US attacks Iran, escalating tensions, Oil rises, Reliance-Meta partner for AI data centre, Philippines quake, AMFI data and more

Hello and welcome to CNBC-TV18's morning newsletter. Today, we take a look at the escalation of the US-Iran hostilities, the subsequent oil price rise, the Reliance-Meta AI data centre, the Philippines earthquake updates, the AMFI data for May and more 📅 Mark The Calendar – Data Today 📅 Saudi Arabia Industrial Production YoY APR Turkey Industrial Production YoY APR German 10-Year Bund Auction US Core Inflation Data Russia Inflation Rate Data Reliance Industries partners with Meta for AI-enabled data centre in India Reliance Industries Ltd. and Meta Platforms have announced a significant expansion of their strategic partnership with an agreement for an AI-enabled data centre in India. In its statement on Wednesday, June 10, Meta said that the data centre will be located in Jamnagar, Gujarat, and reaffirmed Meta's commitment to India. Oil rebounds after fresh US strikes on Iran, shrinking inventories support prices Oil prices rose on Wednesday, June 10, recovering from multi-week lows hit in the previous session, as fresh US military strikes on Iran raised concerns about the stability of a fragile ceasefire in West Asia and supply data pointed to tighter crude markets. US launches 'self-defence' strikes against Iran after Apache helicopter downing US forces carried out "self-defence" strikes against Iran on Tuesday evening US time, a few hours after US President Donald Trump blamed Iran for shooting down an American military helicopter off the coast of Oman. Equity mutual fund inflows drop over 40% in May, hit lowest level in 12 months Net inflows into equity mutual funds fell over 40% month-on-month to ₹22,897 crore in May from ₹38,426 crore in April, according to data released by the Association of Mutual Funds in India (AMFI). Despite the decline, equity mutual funds continued to attract net inflows for the 63rd consecutive month, extending a streak that began in March 2021. 120 kmph winds sweep Delhi, matching Palam record after 24 years As strong dust-laden winds swept across the national capital on Tuesday evening, the Palam station recorded a peak wind speed of 120 kmph, matching its previous such record in 2001, according to the IMD data. The weather station experienced 120 kmph of gusty winds between 6.50 and 6.52 pm on Tuesday. 32,000 displaced after Philippines quake kills 37 and damages thousands of homes Rescuers searched ruined buildings in the southern Philippines on Tuesday to ensure no one was still trapped a day after one of the strongest earthquakes to hit the country in a half-century killed at least 37 people and displaced more than 32,000. CMR Green Technologies Listing: Second-most subscribed IPO of 2026 set for a strong debut After a strong response to its ₹631 crore IPO, shares of CMR Green Technologies Ltd. are set to make their stock market debut on Wednesday, June 10. Non-Institutional Investors or NIIs placed bids for 172 times the total number of shares reserved for them, while retail investors, which have mostly stayed away from IPOs this year due to the market conditions also bid for 27 times the total number of shares reserved for them. In pictures: Meet the 7 future stars of FIFA World Cup 2026 As the countdown to FIFA World Cup 2026 continues, a new generation of talent is preparing for its moment. These seven wonderkids have already impressed for club and country, and North America could be where they take the next step towards football superstardom. US home sales surge to the fastest pace this year despite rising mortgage rates and prices Sales of previously occupied US homes accelerated last month to their fastest pace since December, a sharp turnaround in demand after a lacklustre start to the spring homebuying season. Bombay HC rejects Lilavati Trust's defamation plea, says HDFC Bank's claims were truthful The Bombay High Court on Tuesday dismissed an interim application filed by the Lilavati Kirtilal Mehta Medical Trust, which runs Mumbai's Lilavati Hospital, seeking to restrain HDFC Bank, its Managing Director and CEO Sashidhar Jagdishan, and others from making allegedly defamatory statements against the Trust and its members. Oman India Fund sells Capital Small Finance Bank shares worth ₹37 crore Oman India Joint Investment Fund II (OIJIF II), a private equity investment firm promoted by the sovereign wealth fund of the Sultanate of Oman and State Bank of India, sold a 3.65% stake in Capital Small Finance Bank through a block deal on the National Stock Exchange on Tuesday.