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Stock markets rally in early trade as crude oil prices decline further

Mumbai, Jul 2 (PTI) Market benchmark indices Sensex and Nifty rallied in early deals on Thursday amid softening crude oil prices following positive development on the geopolitical front and buying in blue-chip IT stocks. The 30-share BSE Sensex climbed 377.40 points to 77,269.54 early trade. The 50-share NSE Nifty rallied 106.70 points to 24,113.25. “Qatar has stated that the latest round of indirect US–Iran talks has made ‘positive progress’, keeping hopes of a broader diplomatic resolution alive,” Ponmudi R, CEO of Enrich Money, an online trading and wealth-tech firm, said. From the Sensex pack, Infosys, HCL Tech, Tata Consultancy Services,

Microsoft partners with Singapore’s Lightstorm to build India-Southeast Asia undersea cable

July 2 (Reuters) – A consortium including Microsoft and telecom startup Lightstorm plans to build a new undersea cable linking India with Malaysia and Singapore ​as technology firms compete to expand AI and cloud infrastructure ‌in India, one of the world’s fastest-growing data markets. The consortium, whose other members include Tata Communications, Singapore Telecommunications, Singapore’s ASEAN Cableship and Japan’s NEC Corporation, will construct ​the I-2SEA cable to support AI, cloud and hyperscale workloads, ​the companies said on Thursday. They did not provide additional details ⁠including the investment size. The network will span 3,600 km and have landing ​stations in Machilipatnam

US and Iran hold separate meetings in Qatar and agree to continue discussions

DUBAI, United Arab Emirates, July 2, 2026 (AP) — U.S. and Iranian negotiators met separately on Wednesday with Qatari and Pakistani mediators, with “positive progress made,” and they agreed to continue discussions, host Qatar said. The next meeting will be scheduled “at the earliest possible time” after the funeral of Iran’s previous supreme leader, the late Ayatollah Ali Khamenei, Majed al-Ansari, a spokesman for Qatar’s Foreign Ministry, said on X. The funeral is set to start Saturday in Tehran. U.S. Mideast envoy Steve Witkoff and Jared Kushner, U.S. President Donald Trump’s son-in-law, were in Qatar for talks seeking a permanent

Bereaved South Koreans try AI-generated videos of deceased loved ones

SEOUL, South Korea, July 2, 2026 (AP) — When he wanted to give a gift to his father who sacrificed much to raise him as a single parent, Lee Geon Hui settled on an unusual idea: an AI-animated video message from his late grandfather, whom his father misses dearly. Lee, 28, wrote a message and hired the Seoul-based tech company Vaice in December to make a short video clip showing a digital likeness of his grandfather delivering it. The virtual character called his father “my most precious son,” and apologized for making him help with farm work when he was

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