VARINDIA IT MAGAZINE

Banks retrieved over ₹5 lakh crore from stressed loans: PM Modi:  Prime Minister Narendra Modi   on steps taken to recover unpaid loans said, more than ₹5 lakh crore recovery has been made by banks from stressed loans. In a virtual address at the Sydney Dialogue, the Prime Minister said, reforms in the last 6-7 years have led to the banking sector in a strong position today and that the financial health of banks has improved.   ₹2 lakh cr of stressed assets likely to be resolved through  National Asset Reconstruction Company , Modi said, adding that his government has addressed the problem of  non performing assets (NPAs)  in banks, pumped in enough funds via recapitalisation, brought bankruptcy laws and strengthened debt recovery tribunal.   Modi said India is investing in developing indigenous capabilities in 5G and 6G telecom technologies besides focusing on manufacturing semi-conductors. The "greatest product" of technology today is data and that I...

Accenture Completes Acquisition of BRIDGEi2i:  Accenture (NYSE: ACN)   has completed its acquisition of   BRIDGEi2i , an   artificial intelligence (AI)   and analytics firm headquartered in Bengaluru, India. The financial terms of the transaction were not disclosed. The acquisition, announced last month, strengthens  Accenture’s global capabilities in data science , machine learning and AI-powered insights, and adds more than 800 deeply skilled professionals to Accenture’s Applied Intelligence practice.   Founded in 2011 and with a presence in India, the US and Australia, BRIDGEi2i specializes in data-driven digital transformation for companies across industries and global markets by combining data engineering, advanced analytics, proprietary AI accelerators and consulting services. About Accenture Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized...