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DSK Benelli will ride its much-awaited 302R into India today. First showcased at the 2016 Delhi Auto Expo, the bike will compete in the same segment as Kawasaki Ninja 300 and the Yamaha R3. The premium bike segment, comprising imported brands over 250cc, sells over 16,000 units a year, and is dominated by brands such as Harley-Davidson, Benelli, Triumph, Ducati and Kawasaki. The segment is growing about 35 per cent annually.
Ram Nath Kovind will take oath as the 14th President of India. Kovind secured about 65.65 per cent of the Electoral College votes, defeating his rival Meira Kumar, who polled 34.35 per cent vote. With his election, Kovind becomes the second Dalit and the first activist from the Rashtriya Swayamsevak Sangh (RSS), the BJP’s ideological mentor, to hold the country’s highest office.
A special court will consider the chargesheet in the alleged attempt to bribe officials of the Election Commission for allotment of ‘two leaves’ symbol to the AIADMK (Amma). Earlier this month, the Delhi Police’s Crime Branch chargesheeted Sukesh Chandrashekhar, alleged middle man in the case, and three others. It had also informed the court that it would file a supplementary charge sheet against T.T.V. Dhinakaran, general secretary of the Amma faction, and the remaining accused after completing the probe against them.
Lenovo-owned Motorola is hosting a launch event in New York. It is widely expected that the company will launch its new flagship phone in the Moto Z Force series.
The US Federal Reserve's two-day meet opens today. Policymakers will need to decide a start date for reducing their bond holdings or leave more time to evaluate what Fed Governor Lael Brainard recently cited as a possible "turning point" in global monetary policy that may affect economic growth. In June, the Fed Reserve had raised interest rates for the second time in three months and said it would begin cutting its holdings of bonds and other securities this year, signaling its confidence in a growing US economy and the strengthening job market.
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