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Ayala acquires majority stake in Cebu Velez General Hospital

MANILA, Philippines — The healthcare arm of the Ayala Group has expanded its presence in the country’s second-largest metropolis. AC Health on Friday announced it had acquired a majority stake in Cebu Velez General Hospital (CVGH). This was done through the Zobel family-led company’s provider arm Healthway Medical Network, in an agreement with the Velez family. READ: Temasek

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Ola, Uber & Rapido To Follow Kaali-Peeli Taxi Fare System In Mumbai Starting Today – Here’s How Much It’ll Cost You

Ola, Uber and Rapido, have been directed to adopt the same fare structure as the city’s traditional black-and-yellow taxis until the state government finalises a separate tariff for aggregator platforms. The order, issued by the Mumbai Metropolitan Region Transport Authority (MMRTA), requires the companies to update their mobile applications with the new fare chart by 5 pm on September 18.