US President Donald Trump has backed a bill that could levy 500% tariffs on countries buying Russian oil, giving the US leverage over major buyers such as China and India to curb imports from Moscow.

Home loans taken from non-banking sources – such as employers, friends, relatives or private lenders – qualify for an interest deduction but not for a principal deduction under section 80C.

The Indian government is introducing vehicle-to-vehicle (V2V) communication technology to enhance road safety and prevent accidents. A joint task force with the Department of Telecom has been established, with the DoT agreeing to allocate specific spectrum for V2V use.

Chinese AI startup DeepSeek is rapidly gaining traction in developing nations, broadening generative AI access despite a widening global economic divide. Its free, open-source models are lowering adoption barriers, particularly in price-sensitive regions, while facing restrictions in Western markets due to security concerns.

US mortgage rates saw a slight increase this week, remaining near their 2025 lows. While borrowing costs have eased significantly from a year ago, they continue to present a challenge for homebuyers. Despite some relief in monthly payments, housing affordability remains a major hurdle.

India’s diamond exports to the US have significantly declined due to a 50% tariff, impacting the industry. Despite this, stakeholders remain hopeful for a trade deal that would eliminate tariffs on natural diamonds. The US remains a crucial market, with India poised to become the second-largest consumer of natural diamonds globally.

Indian tax authorities have highlighted significant risks associated with virtual digital assets like crypto, echoing the Reserve Bank of India’s concerns. The anonymous and borderless nature of these assets, coupled with offshore platforms, makes tracking taxable income and beneficial owners extremely difficult. Jurisdictional challenges further complicate tax recovery, prompting authorities to implement safeguards like TDS

Samsung Electronics is building a future of AI living. At CES 2026, the company revealed its vision for AI companions. These will offer unified and personal experiences across mobile, displays, and home appliances. Samsung aims to make AI a trusted assistant, enhancing daily life and reducing chores. SmartThings already connects millions globally, paving the way