rediffGURU Vipul Bhavsar answers readers' personal income tax queries
Global semiconductor giant AMD projects the overall market for compute infrastructure, driven by artificial intelligence, to reach USD 2 trillion by 2030 from USD 365 billion in 2025. The company unveiled new products and its Helios AI infrastructure, emphasising an open ecosystem and significant performance gains over competitors, with India playing a key role in its global rollout.
Global semiconductor giant AMD projects the overall market for compute infrastructure, driven by artificial intelligence, to reach USD 2 trillion by 2030 from USD 365 billion in 2025. The company unveiled new products and its Helios AI infrastructure, emphasising an open ecosystem and significant performance gains over competitors, with India playing a key role in its global rollout.
A senior doctor at Indraprastha Apollo Hospital has stated that administering IV fluids and initiating nutritional support are essential for activist Sonam Wangchuk, warning that his condition could become critical if his ongoing hunger strike continues without medical intervention.
State-run Oil and Natural Gas Corporation (ONGC) has approved the development of a 1.75 million tonnes (mt) strategic petroleum reserve (SPR) in Mangaluru, a project deemed of national importance, with plans for broad commercial utilisation.
Indian benchmark indices Sensex and Nifty experienced a significant slump in early trade, driven by escalating tensions in West Asia and a sharp rise in crude oil prices, alongside a bearish trend in other Asian markets.
FIDE's decision to shortlist the All India Chess Federation for a prestigious FIDE Excellence Award has ignited a fierce debate within the Indian chess community.
Prime Minister Narendra Modi is set to meet secretaries of key Union ministries and departments to review their performance, focusing on ease of living, ease of doing business, and 'Atmanirbhar Bharat' initiatives, amidst strong speculation of an impending Cabinet reshuffle.
US President Donald Trump on Monday claimed that Iran had requested a meeting with the US after the recent military escalation between the two sides over the Strait of Hormuz and announced that talks with Tehran would take place in Doha, Qatar, on Tuesday, despite Iranian officials stating that no technical meetings have been scheduled this week.
Indian stock markets witnessed a significant rally, with the Sensex climbing 964.58 points and the Nifty reaching 24,330, driven by strong buying in blue-chip stocks, particularly in the IT and banking sectors, amidst optimism over Q1 earnings and a shift towards large-cap investments.
Chinese President Xi Jinping has called for global collaboration in Artificial Intelligence development, stating it should be a "symphony" rather than a "solo performance." His remarks came at the World Artificial Intelligence Conference (WAIC) in Shanghai, where 29 countries also signed an agreement to establish the World Artificial Intelligence Cooperation Organisation (WAICO), an independent intergovernmental body headquartered in Shanghai. China also pledged 5,000 AI research projects and training for developing nations.
Indian benchmark indices, Sensex and Nifty, experienced a significant downturn as escalating tensions in West Asia led to a sharp surge in crude oil prices, coupled with fresh foreign fund outflows and a weakening rupee.
A massive swarm of black flies has descended upon Kotagiri town in Tamil Nadu's Nilgiris district, causing widespread panic and discomfort among residents. The unusual invasion has led to calls for official intervention and investigation, despite officials stating the flies do not transmit diseases.
Chinese President Xi Jinping called for global collaboration in artificial intelligence development, emphasising a "symphony of global collaboration" over a "solo performance" by any single nation. Speaking at the World Artificial Intelligence Conference in Shanghai, Xi highlighted the need for ethical AI governance, shared prosperity, and addressing challenges like the widening digital divide. He also announced China's commitment to support developing countries with 5,000 AI research projects and training programmes. The event also saw 29 countries sign an agreement to establish the World Artificial Intelligence Cooperation Organisation (WAICO) in Shanghai.
'They become heroes because of their actions.'
Indian benchmark indices Sensex and Nifty saw a significant rebound in early trade, driven by softer-than-expected US inflation data which has reinforced expectations of a less aggressive monetary policy stance from the Federal Reserve, providing relief to global risk assets.
Lok Sabha Speaker Om Birla is set to make crucial decisions regarding the status of rebel factions from the Trinamool Congress (TMC) and Shiv Sena (UBT) before the Monsoon session of Parliament begins on July 20, following demands for their disqualification by their parent parties.
Researchers at IIT Kanpur have found that 20 per cent ethanol-blended petrol (E20) does not significantly reduce fuel efficiency or harm vehicle engines, contradicting social media claims and providing reassurance amidst its nationwide rollout. The study supports the Oil Ministry's stance on E20's benefits.
Indian benchmark indices Sensex and Nifty closed largely flat on Monday, recovering from early losses, as escalating tensions in West Asia and a sharp rally in crude oil prices weighed on investor sentiment, despite resilience in IT and consumer durables stocks.
EY India has launched its Cyber Performance Management (CPM) platform, an integrated solution designed to help enterprises quantify and manage cyber risk in real-time. This platform leverages AI and cybersecurity to provide decision intelligence, enabling organisations to identify and address threats proactively and translate cyber exposure into financial insights.
Tax treatment depends on the activity and manner of earning income.
Indian benchmark indices Sensex and Nifty surged in early trade, driven by a rally in IT stocks and tempered expectations of US Federal Reserve monetary tightening following softer-than-expected US jobs data. Track Sensex, Nifty on July 3.
The harsh truth is that the US is no longer a reliable partner, cautions Ramesh Menon.
Indian IT service providers face heightened competition from AI-native firms in the next three years, potentially eroding their revenue base unless they remain competitive and protect recurring businesses, according to a report by S&P Global Ratings.
'I am now driving an electric vehicle. I have lost faith in petrol-run cars.'
Indian benchmark indices Sensex and Nifty advanced in early trade, driven by renewed foreign fund inflows and a significant drop in crude oil prices to pre-war levels, signalling an uptrend in the market. Track Sensex, Nifty on July 7, 2026.
The Union Territory administration in Ladakh has announced the establishment of an Autonomous Hill Development Council (AHDC) for each of its seven districts, significantly expanding democratic decentralisation. This move extends elected local self-governance beyond Leh and Kargil, with a proposed Union Territory-level body under a customised Article 371 framework to oversee these councils.
Indian wedding bookings to Sri Lanka are projected to grow 20-25 per cent annually over the next few years.
Indian benchmark indices Sensex and Nifty rebounded in early trade on Thursday, recovering from a sharp fall in the previous session, driven by foreign fund inflows and buying in key blue-chip stocks. Track Sensex, Nifty on July 9, 2026.
The question nobody seems to ask is why a democracy should be silent when many of its citizens are concerned about the way the US is deviating from its traditional ways of consultation, cooperation and collaboration and moving away from traditional allies, asks Ambassador T P Sreenivasan.
Indian benchmark indices, Sensex and Nifty, closed lower due to profit-taking after a four-day rally, influenced by weakness in Asian markets, with Trent shares tumbling over 12 per cent.
Indian stock market benchmark indices Sensex and Nifty closed nearly one per cent higher, extending their winning streak for a second day. This rally was driven by softening crude oil prices, positive geopolitical developments, and significant buying in blue-chip IT stocks, despite a broader global tech sell-off.
Mumbai's coastal luxury residential redevelopment pipeline is valued at approximately 6,000 crore, with 75-80 projects expected to launch over the next eight to nine quarters, driven by improved infrastructure and demand for waterfront living.
'As bacteria become increasingly resistant, preserving the effectiveness of existing antibiotics is everyone's responsibility.'
The Indian government has issued a notice to Meta regarding WhatsApp's upcoming username feature, warning the platform not to roll it out until concerns about potential fraud, impersonation, and public safety are addressed to the government's satisfaction.
Bangladesh's Sports Minister Aminul Haque plans to consult with the ICC regarding alleged irregularities in the Bangladesh Cricket Board elections and will appoint a committee to investigate the country's failure to participate in the T20 World Cup.
Kerala Police have registered a murder case concerning the death of a 22-year-old medical student in Uzbekistan, following a complaint from her family. While the crime occurred abroad, authorities in Haripad have initiated proceedings, stating they will pursue the case if Uzbek police do not prosecute the accused. The family alleges the student was tortured and brutally beaten, not just hit on the head, and claims the accused tried to force her religious conversion.
Avoid builders with very large commitments.
Chief Minister Devendra Fadnavis has ordered an immediate stay on the controversial Maharashtra Right to Information (RTI) rules following a backlash from transparency advocates and a hunger strike threat by veteran anti-corruption activist Anna Hazare.
Akal Takht Jathedar Giani Kuldip Singh Gargajj has given the Punjab government one month to address objections regarding the anti-sacrilege law, the Jaagat Jot Sri Guru Granth Sahib Satkar (Amendment) Act, 2026, which he claims was enacted without consulting the Sikh Panth and interferes in religious affairs.
