After the announcement, ITI shares surged 20 per cent to settle at Rs 149.40 apiece - its upper price band as well as a 52-week high level - on the BSE
The development came a day after Ashwini Vaishnaw, Union Minister for Communications and IT said the industry had not raised any concerns on the import licensing requirement
The South Asian nation plans to impose a new license requirement for tech imports from Nov. 1, spanning everything from laptops and tablets to servers and components for datacenters
The education and government sectors continued to propel the PC market, while the enterprise segment remained challenged
For FY23, India's total merchandise imports stood at $714 billion, which is 16.5% more than last year. This has resulted in a rising current account deficit
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Regardless, PC sales during the upcoming festival season are expected to remain unhindered by the import restrictions
According to a government notification, import consignments can be cleared until October 31 without a licence and a government permit would be required for the clearance of imports from November 1
India needs to give a notification to the WTO at the Committee of Import Licensing, though a date for this has not been decided yet
Import consignments can be cleared till October 31 without a license for restricted imports
The move was aimed at addressing the trade imbalance with China, another government official, the report said
Regulators on Thursday surprised the world's biggest PC makers when they made licenses mandatory for import of electronics from small tablets to all-in-one PCs without a licence
With India imposing import curbs on laptops and computers, the government should take steps such as announcing objective criteria for importers to seek licence for inbound shipments of these items to meet domestic demand, trade think-tank GTRI said on Friday. On August 3, the government said importers of these goods have to seek licence/permission from Directorate General of Foreign Trade (DGFT) for imports. PCs, laptops, and tablets connect us to the world of education, business, entertainment and everything else. The government must take all steps to avoid short supply and market disruption. One way is announcing objective criteria that will constitute the basis for the grant of licence, Global Trade Research Initiative (GTRI) co-founder Ajay Srivastava said. In similar cases earlier, criteria like past performance have been used for granting licences. He said the government may inform all firms of their next year's annual import eligibility in terms of the number of units and va
Immediate implementation of the licensing requirement for imported electronics could disrupt the PC market, industry warns
Intel is poised to add about $10 billion to its market value, based on its current premarket price of $37
App now available in over 120 regions; users in India can access it in English and Hindi; game libraries are synced across devices such as phones, tablets, Chromebooks, and PCs
HP, with a market share of 33.8% in India has maintained its top spot in the PC market since 2016
Taiwanese tech giant Asus on Tuesday launched a new All-in-One A5 Series desktop (A5402) with superior sound quality and minimalistic design in India.
The 2023 LG Gram line-up includes LG Gram (17Z90R, 16Z90R, and 14Z90R), LG Gram Style (14Z90RS), LG Gram 2-in-1 (16T90R), and LG UltraPC (16U70Q)
Microsoft has released an update for 'Windows Subsystem for Android' (WSA) -- which allows users to run Android apps on Windows 11