Sankalp Phartiyal / Bloomberg:
Sources: Apple made ~55M iPhones in India in 2025, up 53% YoY from 36M in 2024, ~25% of total iPhone production as it shifts away from China to avoid tariffs  —  Apple Inc. increased iPhone production in India by about 53% last year and now makes a quarter of its marquee devices there …

Jagmeet Singh / TechCrunch:
Flipkart moves its headquarters back to India, more than a decade after it moved to Singapore, as it prepares for a potential IPO in India in the coming months  —  Indian e-commerce giant Flipkart has moved its headquarters back to India from Singapore as it prepares for a potential IPO in the coming months.

The Information:
Source: Spark Capital, the first VC firm to back Anthropic in 2023, is raising about $3B in new funds, 50% more than the size of funds it raised two years ago  —  Spark Capital, the first venture firm to back Anthropic, is in the process of raising about $3 billion in new funds …

FinSMEs:
Dify, which offers an open-source platform to build and run AI applications and agentic workflows, raised a $30M pre-Series A led by HSG at a $180M valuation  —  Dify, a Menlo Park, CA-based provider of an open-source platform that helps teams build, deploy, and operate production-grade AI applications …

Lora Kolodny / CNBC:
xAI aims to build a natural gas power plant in Southaven, MS, to run its data centers; a key meeting with regulators is set on an election day ~200 miles away  —  With Elon Musk's xAI planning to build a massive, natural-gas burning power plant in Southaven, Mississippi …