Veteran banker Uday Kotak urged Indian companies to urgently invest in future technologies, especially AI, citing Google's massive $80 billion capital raise. He highlighted that global tech giants are aggressively reinvesting despite strong profits, a stark contrast to India's restrained long-term innovation spending. Kotak called for a renewed focus on business and competitiveness.

MUMBAI: Billionaire banker-entrepreneur Uday Kotak on Tuesday prodded India Inc to invest for India's future. Kotak's warning came as the country is being looked at as a laggard…

Uday Kotak, Founder and Director of Kotak Mahindra Bank, emphasized that it is time for India to focus on the business of business now that other distractions have concluded. This…