legitimacy.
• Citizens will receive updates on every stage of the registration process via WhatsApp, and if anyone demands a bribe, a complaint may be lodged directly through WhatsApp.
• Through the "Draft My Deed" feature, anyone may prepare their own registration documents with assistance from a Sewa Kendra or Sewa assistant.

Headline: Norovirus Cases Rise in US

Bullet Points:

• Norovirus is a highly contagious virus that causes vomiting, diarrhoea, acute gastroenteritis and inflammation in the stomach or intestines.
• According to the Centers for Disease Control and Prevention (CDC), Norovirus is the leading cause of vomiting, diarrhoea and foodborne illness in the US.
• Symptoms of Norovirus develop 12 to 48 hours after being exposed to the virus and commonly include stomach pain, nausea, vomiting, diarrhoea, fever, headache, and body aches.
• Norovirus can lead to dehydration, with symptoms such as decreased urination, dry mouth and throat, feeling dizzy, crying with no tears, and unusual sleepiness.
• Preventative measures against Norovirus include frequent handwashing, thorough cooking of shellfish, washing fruit and vegetables, cleaning and disinfecting contaminated surfaces, washing laundry in hot water, and staying home when sick for 48 hours after symptoms stop.
• Eating raw oysters or filter-feeding shellfish can increase the risk of Norovirus infection.

Headline: World Urbanization Prospects 2025 report released by United Nations Department of Economic and Social Affairs

Bullet Points:

• Jakarta is now the world’s largest city with 41.9 million people, overtaking Tokyo.
• Dhaka is the second-largest city with 36.6 million people and is projected to become the largest by 2050.
• Tokyo has fallen to third place with 33.4 million people.
• The number of megacities has increased to 33, four times more than in 1975.
• Asia is home to 19 of the 33 megacities and nine of the top 10 largest cities.
• Cairo is the only non-Asian city in the top 10 with 32 million people.
• Sao Paulo is the largest city in the Americas with 18.9 million people.
• Lagos is the largest city in sub-Saharan Africa.
• The UN defines a city as a contiguous agglomeration of one-kilometre-square grid cells with at least 1,500 inhabitants per square kilometre and a total population of at least 50,000.

Headline: UAE Ministry of Economy & Tourism (MoET) launches region-first digital marketplace for trading trademarks.

Bullet Points:

• MoET unveils TM Market Place, the Middle East’s first dedicated digital platform for listing, buying and trading registered trademarks.
• Only national and international trademarks officially registered in the UAE can be listed on the platform.
• There is no subscription fee required to browse, list, or access the marketplace; users pay only the agreed purchase price and the government fee for re-registering ownership.

Headline: European Union (EU) reviews Pakistan's Generalised Scheme of Preferences Plus (GSP+) status amid human rights and electoral concerns.

Bullet Points:

• The EU offers zero import duties on two-thirds of exports from GSP+ beneficiary countries in return for progress on sustainable development and good governance.
• GSP+ eligibility requires full implementation of 27 international conventions covering human rights, labour standards, environmental protection and good governance.
• Pakistan's GSP+ compliance grants duty-free or low-duty access for key exports including apparel, home textiles and surgical instruments.
• Export earnings to the EU reached $3.17 billion between July and October, up from $3 billion in the same period last year.
• GSP+ countries must submit a public progress report to Brussels every two years to assess continued implementation of the 27 conventions.

Headline: Indian Rum Camikara wins Global Brand of the Year award

Bullet Points:

• Camikara has become the first Indian rum to win ‘Rum Brand of the Year’ at The Spirits Business Awards 2025 in London.
• The rum is distilled from fresh sugarcane juice and aged in American oak barrels under North India’s climate.
• Camikara is available in three expressions: 3-year, 8-year, and 12-year aged variants.
• Produced by Piccadily Agro Industries Ltd, Camikara is described as India’s first pure cane-juice aged rum.
• The judges at the awards described Camikara as a “pioneer in its category” and credited it with putting Indian rum-making on the global map.

Headline: Cyclone Ditwah Intensifies Over Bay of Bengal, Expected to Reach Tamil Nadu-Andhra Pradesh Coast

Bullet Points:

• Cyclonic Storm Ditwah has intensified over the Bay of Bengal.
• The storm is moving north-northwest.
• The deep depression over the southwest Bay of Bengal and the adjoining Sri Lanka coast intensified into Cyclonic Storm Ditwah on Nov 27.
• The India Meteorological Department (IMD) said the storm was centred near latitude 6.9°N and longitude 81.9°E, close to Pottuvil on Sri Lanka’s eastern coast.
• Ditwah was located about 90 km south-southeast of Batticaloa, 120 km northeast of Hambantota, 200 km south-southeast of Trincomalee, 610 km south-southeast of Puducherry, and 700 km south-southeast of Chennai.
• The system is expected to continue moving north-northwest across the southwest Bay of Bengal and the Sri Lanka coast.
• It is likely to reach the waters off North Tamil Nadu, Puducherry, and adjoining south Andhra Pradesh by the early hours of November 30, the IMD said.

Headline: Cabinet Clears ₹9,857 Cr Pune Metro Phase-II Project

Bullet Points:

• The Union Cabinet approved Line 4 Kharadi–Hadapsar–Swargate–Khadakwasla and Line 4A Nal Stop–Warje–Manik Baug under Phase-2 of the Pune Metro Rail Project.
• The project has an estimated cost of Rs 9,857.85 crore, to be jointly funded by the Government of India, Government of Maharashtra, and external bilateral/multilateral funding agencies.
• Line 4 and 4A will connect IT hubs, commercial zones, educational institutions, and residential clusters across East, South, and West Pune.
• The approval was made on November 26, 2025.

Headline: Agriculture Ministry Releases First Advanced Estimates of Kharif Crop Production for 2025-26

Bullet Points:

• Union Minister for Agriculture & Farmers’ Welfare, and Rural Development, Shivraj Singh Chouhan has released the first advanced estimates of production of main Kharif crops.
• Total food grain production estimated to increase by 3.87 million tonnes to 173.33 million tonnes.
• Kharif rice production is estimated at 124.504 million tonnes, which is 1.732 million tonnes more than last year.
• Kharif maize production is estimated at 28.303 million tonnes, 3.495 million tonnes more than the previous year.
• Total Kharif coarse cereals production projected at 41.414 million tonnes and pulses at 7.413 million tonnes.
• Total Kharif oilseed production estimated at 27.563 million tonnes, with soybean at 14.266 million tonnes and peanut at 11.093 million tonnes.
• Sugarcane production estimated at 475.614 million tonnes, an increase of 21.003 million tonnes over last year.
• Cotton production estimated at 29.215 million bales (170 kg each); Patson and Mesta at 8.345 million bales.
• ICAR denied bias allegations in evaluation of gene-edited rice lines Pusa DST-1 and DRR Dhan 100 Kamala under AICRPR multi-location trials.

Headline: Nayi Chetna 4.0 Launched to Combat Gender-Based Violence Nationwide

Bullet Points:

• Union Rural Development Minister Shivraj Singh Chouhan and Women and Child Development Minister Annapurna Devi launched Nayi Chetna 4.0.
• Eleven Union ministries will collaborate under the campaign to eliminate gender-based discrimination and violence.
• A tripartite inter-ministerial Letter of Intent was signed between the Ministry of Women and Child Development, the Ministry of Law and Justice, and the Ministry of Rural Development.
• The campaign will run across all Indian States and Union Territories until December 23, 2025.

Headline: Skill India Centre Baghpat inaugurated to boost rural skilling

Bullet Points:

• Union Ministers Ashwini Vaishnaw and Jayant Chaudhary jointly inaugurated the Skill India Centre in Baghpat district of Uttar Pradesh.
• The centre in Baraut will offer quality skilling to unlock local aspirations and expand opportunities.
• It is positioned as a gateway for youth in rural and underserved regions to access new-age skills and contribute to India’s growth.

Headline: IIT Kharagpur Platinum Jubilee Commemorative Postage Stamp Unveiled

Bullet Points:

• India Post issued a special postage stamp to mark IIT Kharagpur's platinum jubilee celebrations.
• The stamp release was conducted simultaneously across 1,64,987 post offices nationwide.
• IIT Kharagpur, established in 1951, is India's first Indian Institute of Technology.

Headline: World Bank (WB) approves USD 776 million for Punjab education and Maharashtra farmer income boost.

Bullet Points:

• World Bank (WB) approved USD 286 million for Punjab Outcomes-Acceleration in School Education Operation (POISE) to improve quality education using technology.
• POISE will support 13 lakh primary and 2.2 million secondary students plus 59 lakh early childhood education beneficiaries.
• WB sanctioned USD 490 million for Maharashtra Project on Climate Resilient Agriculture (POCRA) Phase II to raise smallholder farmer incomes by 30%.
• POCRA Phase II will benefit over 20 lakh small and marginal farmers including 2.9 lakh women across 21 Maharashtra districts.
• POISE carries 19-year final maturity with 5-year grace; POCRA Phase II has 24-year final maturity with 6-year grace.

Headline: NPCI Bharat BillPay (NBBL) targets 135 million households via digital and assisted channels.

Bullet Points:

• NPCI Bharat BillPay Ltd (NBBL) currently covers 70-80 million households.
• NBBL plans to expand Bharat Connect and bill payment platforms to reach about 135 million households.
• CareEdge projects MSME and retail segments to drive 12% credit growth in FY26.
• NBFC borrowings projected to reach $750 billion by FY27 as markets shift towards capital markets.
• Piramal Finance eyes Rs 1 lakh crore AUM by FY26 as its retail portfolio scales up.

Headline: Paras Defence and Space Technologies receives DRDO technology transfer for T-90 tank Driver Night Sight system

Bullet Points:

• Paras Defence and Space Technologies Ltd announced it has signed an agreement with Defence Research and Development Organisation (DRDO) to receive technology for the Driver Night Sight (DNS) system used in T-90 tanks.
• The technology transfer agreement has been executed with DRDO under the Ministry of Defence, Government of India.
• The DNS system enables enhanced visibility for tank drivers during low-light and night-time operations, making it a critical component for armoured vehicle mobility and combat readiness.

Headline: Carli Cronk establishes record for most gold medals at Summer Deaflympics

Bullet Points:

• USA swimmer Carli Cronk won 12 gold medals at the 2022 Summer Deaflympics in Brazil.
• Carli Cronk set multiple deaf world records and established the record for the most golds by an athlete at a single Summer Deaflympics.
• Indian golfer Diksha Dagar won silver when golf made its Deaflympics debut at Samsun 2017.
• Diksha Dagar upgraded to gold at the next edition in Caxias do Sul in 2021, becoming the first and so far only golfer with two Deaflympics medals in the sport.
• Diksha Dagar became the first golfer in history to compete at both the Olympics and the Deaflympics, having represented India at the Tokyo 2020 and Paris 2024 Olympic Games.
• The 25th Summer Deaflympics will be held in Tokyo, Japan.
• Main venues for the Tokyo 2025 Deaflympics include Tokyo Metropolitan Gymnasium and Komazawa Olympic Park.
• The Deaflympics are organised by the International Committee of Sports for the Deaf (ICSD) and recognised by the International Olympic Committee (IOC).

Headline: Asian Paints becomes Official Colour Partner of India Cricket through BCCI deal

Bullet Points:

• Asian Paints has officially secured a three-year partnership with the Board of Control for Cricket in India (BCCI), becoming the Official Colour Partner of India Cricket.
• The deal covers all men’s, women’s, and domestic home series, encompassing over 110 matches.
• The partnership aims to strengthen Asian Paints’ presence inside Indian homes by leveraging cricket’s unparalleled reach across generations, geographies, languages, and gender.
• Innovative activations like the Asian Paints Colour Cam and Colour Countdown segment will integrate home décor and colour trends directly into the broadcast.
• Unlike traditional sponsorships, the partnership is anchored around the theme of colour, allowing the brand to create a holistic and emotionally resonant association with the game.

Headline: World Sustainable Transport Day 2025: 29th November, Accelerating Clean, Inclusive, and Resilient Mobility

Bullet Points:

• World Sustainable Transport Day is observed globally on 29th November.
• The theme for World Sustainable Transport Day 2025 focuses on accelerating clean, inclusive, and resilient mobility.
• The slogan for World Sustainable Transport Day 2025 is “Accelerating the shift: Paving the way for inclusive and Resilient Mobility”.
• The United Nations General Assembly (UNGA) formally established World Sustainable Transport Day in a resolution adopted on May 16, 2023.
• The initiative for World Sustainable Transport Day was led by Turkmenistan.
• The date of November 26 was chosen for World Sustainable Transport Day because the first United Nations (UN) Global Sustainable Transport Conference was held on that day in Ashgabat, Turkmenistan, in 2016.
• A general slogan for World Transport Day is “Move Green, Move Smart”.

Headline: Competition Commission of India (CCI) approves acquisition of ICICI Venture Funds Management Company Limited businesses by ICICI Prudential Asset Management Company Limited.

Bullet Points:

• The Competition Commission of India (CCI) has approved the acquisition of certain businesses from ICICI Venture Funds Management Company Limited by ICICI Prudential Asset Management Company Limited.
• The Acquirer is a joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited, a wholly owned subsidiary of Prudential Plc.
• Target Businesses include managing and/or sponsoring five SEBI-registered alternative investment funds and providing non-exclusive, non-binding advice to an identified offshore investment fund.