Latest News 12 July 2016

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Information about Latest News 12 July 2016

Published on July 13, 2016

Author: rohircrick11


slide 1: Latest News 12 July 2016 Iconic Ford Mustang debuts in India priced at Rs 65 lakh Since Mustang went on sale in 1964 Ford has sold more than 90 lakh units of the model. The US car major Ford launched its iconic sports car ‘Mustang’ in India priced at Rs 65 lakh ex-showroom Delhi.This is the first time in Mustang’s 52-year history that the company has launched the model in India. Petrol diesel consumption zooms on rising vehicle sales Both fuels hit record consumption in May. India consumed a record petrol and diesel in May this year thanks to the rising sales of passenger vehicles two-wheelers and commercial vehicles. In petrol almost entire consumption is driven by cars and two- wheelers while for diesel 70 of the offtake is estimated to happen in the transportation sector and the rest is in agriculture and industry. Why Baba Ramdev’s Patanjali Ayurved plans to drag ASCI to court Ayurvedic FMCG company Patanjali co-founded by Baba Ramdev and Acharya Balkrishna is expected to act quickly against the Advertising Standards Council of India ASCI for what it says are “unlawful actions” by the body. Patanjali’s legal recourse will rest on a Bombay High Court matter of 2015 where the jurisdiction of the self-regulatory body was challenged by a company called Teleshop. Patanjali’s legal team is expected to use this verdict to present its case of the body lacking the legal backstop to pull up advertisers. Indian pharma market crosses Rs 1 lakh cr MAT growth slows The Indian pharma market IPM growth might have slowed down in the past few months for a combination of factors including price control and ban on fixed dose combinations the market however crossed Rs 1 lakh crore on a moving annual turnover MAT basis in June 2016. slide 2: Read Latest News Business Standard.

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