Has India lost the AI race? Not entirely

Also in this newsletter, what’s going on with Rajesh Exports?

Mercor’s Brendan Foody calls out Sequoia, accusing it of 'dual-pricing' valuation tricks

Sequoia is just one of the top firms that sells same equity at two different prices.

Apollo and Blackstone raise $35bn in chip financing deal for Anthropic

Transaction is one of largest private credit fundraisings, fuelling Claude maker’s AI growth plans

London mansion with mystery owner close to £190mn sale

The Holme, set in four acres in Regent’s Park, previously sold for £139mn in 2024

Cipher Digital raises $810 million in junk bonds to build another Amazon data centre in Texas

Cipher Digital is raising $810M in junk bonds at 6.25% to fund its Stingray data centre in West Texas, leased to Amazon under a 15-year contract.

Wall Street rebounds as traders race back into chip stocks

Intel and Micron among big gainers as fervour over AI-linked shares resumes

Amazon raises C$14 billion in record Canadian dollar bond sale to fund AI spending

Amazon is raising C$14bn ($10bn) in Canada's largest-ever corporate bond sale, topping Alphabet's C$8.5bn record from May.

Blackstone looks to sell $2bn of stakes in private investment funds

One of the biggest deals of its kind will test investor appetite for ageing private equity vehicles

FCA seeks High Court injunction against Neil Woodford over new online service

UK financial regulator alleges fund manager is providing unauthorised investment advice

Intesa Gatecrashes Rival’s Bid for Monte dei Paschi with €30.6bn Offer

Italy's largest bank says takeover would result in significant cost savings

Realtors and developers hope SpaceX's long-awaited IPO could be Southern California's "Google moment."

With SpaceX preparing to go public, the coastal neighborhoods around the company's sprawling Hawthorne hub are hoping for their own liftoff.

Explosions heard in central Tehran as Israel and Iran trade air strikes

Retaliatory barrages test two-month truce and Trump’s efforts to forge wider deal