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Women drivers to impact economy, boost gasoline demand: Saudi minister

Sunday, June 24, 2018, 2:32 PM

The end of Saudi Arabia’s driving ban for women will have an impact on the economy and gasoline consumption, the energy minister said. The oil-rich kingdom will allow women to drive from Sunday, ending its status as the only country in the world to ban half the population from getting behind the wheel.
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E-tailers investing in AI, robotics to identify fraud, reduce cost

Sunday, June 24, 2018, 2:28 PM

E-commerce companies are focusing on artificial intelligence and virtual reality with a view to cut logistics costs and identify fraudulent orders, said a report by PwC. With an emerging middle-class population of more than 500 million and approximately 65% of the population aged 35 or below, India represents a highly aspirational consumer market for retailers across the globe, said the report.
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Overseas FDI by Indian cos expected to rise: CII

Sunday, June 24, 2018, 2:24 PM

Industry chamber CII today said overseas investments by Indian companies are likely to go up given the stable market conditions and the significant impact created by Indian companies on local economies. Indian companies have been working with the local communities while investing abroad, generating substantial employment and creating benefits for the host economies, CII said in a statement.

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