Top News: Queen Elizabeth II passes away, Reliance Jio 5G plans and more | Techno Glob


Queen Elizabeth II, Britain’s longest-reigning monarch and the nation’s figurehead for seven decades, died on Thursday at the age of 96 at her home in Scotland. Reliance Jio is close to finalizing its deal with telecom equipment maker Ericsson to roll out its 5G network in Mumbai and Maharashtra and Kolkata and West Bengal in the first phase of the rollout in October. Read more about these in our top headlines


Queen Elizabeth II, Britain’s longest-serving monarch, has died at the age of 96

Queen Elizabeth II, Britain’s longest-reigning monarch and the nation’s figurehead for seven decades, died on Thursday at the age of 96 at her home in Scotland.

“The Queen passed away peacefully at Balmoral this afternoon,” Buckingham Palace said in a statement. “The King and Queen Consort will be at Balmoral tonight and return to London tomorrow.” Read more


Reliance Jio along with Nokia, Ericsson will launch 5G network in October

Reliance Jio is close to finalizing its deal with telecom equipment maker Ericsson to roll out its 5G network in Mumbai and Maharashtra and Kolkata and West Bengal in the first phase of the rollout in October. He will visit the lucrative Delhi circle with Nokia and Chennai, which includes Tamil Nadu, sources familiar with the development said.

This is the first time Jio is choosing multiple vendors. During its 4G rollout, it signed up the entire network with South Korean giant Samsung, despite stiff competition from European and Chinese vendors. Read more


Railways aims to generate revenue of Rs 30,000 crore with the new land licensing fee policy

With the new land licensing fee (LLF) policy, the Ministry of Railways has identified a revenue potential of Rs 30,000 crore over the next five years, officials in charge of the assessment said on Thursday.

Revenue is generated by increasing the volume of cargo transported through GatiShakti cargo terminals. Read more


EY plans to spin off audit, consulting divisions to ease regulatory concerns

Professional services firm Ernst & Young said on Thursday it plans to split its auditing and consulting divisions into two companies as it eases regulatory concerns about potential conflicts of interest.

“This is something that will change the industry,” Carmine Di Cibio, EY’s global chairman and chief executive, said in an interview. Read more


Banks are jumping on the ONDC bandwagon to capture synergies from the industry

The center’s efforts to democratize online commerce by creating a native network for buyers and sellers have attracted significant interest from the banking sector, with several lenders taking a stake in the network.

Indian lenders are also looking to create buying platforms to create synergies and opportunities for the industry to succeed. Read more


The new foreign trade policy may focus on non-fiscal measures to boost exports

The new foreign trade policy (FTP) is likely to include directives to make India’s exports more competitive through non-fiscal measures, marking a significant shift from the current policy that focuses on incentive schemes.

Ahead of the unveiling of the new FTP, a comprehensive policy strategy to promote exports of goods and services, exporters said it must be “flexible” to deal with various uncertainties and geopolitical challenges the world has been witnessing for more than two years. Read more



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