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Switzerland's President Doris Leuthard will arrive in India today on a three-day visit. She will meet President Ram Nath Kovind and hold talks with Prime Minister Narendra Modi. Accompanied by a large business delegation, Ms.Leuthard, in her talks with the Indian government, will focus on ways to ramp up trade and investment ties. India is likely to bring up the issue of black money stashed by Indians in Swiss banks. The last visit by a Swiss President to India was in 2007.
Samsung will showcase its new offerings in wearables at a press conference in Berlin at the premier tech fair IFA, which opens on September 1. The company is live streaming the event that will start at 6 pm (CET) or 9.30 pm IST. The company is likely to unveil its new smartwatches Gear Sport and the Gear Fit 2 Pro. The company had launched the Gear S3 smartwatch at last year's IFA.
Skoda will launch the Octavia RS today. The Octavia RS is the performance variant of the 2017 Octavia model. Tipped to be priced below Rs 30 lakh, the vehicle is expected to be delivered starting September. The company sees good demand on the back of strong momentum in the performance cars segment in the country.
McDonald's vs joint venture partner Vikram Bakshi case will come up for hearing at the National Company Law Appellate Tribunal today. The tribunal had asked the warring companies to settle the row between themselves while asking McDonald's to give an undertaking that the 169 outlets will be allowed to function till talks are on. McDonald’s had terminated the franchisee agreement for the 169 outlets in north and east that were operated by Connaught Plaza Restaurant Ltd, the joint venture with Bakshi. According to the termination notice, the outlets have time till September 6 to function, post which they will have to stop using McDonald’s name and trademark.
BSE-backed India International Exchange (India INX) will launch trading in gold options. India Inx began operations in January and is India's first International Exchange set up at GIFT City in Gandhinagar. Domestic commodity exchange MCX has also got the approval to start trading in gold options contracts and is expected to launch the contract in September. Trading in options has been a long pending demand of the exchanges and market intermediaries.
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