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VCs are a dime a dozen in the San Francisco Bay Area. So, aside from the bragging rights that come with being seen as a global venture firm, it makes no sense for the now-Indian Peak XV to invest in a market that’s already crowded.

The retired banker wants India’s top companies to invest in AI. But the capital, ambition, and urgency simply aren’t there.
Delhi High Court takes aim at the search giant’s AdWords model, ruling that keyword bidding on trademarks constitutes infringement.
A proposed SEC settlement lifts the biggest overhang on the Adani Group—its access to US capital markets.