Pursuant to the recent orders of the National Company Law Tribunal, Chennai, Apollo Hospitals Enterprise (AHEL) has called for an equity shareholders meeting here on October 21 for approving the scheme of arrangement between AHEL and Apollo Pharmacies (APL), the company has informed the stock exchanges on Monday. In November 2018, Apollo Hospitals had said, to capitalise on the huge growth opportunity and to give greater focus, it had decided to restructure its pharmacy business.

American auto giant General Motors (GM) and Indian IT major Tata Consultancy Services (TCS) have announced a new partnership in future global vehicle engineering. This builds on the 16-year relationship between the two companies.

Under the terms of the agreement, TCS will acquire certain assets at the GM Technical Center-India (GMTC-I), Bengaluru, and will partner with GM, supporting its global vehicle programmes with engineering design services over the next 5 years.

JLR’s wholesale volumes declined 7.1% y-o-y (-5.2% m-o-m) to 39.6k units (our estimate: ~43k) in Aug’19, whereas China JV volumes were down 14% y-o-y to 4.7k units.

– Jaguar volumes declined ~29% y-o-y to ~10k units (our estimate: 12.7k), whereas JLR volumes grew ~3.8% y-o-y to 29.5k units (our estimate: 30k units).

Just like ride-hailing apps Ola and Uber, private car owners can soon provide carpooling service.

In an effort to promote shared mobility in the country, the Union road transport ministry has prepared the guidelines for the carpooling service by private car owners. Sources close to the development said that the transport ministry intends to make ride-sharing by private car owners a no-profit, no-loss service.

The central government is considering clear and more effective guidelines to deal with the issue of recall of drugs which are Not of Standard Quality (NSQ).

The Drug Consultative Committee (DCC) under the Ministry of Health and Family Welfare has approved the recommendation of the sub-committee for effective recall system.

The government is finalising a list of functional national highway projects that would be placed under infrastructure investment trust (InvIT) to be offered to potential investors.

It is learnt that the National Highways Authority of India (NHAI) would prefer brown-field projects over greenfield contracts for InvIT.

The rupee opened 22 paise lower at 71.82 against the US dollar amid elevated crude oil prices. The domestic unit on Monday plunged 68 paise to 71.60 against the US dollar amid concerns over soaring crude prices following drone attacks on Saudi Arabia's oil facilities.

Surging crude oil prices have emerged as major fears for India -- the world's third largest oil importer -- in form of fiscal slippage and inflationary pressure.

US President Donald Trump on Monday said he will be meeting the prime ministers of India and Pakistan soon, even as he maintained that tension between the two Asian countries had reduced.

While Trump will address Indian-Americans, along with PM Modi, at the "Howdy Modi!" event in Houston on September 22, the American president did not say when or where will he be meeting PM Khan.

New Delhi: Air India posted an operating loss of around Rs 4,600 crore in the last financial year mainly due to higher oil prices and foreign exchange losses but the debt-laden carrier expects to turn operationally profitable in 2019-20, according to senior officials.

Shares of Equitas Holdings slipped 17 per cent to Rs 97 on the BSE on Monday after the Securities and Exchange Board of India (Sebi) on Friday returned the draft scheme with regard to Equitas Small Finance Bank (ESFB), citing that it was not in compliance with the regulatory provisions.

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