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India new active zone for Chinese IT investors after US: Chinese media

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 at highest level since Sept: Deutsche

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.

WTO strikes 'landmark' $1.3 trillion deal to cut tariffs on IT products

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.

WTO negotiators agree tariff cuts on more IT products

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

WTO talks on duty-free trade in IT goods collapse

"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).

Indian Insurers to spend Rs 11,700 cr on IT services in 2014

They had spent an estimated Rs 11,115 crore last year on internal IT (including personnel), hardware, software, external IT services and telecommunications.

IT spend for banking and securities firms to grow 9.8%: Gartner

According to information technology research and advisory firm Gartner, this forecast includes spending by financial institutions on internal IT services, IT services, software, data centre technologies, devices and telecom services.

Wipro launches aviation IT products with Qatar Airways

In September 2012, Wipro entered into a partnership with Qatar Airways to research and develop the portfolio.

Hit by weak rupee, cos to raise computers prices by 10%: MAIT

Prices of PCs, laptops and IT products will increase about 10 percent due to the weakening of rupee against US dollar that has impacted the margins of computer makers, IT hardware industry body MAIT said on Wednesday.

Oracle to sell 5.3% stake in OFSS to meet regulatory norms

US-based IT firm Oracle announced Wednesday that it will sell 5.3 percent stake in BSE-listed Oracle Financial Services Software (OFSS) to meet the regulatory requirements in the country.

Healthcare providers to spend Rs 5,700 cr on IT in 2013

Healthcare services providers in India are expected to spend Rs 5,700 crore on IT products and services in 2013, a growth of seven percent over 2012, research firm Gartner said Thursday.

Manufacturing, natural resources companies to spend Rs 40.8K crore in 2013: Gartner

Indian manufacturers and natural resources companies will spend Rs 40,800 crore on IT products and services in 2013, an increase of 9.1 percent over 2012, research firm Gartner on Wednesday said.

Government to spend Rs 36,800 crore on IT in 2013: Gartner

Government is expected to spend Rs 36,800 crore on IT products and services in 2013, an increase of 10.5 percent over 2012, research firm Gartner Monday said.

Banking, securities companies to spend Rs 41K crore on IT in '13: Gartner

Banking and securities companies in the country will spend Rs 41,600 crore on IT products and services in 2013, an increase of over 12 percent compared to Rs 37,000 crore they spent last year, research firm Gartner said on Tuesday.