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L’Oréal acquires Innovist in big D2C deal; Dhan’s FY26 profit shrinks
L’Oréal has bought Innovist to claw back momentum in India’s hyper-competitive beauty market. This and more in today’s ETtech Top 5.

Mistral AI CEO Arthur Mensch discusses sovereign AI partnership with PM Modi
During a pivotal encounter in Paris, Mistral AI's CEO, Arthur Mensch, sat down with Prime Minister Narendra Modi to explore the future of artificial intelligence. With a shared vision of accessibility at the forefront, they delved into the concept of sovereign AI development.

Manus original investors plan to buy back AI firm from Meta for $2 billion: The Information
Chinese investors are set to repurchase AI firm Manus from Meta. The deal is valued at two billion dollars. This move follows a directive from the Chinese government to undo the original sale. Early backers are initiating the buyback process.

Tech can lead to progress only if democratised: PM Modi
At Vivatech 2026, Prime Minister Narendra Modi emphasized the necessity of democratizing technology for sustainable development, describing AI as 'All Inclusive' for the nation. With India setting a benchmark in digital transactions, he showcased the country's commitment to utilizing technology for enhancing financial inclusion and educational access.

Wipro to buy 20% stake more in Aggne Global for $2 million
Wipro is set to acquire a further 20% stake in Aggne Global IT Services Private Limited. This move will boost Wipro's ownership in Aggne Global IT to 80%. The transaction is valued at $2.1 million. This acquisition aims to strengthen Wipro's position in the insurance sector, particularly in AI and IP-driven transformations for Property & Casualty Insurance.


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