Ola Electric may raise around ₹1,700 crore through non-convertible debentures (NCDs) or other eligible debt instruments to support its financial requirements amid regulatory scrutiny. The firm has been accused of running over 100 stores in Maharashtra without mandatory trade certificates. The Maharashtra transport authority has ordered the closure of 121 such stores and has seized 214 vehicles.

Urban FMCG demand hasn't slumped - it's shifting. Kantar data shows urban volume grew 4.4% in Q1 FY25, but downtrading to local or unbranded goods masks the trend. While branded sales dip, overall consumption holds. Meanwhile, rural growth is steady, and home care leads among FMCG segments despite food drag.

With therapy costing ₹1,000-₹2,500 per session and only 0.75 psychiatrists per 100,000 people, India’s mental health crisis is driving over 30 million users to astrology apps like AstroTalk. As AstroTalk reports ₹511 crore earnings in FY24-25, the trend reveals both a business boom and a systemic care gap.

An Indian techie criticised US firms outsourcing work to Indian employees, claiming that they breathe down employees' necks every minute and keep them under constant pressure. "The average new IT graduate here makes ₹7 LPA. Yet, we're expected to perform at Google-level output," the techie said. "We're not machines...We're doing our best...The problem lies with the Indian manager," he added.

Janney Hujic, Singapore-based Elysian's Founder, claimed she met ex-DBS Bank CEO Piyush Gupta at a cafe in Indonesia's Bali. Sharing a picture, Hujic called Gupta "casual, composed, entirely unassuming" and said, "What struck me wasn't the legendary career...but humility and presence with which he carried himself." Responding to Hujic's post, Gupta wrote, "Sorry to disillusion you. That isn't me!"

Mumbai leads in fresher salaries with ₹4.29 lakh, followed by Delhi, while Chennai ranks lowest at ₹2.65 lakh, according to GetWork’s FY25 report. Overall, entry-level pay rose 3.4% year-on-year, with sales and finance offering the highest packages. The report highlights how local economies and industry focus drive regional salary differences.

LG celebrates 28 years of innovation, reliability, and the trust of millions of families. Marking the occasion, it said, "For nearly three decades, we’ve been part of your everyday life, making moments more comfortable, connected, and convenient." With this milestone, LG also thanked customers for their continued support and for letting LG be a part of their journey through generations.

Nestle India and IndusInd Bank have been removed from the BSE benchmark 30-share Sensex, a report stated. Meanwhile, Tata Group's Trent and Bharat Electronics could be added to the Sensex with effect from June 23. Bharat Forge, Siemens and Dabur will reportedly be removed from BSE 100, while Dixon, Coforge and IndusInd Towers will be added to the index.

Health-conscious dinnerware brand, BlackCarrot, raised seed funding from Venture Catalysts, We Founder Circle, EvolveX Accelerator, GX Ventures, and celebrity investors Neha Dhupia and Agnello Dias. Founded by Yadupati and Vishal Gupta, it sells via top e-commerce and retail channels. The funding will boost growth, innovation, and quick commerce in the premium dinnerware market.

The State Bank of India (SBI) manager, who received criticism for allegedly refusing to speak Kannada with a customer in Bengaluru, has now issued an apology in Kannada for "hurting sentiments". "Whoever got hurt because of me, I'm sorry. I will try to converse in Kannada," she said. Karnataka CM Siddaramaiah had "strongly" condemned the action of the SBI manager.