Tech Mobile

• French AI company Mistral raised €3 billion in its latest funding round. • This investment pushes the company's total valuation above €21 billion. • The record-breaking round increases the scale of European competition against dominant American AI firms.

• India has replaced Indonesia as the least-preferred stock market in Asia among global fund managers, according to a recent Bank of America survey. • The decline in investor sentiment is driven by concerns over high stock-market valuations, slowing economic growth, and a perceived lack of exposure to artificial intelligence. • This shift matters as it indicates growing caution among foreign investors regarding the pace of India's structural reforms and overall equity attractiveness.

• India's net Foreign Direct Investment (FDI) has experienced a sharp decline, crashing from $28 billion to just $1 billion over a two-year period. • This downturn occurs despite gross FDI inflows reaching a record high of $94.5 billion in FY26, indicating a significant gap between incoming and outgoing capital. • The trend is concerning as it suggests that while new investments are entering the country, a larger volume of capital is being repatriated or withdrawn by foreign investors.