MF equity inflows fall 40% m-o-m to one year low amid uncertainty Volatility in equity markets and concerns over economic growth dampened inflows into mutual fund schemes, including SIPs, in May. Equity inflows fell to a one-year low, dropping 40 per cent month-on-month (m-o-m) to ₹22,908 crore in May from ₹38,440 crore in April, as investor sentiment was hit by a market downturn driven by persistent foreign portfolio outflows and heightened volatility, according to AMFI data released on Wednesday. Hybrid schemes inflow nearly halved m-o-m to ₹10,560 crore ( ₹20,565 crore), while debt funds registered an outflow of ₹96,949 crore as against an inflow of ₹2.47 lakh crore in May. Meta and Reliance Industries partner to develop 168 MW, AI-enabled data centre in Gujarat Meta Inc is set to have its own 168-MW capacity AI-enabled data centre in Jamnagar set up by Reliance Industries in India within two years. The new data centre, separate from the 1 GW data centre announced by Reliance in 2025, will act as part of Meta’s global infrastructure, supporting its core business and AI compute needs. As the first built-to-suit data centre capacity in India for Meta, the project underlines India’s emergence as a global hub for AI infrastructure. Meta will lease capacity from the facility, expanding the company’s global infrastructure, supporting its core business and AI compute needs while Reliance Industries will provide end-to-end services for the data centre lifecycle. Starlink licensing in India stuck amidst geopolitical strains Industry experts estimate geopolitical developments to have soured Starlink’s chances of getting licensing approvals in India, even as the company rubbishes “unsubstantiated claims” of a regulatory freeze. Following news reports that the Indian government had frozen approvals for Starlink’s commercial operations, Lauren Dreyer, Vice President of Company Business Operations stated on X, “Starlink remains in active and productive discussions with the Government of India contrary to misleading stories based upon unsubstantiated claims from anonymous sources.” However, industry stakeholders speaking to businessline said Starlink’s approval procedure which was considered smooth-sailing until last year has hit a rut in terms of security checks. Many attributed this to the geopolitical developments, particularly in terms of the India-US relations. Zoho launches hardware play with designed-in-India server Nathu La Eyeing tech sovereignty in the data hardware space and in a step to build the full enterprise technology stack, Zoho has launched its indigenously designed server Nathu La. Zoho says with Nathu La it has achieved equivalent performance, with 12-18 per cent lower power consumption and 20-30 per cent lower total cost of ownership (TCO). In Zoho’s marquee style, the R&D work for the server platform was entirely done out of Nagpur by local talent recruited and trained by the company. The centre was set up in 2020 with an eye to play the long game in enterprise hardware. The Nathu La server motherboard and chassis platform is the result of over five years of R&D across hardware, firmware, and systems management. Based on Intel® Xeon® 6 Processors, the server is designed to optimise performance for virtualisation (VM), High Performance Computing (HPC), AI inference, and storage applications. (Research and VO: Siddharth Mathew Cherian)
