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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The retired banker wants India’s top companies to invest in AI. But the capital, ambition, and urgency simply aren’t there.
Speaking truth to power does not come easy. For those occupying important leadership positions, this characteristic sometimes develops much later in life, once they no longer occupy the corner office. They find their voice after they’ve found freedom from their corporate shackles. I’d like to think Uday Kotak is going through this phase. The retired banker, widely respected in both professional finance and entrepreneurial circles, has been indulging in some truth-to-power speak. Earlier this week, he exhorted India’s top companies and entrepreneurs to wake up and heed his call for investment in the future: artificial intelligence.
“Google, which is cash …
The acquisition of IDBI Bank puts his Fairfax smack dab in the middle of the RBI’s rules on bank ownership. It must now decide whether to sell CSB Bank or merge the two lenders, neither of which will be easy.
Once seen as a threat, global capability centres appear to be becoming a potential growth driver for the country’s IT giants.
