IT products News

 Importers can request multiple authorizations, and these authorizations will remain valid until September 30, 2024.

India has become an "action zone" for China's big-time investors like e-commerce giant Alibaba as its market attracted second highest Chinese funding in IT products next to the US, state media reported today.

Consumer sentiment perked up in June this year, as there was greater optimism towards buying conditions and business environment, with people showing increased willingness to purchase big-ticket items, according to a Deutsche Boerse report.

Major exporters of information technology on Friday agreed to cut global tariffs on more than 200 products, in the first such deal struck by the World Trade Organization in nearly two decades.

World trade negotiators seeking to eliminate tariffs on information technology (IT) products agreed over the weekend to expand the list of items covered.

"This is potentially an enormous deal. We missed an opportunity here this week to conclude," US Ambassador Michael Punke told reporters at the World Trade Organization (WTO).