Paytm senior executives get Sebi notice for 'timing' of 2023 regulatory disclosure

The Sebi notice, dated August 11, has asked the executives to explain the timing of a disclosure the company made on December 6, 2023, when it revealed plans to pull back on small loans under Rs 50,000 - mostly comprising its "buy now, pay later" offering. The move had come shortly after India's central bank tightened rules on unsecured lending.

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Oracle, Quantinuum partner to bring quantum computing to cloud

Under the deal, Oracle Cloud Infrastructure customers will gain ​access to Quantinuum's Helios quantum computer through OCI's quantum service, ​allowing them to combine quantum computing with Oracle's graphics-processing and high-performance computing services.

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Accel’s $550 million India fund; South Park Commons bets on deeptech

Happy Wednesday! Venture capital firm Accel has raised its ninth India fund. This and more in today’s ETtech Morning Dispatch.

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AI startup Manus to resume independent operations as deal with Meta unwinds

"As part of our ​transition back to independent operations and to ​comply with regulatory requirements in specific jurisdictions, data generated by certain users ​on/after December 29, ⁠2025" will ‌be deleted later this ​month, ​Manus said in a statement.

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Yulu, Bounce chase fresh funds; MPs target social media

Happy Tuesday! Yulu and Bounce Infinity are back in the funding market as rising delivery demand gives them a fresh boost. This and more in today’s ETtech Morning Dispatch.

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Boeing to divest tech ventures for stake in air-taxi startup

Boeing announced an agreement Monday to divest its air taxi and two other technology ventures to Archer Aviation for a stake in the startup. In its May earnings release, Archer said it had completed the "phase three" of the Federal Aviation Administration's four-phase certification process for its Midnight air taxi vehicle.

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Uttarakhand issues orange alert for four districts; schools closed in Bageshwar today

Schools up to Class 12 in Bageshwar district will remain closed today, August 10. This decision follows a warning of heavy to very heavy rainfall for the region. The India Meteorological Department issued an orange alert for four districts including Bageshwar. Other districts in Uttarakhand are under a yellow alert due to weather forecasts. Authorities have asked all districts to remain alert and take necessary precautionary measures.

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