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large language models (LLMs) and artificial intelligence is finding early adoption in the fast-growing wealthtech sector in India. As tech startups in this sector are looking to go beyond robo advisory and algorithm-based trading which have already become the norm, innovative founders are experimenting with advanced AI models like ChatGPT to find better ways of processing market information and servicing clients. “We have built an AI-powered recommendation engine, and it is reaching a level of efficiency where it is possible to provide services through voice-based commands from users. We are incorporating generative AI into various processes, including prospect identification, recommendations, and content dissemination for learning and development for our advisors,” said Manu Awasthy, chief executive officer of Centricity. Centricity will have a 20-member team dedicated to working on various generative AI tools, Awasthy added. Lightspeed India Partners backed Centricity primarily caters to the investment needs of high-net-worth individuals.

Subscribe to enjoy similar stories. Global private equity firm Carlyle is building a $400 million platform in India to acquire and merge auto component makers, two people aware of the plans said. Carlyle may acquire at least two parts-makers by the end of this financial year and two more in the next 12-18 months, the people cited above said on the condition of anonymity, adding it will focus on companies catering to electric vehicles, as well as export-led companies.

This is part of a series of interviews with the winners of The Economic Times Startup Awards 2024. From navigating multiple rounds with doctors and pharmaceutical companies in 2020, when no one was willing to test its product, to securing a Central Drug Standard Control Organisation licence and achieving commercialisation in 2024, BrainSight AI has made significant progress. By enabling neurosurgeons to map brains more precisely and interpret MRI scans efficiently — especially as the world grapples with mental health challenges —BrainSight AI earned the Top Innovator award at the ET Startup Awards 2024. This was BrainSight’s second shot at the award, after it emerged runners up in 2023. This year the clinical recognition along with commercial launches made it the jury’s favourite.

British Prime Minister Keir Starmer promised to protect public services and ruled out austerity measures as Labour's annual conference kicked off on Sunday, its first in 15 years as a government party. The four-day gathering in Liverpool, northwest England, comes three months after Labour secured a runway general election victory over the Conservatives. Under pressure on several fronts, Starmer will have to strike a balance between celebrating Labour's long-awaited victory, defending his record, and not letting up on reminders of «difficult decisions» to come.

Nisus Finance Services (Nifco), a real estate investment firm, is in the process of raising approximately $200 million from investors in Singapore, the UK, and the Middle East. The inaugural special situations offshore fund has secured $40 million to date and anticipates the first close by March 2025. An offshore entity will act as a feeder or co-investor in the domestic fund and has commitments of around $40 million. «This capital can be invested alongside the domestic pool, which is nearing final closure. We have an additional $160 million under discussion, with interest from HNIs, bank treasuries, and family offices for high-yield assets,» said Amit Goenka, managing director and CEO of Nisus Finance.

The Illinois Department of Corrections has spent September moving hundreds of inmates from Stateville Correctional Center in suburban Chicago in preparation for replacing the century-old lockup

A “growing number” of international students are claiming asylum in order to stay in Canada after being allowed in on student visas, Immigration Minister Marc Miller says, calling it an “alarming trend.”

Viksit Bharat 2047 and institutional capacity building would play a key role in that, Union Finance and Corporate Affairs Minister Nirmala Sitharaman said here on Sunday. Viksit Bharat 2047 is the NDA government's roadmap to make the country a developed nation by 2047, when India celebrates its centenary of achieving independence. The FM said the Centre has left no stone unturned towards enhancing self-sufficiency in defence capabilities. «We will also need to look after our banks, overall infrastructure, health of the companies in the market and prioritising the digitisation of the Indian economy,» she said at the Pondy Lit Fest.

improvised explosive device, targeting a convoy of foreign diplomats, killed a policeman and injured three others in Pakistan's restive northwestern Khyber Pakhtunkhwa province on Sunday. The blast triggered through a remote hit the convoy that was travelling to the scenic mountainous Malam Jabba in Swat district from Islamabad. A senior police officer said that all the diplomats were safe. The convoy included diplomats from Russia, Vietnam, Bosnia and Herzegovina, Ethiopia, Rwanda, Zimbabwe, Indonesia, Uzbekistan, Turkmenistan, Kazakhstan and Portugal.

In this article, we explore some of the best birthday gift ideas for daughters of all ages, helping you find something that will not only bring joy but create lasting memories on her special day.

Rexas Finance has swiftly captured the attention of investors as Stage 2 of its presale sold out in less than a week, raising a total of $1,250,000. This strong investor interest marks a significant milestone in the project’s journey, highlighting the growing demand for the tokenization of real-world assets through blockchain technology. With Stage 3 now underway at a price of $0.05 per token, Rexas Finance continues to attract global attention, offering investors an opportunity for substantial returns, with early buyers potentially seeing a 4x increase upon launch.

Quad unveiled major steps to expand maritime security cooperation in the Indo-Pacific and called for lasting peace in Ukraine with Prime Minister Narendra Modi asserting that the grouping is for a rules-based global order that respects the sovereignty and territorial integrity of nations. In the annual Quad summit hosted by outgoing US President Joe Biden at his home state of Delaware, the leaders, without directly naming China, expressed serious concern over the situation in the South China Sea and nearby waters and condemned the «dangerous» use of coast guard and maritime militia vessels in that region. Besides Modi and Biden, the fourth in-person summit on Saturday was attended by Japanese Prime Minister Fumio Kishida and his Australian counterpart Anthony Albanese.

The advent of cryptocurrency and blockchain technology has revolutionized the financial landscape, providing users with decentralized, secure, and transparent systems for transferring and storing wealth. However, with this innovation has come a new wave of challenges, particularly when it comes to security. As the value of digital assets like Bitcoin, Ethereum, and various altcoins has soared, so too has the frequency of hacking incidents, scams, and frauds. For many investors, losing cryptocurrency can feel like an irreversible loss, but blockchain recovery solutions are offering a glimmer of hope.

In the race to dominate the Layer-1 blockchain space, Bitgert, Ethereum, and Cardano have emerged as key players, each bringing unique strengths and innovations. While Ethereum remains the industry leader with its extensive dApp ecosystem and robust intelligent contract capabilities, it faces growing competition due to scalability challenges and high gas fees. On the other hand, Cardano continues to build on its reputation for security and academic rigor, offering a more research-driven approach to blockchain development.

India on Sunday scripted history as it clinched it's maiden gold medal in the 45th Chess Olympiad after D Gukesh, Arjun Erigaisi and R Praggnanadhaa won their respective matches against Slovenia in the 11th and final round match here. World Championship challenger Gukesh and Arjun Erigaise yet again delivered in key games to help India secure its first title in the open category. Up against Slovenia, Gukesh was at his very best in the technical phase of the game as black against Vladimir Fedoseev. Though it was a laboured victory, the 18-year-old Grandmaster was spot on with his tremendous strategic display.

elections in Jammu and Kashmir are pivotal not just for the security and stability of the region, but for the stability of India as a whole. The BJP president also emphasized that Prime Minister Narendra Modi-led government has transformed India's political landscape by rooting out corruption and delivering pro-people governance. «This is not just an election for the BJP or any other party. It is an election for the stability of Jammu and Kashmir and to make India strong. It is not the election to make an MLA. It is not an election to give blessing to J&K. It is to bring Jammu and Kashmir mainstream of development. It will give Jammu and Kashmir stability,» Nadda told a road-show rally in Jammu city this evening.

As the story unfolded, Advait claimed he was abroad and intended to visit Mumbai on September 16. On that day, the woman received a shocking call from someone purporting to be a Delhi customs official. The caller informed her that Advait had been detained at the airport with a large sum of Euros, as per PTI. In a moment of panic, she was told that in order to secure Advait's release, she needed to pay Rs 3.37 lakh via UPI. Following the caller's instructions, she transferred the money. However, the fraudster later demanded an additional Rs4.99 lakh for further expenses.

bathing sheds for women have been created by a BSF battalion deployed in this frontier area of West Bengal to guard the India-Bangaldesh international boundary. The facilities were created following the Union home ministry's directive to the border forces to engage with the local population, with Home Minister Amit Shah saying these remote locations on the front are not the last but the first villages of the country, and organisations like the Border Security Force (BSF) should take all measures for the betterment of the lives of the citizens residing in these security-sensitive areas, a senior officer told PTI. The 32nd battalion of the BSF has created the open-air gyms near its border outposts of Gede, Kadipur and Tungi in West Bengal's Nadia district. Equipment like parallel bars, waist stretchers, chest press, fun rider, lateral pull down, sit-up trainer, two-sided rotator and «tai chi spinner» have been installed in these gyms, the officer said.

The NSE Nifty 50 added 1.48% to 25,790 and the S&P BSE Sensex gained 1.63% to 84,544, logging record closing highs.

IPO) of Mumbai-based non-banking financial company (NBFC) Manba Finance is set to open for public subscription on September 23 and will close on September 25. Ahead of the issue, the grey market premium (GMP) for Manba Finance was around Rs 55-60, suggesting a 46% premium over the issue price. The price band for the IPO has been fixed at Rs 114-120 a share.

Subscribe to enjoy similar stories. Risk profiling is a mandatory exercise every investment advisor must undertake before giving investment advice. Despite its importance, the Securities and Exchange Board of India (SEBI) has not defined a specific methodology, leaving advisors with the flexibility to approach this task in various ways.