*Business News Headlines*🇮🇳

*Economic Times*

Ø TTK Prestige acquires 40% stake in Ultrafresh Modular Solutions
Ø S&P affirms 'BBB-' rating on ICICI Bank on improved asset quality
Ø TCS eyes non-metro offices to move closer to tech talent
Ø Pledged shares of Reliance Capital unit can’t be freed: Trustee
Ø Bajaj Auto board approves up to Rs 2,500 cr share buyback
Ø Reliance, PremjiInvest, CP Group, Swiggy look to bid for Metro India unit
Ø Bank of Baroda to raise Rs 5,000 crore via long-term infra bonds
Ø New duty makes iron ore pellet export unviable, prices to crash by 30%: Report
Ø Small steelmakers cheer input cost cut as big rivals fret over export duty
Ø Rice prices jump 10% in just five days on Dhaka duty cuts
Ø Improving monsoon lifts FMCG companies' hopes of rural consumption
Ø Finance Minister to release states' ranking for ease of doing business

*Business Standard*

Ø NMDC's steel plant sale may fetch enterprise valuation of up to $4 bn
Ø Airbus close to winning $5.5-bn order from Jet Airways: Report
Ø Recessions in advanced economies may help cool inflation in India
Ø Vedanta turns to LIC for Rs 5,000 cr as offshore borrowing gets costlier
Ø TVS to bet on electric vehicles; to come up with 5-25-kW products
Ø Indian banks to post larger increase in margins in FY23: Moody's
Ø Moody's upgrades Tata Steel's outlook to 'positive' from 'stable'
Ø PVR, Inox get SEBI nod for merger to create India's largest multiplex chain
Ø India now the fourth largest gold recycling country: World Gold Council
Ø Zomato's Blinkit acquisition may delay its road to profitability: Analysts

*Financial Express*

Ø HDFC Life urges Irdai to allow life insurers sell other financial products
Ø Credit card spends bounce back in May
Ø MSME can generate more profits from e-commerce, says MoS Verma
Ø FPIs’ exodus continues; pull out Rs 46,000 cr from Indian equities in June so far
Ø Sebi gives UPI payment option to invest in public issues of REITs, InvITs
Ø Delhivery doubles down on D2C sector with same-day delivery service
Ø Bank stocks attractive, says HDFC MF’s Prashant Jain; finds D-Street valuations reasonable now
Ø AMFI nod to MFs to resume subscription to overseas funds
Ø RBI extends card tokenisation deadline by 3 months till September

Morning Thoughts...

Telegram @AlliesFin

New Gen Tech :

How to Value - With majority of the new-age stocks still incurring losses, the traditional valuation comparisons aren’t possible and sales multiple has become the preferred multiple. It is important to note the characteristics of revenue for each individual company prior to using revenue multiple based comparisons as these companies belong to different industry verticals and have significantly different revenue recognition approaches. We suggest due consideration to be given to revenue characteristics – competitive moats, network effects, gross margin profile, growth rate, capex/WC requirements and recurring nature of business.

GST Council approves rate of 18% while withdrawing exemption on cheques, lose or in book form: Sources

As per the recent tweet by ET NOW, sources say the GST Council approves rate of 18% while withdrawing exemption on cheques, lose or in book form. 
* GST Council approves rate of 18% while withdrawing exemption on cheques, lose or in book form
* GST Council approves withdrawing exemption on services by department of posts except post cards, envelopes less than 10 gm
* Council approves to increase GST on e-waste from 5% to 18%
* Council agrees to withdraw exemption to services provided by RBI, Sebi, IRDAI, FSSAI
* Council approves hotel accomodation on below Rs 1,000 be taxed at 12%
* GST Council approves withdrawal of GST exemptions on a number of B2B supplies
* Council approves withdrawing GST exemption on storage and warehousing of taxable goods like sugar, natural fiber
* Council approves withdrawal of exemption on services like fumigation of warehouses
* Council approves withdrawal of exemption to business class air travel for northeastern states
* Council approves withdrawal of exemptions on road and rail transport, when such services are input for business
* Council approves withdrawal of exemption on services by way of slaughtering of animals
* GST Council disallows input tax credit refund on account of inverted duty structure in edible oils, coal
* GoM on rate rationalisation had observed substantial refund for edible oils, coal even though rate of inputs do not suggest inversion
* GST Council approves to replace the term ‘branded’ with ‘pre packaged and labelled’ for retail sale to avoid disputes
* Alert: Branded cereals, food attract 5% GST currently
* Council approves continued exemption for food items, cereals sold loose or unlabelled
* Council approves increasing GST on LED lamps, ink, knives, blades, power driven pumps, dairy machinery from 12% to 18%
* Council approves increasing GST on milling machinery for cereals from 5% to 18%
* Council approves increasing GST on solar water heater, finished leather from 5% to 12%
* GST Council approves correcting inverted duty structure on some items
* GST Council approves increasing rate on work contract services supplied to govt, local authorities to 18% to correct inversion
* CGST Council approves increasing rate on specified goods for petroleum from 5% to 12% on input goods to correct inversion.

Mkt. Updates :
@AlliesFin

SGX Nifty -169 pts (15690) from last trade 15859 ,

Nikkei -306 pts ,
Hangseng -293 pts ,
Now @ 6.52am .

Dow -497.21 pts ,Nsdq -343.01 pts, S&P
-78.56 pts, Bovespa -172 pts , Ftse +65 pts , Dax +45 pts , Cac +38 pts , Crude @ $112.24 brl (+0.48), Brent @ $118.59 brl (+0.61) , Gold @ 1820.50 (-0.70), Silver @ $20.765 (-0.05), Euro @ $1.0521, JPY @ $136.15,  INR @ 78.975


US GOVT. 10-YEAR YIELD : 3.16%


Today's Corporate Action, 29 June Ex Date :


SONACOMS
Final Dividend - Rs. - 0.7700
TATASTLLP
Dividend - Rs. - 12.5000
VAIBHAVGBL
Final Dividend - Rs. - 1.5000


Today's Key Results/Board Meetings, 29-Jun-22 :

ABIRAFN
General      
APTPACK
Audited Results    
ASHNI
Preferential Issue of shares;General    
CIGNITI*Buy Back of Shares     
DSSLGeneral      
OZONEWORLD
General      
PANCHSHEEL
Issue Of Warrants;Preferential Issue of shares   
PRECISION
Quarterly Results;General     
SCANDENT
Increase in Authorised Capital;A.G.M.;Preferential Issue of shares;General;Rights Issue
SIS
Buy Back of Shares     
VENUSPIPES
Audited Results     
ZKHATAUE
Preferential Issue of shares;General    


SEC. IN F&O BAN FOR, 29 JUNE, 2022 :

*1. SUNTV. 2. DELTACORP*

*ADDITION : NIL*
*DELETION : NIL*

*Instl. Investors EQUITY Cash Trades PROV. - 29/06/2022 : Rs. CRS. :*

*FIIS : SELL -851 (5,947-6,798)*

*DIIS : BUY +847 (8,308-7,461)*

TRADING \ INVESTING FLOW CHART @A1GURUKULAM

Instl. Investors EQUITY Cash Trades PROV. - 30/06/2022 : Rs. CRS. :

FIIS : SELL -1,138 (9,684-10,822)

DIIS : BUY +1,378 (6,231-4,853)

*MKT. UPDATES :*
@AlliesFin

*SGX Nifty +20 pts (15738) from last trade 15718 ,*

Nikkei -126 pts ,
Hangseng clsd ,
Now @ 6.54am .

Dow -253.88 pts ,Nsdq -149.16 pts, S&P
-33.45 pts, Bovespa -1079 pts , Ftse -143 pts , Dax -219 pts , Cac -108 pts , Crude @ $106.35 brl (+0.59), Brent @ $114.81 brl (-0.00) , Gold @ 1805.40 (-1.90), Silver @ $20.155 (-0.197), Euro @ $1.0473, JPY @ $135.97,  INR @ 78.965


*US GOVT. 10-YEAR YIELD : 2.99%*


*Today's Corporate Action, 01 July Ex Date :*

ANANTRAJ
Final Dividend - Rs. - 0.1200
GEOJITFSL
Final Dividend - Rs. - 3.0000
JYOTHYLAB
Final Dividend - Rs. - 2.5000
L&TFH
Final Dividend - Rs. - 0.5000
MATRIMONY
Buy Back of Shares  
MOTILALOFS
Dividend - Rs. - 3.0000
SIYSIL
Final Dividend - Rs. - 3.2000
SVARTCORP
Bonus issue 5:4 
TIDEWATER
Final Dividend - Rs. - 15.0000
XPROINDIA
Bonus issue 1:2 


*Today's Key Results/Board Meetings, 01-Jul-22 :*

ROOPSHRI
General      
SUPRAP
General     


*SEC. IN F&O BAN FOR, 01-Jul-22 :*

*NIL*


*Today's Alert :*

*RBI to Conduct Auction of GOI BONDS for INR 320 Billion*

India Daybook – Stocks in News


Hero Motocorp: The Arbitration Tribunal has ruled that the Hero trademark can be used by Hero MotoCorp for selling electric vehicles. (Positive)

Bharti Airtel: CCI approves Google Intl's buy of 1.28% stake in Bharti Airtel (Positive)

Phoenix Mills: GIC arm Reco Zinnia invests Rs 400 cr in 3 arms of Phoenix Mills. (Positive)

REC: Company to issue one bonus share for every three shares held (Positive)

Reliance Ind: Reliance Brands announces strategic partnership UK-based food & organic coffee chain ‘Pret A Manger’ (Positive)

Lupin: Company gets approval from US FDA for Paliperidone Extended-Release Tablets. (Positive)

OMCs: Govt rationalises taxes on petrol, diesel. (Positive)

Globus Spirits: Company has tied-up with the aim to offer an integrated service to operate the plant owned by TIL. (Positive)

GR Infraprojects: The company has completed development of Purvanchal Expressway (Package-VII) from Mojrapur to Bijaura in Uttar Pradesh on EPC basis. (Positive)

UPL: The company has acquired 100 percent holding in Nature Bliss Agro (NBAL). (Positive)

Blue Star: CARE has reaffirmed its long term, and short term rating on credit facilities and non-convertible debentures at AA+, but revised the outlook from 'Negative' to 'Stable'. (Positive)

SBI Cards: The company launched ‘Aditya Birla SBI Card’, a "highly rewarding lifestyle credit card," (Positive)

Zydus Lifesciences: The company has received the final approval from the USFDA to market Lacosamide injection. (Positive)

Oil downstream companies: Oil marked its first monthly decline since November (Positive)

MOIL: Company raises some Manganese fines, chem grades price by 5% (Positive)

State Bank of India: Bank to issue Electoral Bonds from July 1 to July 10. (Neutral)

Bharti Airtel: Company accepts the government's offer to defer its adjusted gross revenue (AGR) dues for 2017-18 and 2018-19 for four years. (Neutral)

Hindustan Unilever Ltd: The FMCG major on Thursday announced that its chief executive officer and managing director Sanjiv Mehta will be appointed as the president commissioner (non-executive chairman) of Unilever's Indonesia business.. (Neutral)

Punjab National Bank: The State-owned bank on Thursday revised the base rate by 25 basis points (Neutral)

Yes Bank: Carnival Cin classified as NPA by Yes Bank.

Morning updates !!

• India Key Industries’ Output Expands the Most in 13 Months

• Sri Lanka Breaks Into Hyperinflation Zone Amid Dollar Crunch

• India April-May Fiscal Deficit Reaches 12.3% of FY23 Target

• India Banking Sector Health Improves as Bad Loans Hit 6-Yr Low

o Bad loans ratio falls to 5.9% by March, against estimate of 9.8%

o India Consumer Durables Loans Rise to Record in May

• Pret A Manger to Expand Into India With Ambanis’ Reliance Brands

• Blackstone Said to Weigh US Listing of $2 Billion Tech Firm IBS

o IBS Software has filed confidentially for its US share sale

• Keppel Ends Joint Venture to Develop India Residential Project

• India Cumulative Monsoon Rainfall 8% Below Normal as of June 30

• Global Funds Sell Net INR11.4B India Stocks on Thursday: NSE

o Domestic funds buy net 13.8b rupees of stocks

• Foreign Investors Sell Net INR3.09B of India Equities Wednesday

• Ukraine Latest: US to Announce Another $800M in Defense Aid

• 10:30am: S&P Global’s India Manufacturing PMI for June, prior 54.6

• Bharti Airtel (BHARTI): CCI Approves Proposed Deal involving Google International, Bharti Airtel

• Indus Towers (INDUSTOW): Bharti Airtel buys additional 2.06% stake in Indus Towers

• Lupin (LPC): Gets U.S. FDA approval for ANDA Paliperidone ER tablets, a generic of Invega ER pills

• Max India (MAXINDIA): Files petition with NCLT for sanction of Scheme of Reduction of Capital with its shareholder

• Reliance Industries (RIL): Pret A Manger to Launch Operations in India With Reliance Brands

• Union Bank of India (UNBK): Shareholders approve capital raising of about INR81b

News and Impact


· Expects market to open on a flat note on account of global cues. Asian markets open on a flat to negative note while overnight US and European market fell between 1-2% after US data showing a slowdown in consumer spending the main driver of the US economy fueled concern about a recession. US consumer spending fell for the first time this year, suggesting an economy on somewhat weaker footing than previously thought amid rapid inflation and Federal Reserve hikes. US 10-Year Bond fell to over 1-month low to 3% from record high of 3.5%. Expects rangeboud market today ahead of quarter results to be announce next week. SGX Nifty is trading flat today while US Dow Future slipped 0.2%. Positive factor in the domestic market that the Brent crude decline sharply from $118/bbl to $110/bbl (one of the biggest fall since last 6-month) and Core sectors surged to 13-month high. However, poor July roll over and continued FIIs selling may dampen the market sentiment. Traders buy on decline strategy in the market and expects stock specific action. Metal stocks may negative due to sharp decline across the asset class like Copper, Zinc, Aluminum price fell to 1-2 year high low), silver price 2-year low and Gold pride fell to 6-week low. Auto stocks will be focus today ahead of June monthly sales to be announce todayUS equity benchmarks declined on Thursday as consumer spending rose at half the projected pace for May while Federal Reserve's preferred inflation gauge showed continued signs of a slowdown. S&P 500, Dow Jones and Nasdaq Composite declined 1% each. Investors weighed rising interest rates against recession fears, with central bankers warning of a longer-lasting inflation shock.
· Asian stocks struggled to make progress on Friday as investors assessed worries about an economic slowdown and whether any relief lies ahead after a first-half drubbing for global markets. Shares fell in Japan, Taiwan and South Korea
· European markets decline sharply as investors focused on the prospects for economic slowdown and stubbornly high inflation in the region. UK, Germany and France Index slipped 2% each. Surging oil prices, higher rates and concerns of a recession pulled down European markets.
· Brent Crude declined sharply by 6% to $110/bbl on concern that a potential recession will cut into energy demand and OPEC+ approved plans to add 648,000 barrels a day in August.
· Gold slipped over 1% to $1806/ounce as investors weighed interest-rate rises that damp the allure of the metal against downturn risks that could boost its haven appeal.
· Actionable - L&T, MCX, Bharti Airtel
· Brokers Radar – Infosys TGT by Credit Swiss at 2050, Reliance Industries TGT by Credit Swiss at 2510, Infosys TGT by Nomura at 1710. Citi 1740, CITI TGT on TCS at 3130 and HSBC TGT at 3570
· Events – Single use plastic ban from today, Tata Motor price hike by 1-5% -2.5% from today, Hero Motocorp price hike by Rs3000 from today. Xpro India bonus 1:2, Tide Water dividend Rs15, Jyothy Labs dividend Rs2.50, Geojit Financial – dividend Rs3
· Global Data – ISM Manufacturing and ISM New Orders (US), S&P Global India PMI Manufacturing Data (India)
· Market Summary – Reliance to launch UK sandwich outlet Pret A Manger in India, Google cleared to buy 1.28% stake in Bharti Airtel, Bajaj Finance hikes deposit rates, yet again, PM inaugurates Bosch India's 'smart' campus in Bengaluru, Dr. Reddy's Lab announces conclusion of patent litigation with Indivior Inc, McDonald's India launches first all-women drive-thru restaurant, Gujarat, TTK Prestige Concludes Long-term Settlement with Workers
· Coal India: Coal India Ltd is looking at taking all its eight subsidiaries public as prices of the fossil fuel soared after power demand rebounded from the pandemic, a government official aware of the development said. - positive

· Bajaj Finance - With inflation concerns looming large, the Reserve Bank of India hiked repo rate by 90 basis points to 4.9% in a short span of around two months. The interest rate on 12-23 months cumulative FD will go up from 5.75% to 6.2%. Bajaj Finance FDs are rated AAA/Stable by CRISIL, and AAA (Stable) by ICRA.- Positive
· Reliance Brands on Thursday announced its entry into the food and beverage space through a long-term master franchise partnership with UK-based fresh food and organic coffee chain Pret A Manger. It has entered into a strategic partnership with Pret A Manger to launch and build the brand in India and plans to open the food chain outlets across the country starting with major cities and travel hubs, said a joint statement. Started in London in 1986, Pret A Manger now operates around 550 shops in countries, including the UK, US, Hong Kong, France, Dubai, Switzerland, Brussels, Singapore and Germany. – positive.
· Bharti Airtel defers Rs 3,000 crore FY18, FY19 AGR dues for 4 years – positive
· Federal Bank opens 10 new branches in a single day
· MTAR Tech wins $22.12mn orders in clean energy segment – positive
· Maruti - India's number one car company Maruti Suzuki has come out with its latest offering the Maruti Suzuki Brezza. The car has been launched on June 30 – positive
· Google cleared to buy 1.28% stake in Bharti Airtel - The global technology giant will invest up to $1 billion in the telecom service provider through a mix of equity and commercial partnerships in areas like affordable smartpnones, networks, and cloud.- positive
· Lupin has received approval from the United States Food and Drug Administration (FDA) to market Paliperidone Extended-Release Tablets in the American market.
· TCS to announce Q1 results on July 8, 2022
· Zydus Lifesciences gets final approval from U.S. FDA to market Lacosamide injection USP, 200 mg/20 mL single-dose vials. The drug is used to treat partial-onset seizures and primary generalised tonic-clonic seizures. The growth, which has market size of $50 million according to IQVIA – positive
· Bosch opened its 76-acre new smart campus Spark.NXT, which can house 10,000 employees, in Bengaluru. The technology and services supplier has invested Rs 800 crore over the last five years in developing the campus that features multiple smart solutions based on security, sustainability and user experience.- positive
· Devyani International announced the launch of its 1000th outset with the opening of the newest Pizza Hut at Sion, Mumbai. The quick-service restaurant operator, that operates across India, Nigeria and Nepal aims to build 1,000 more outlets in the next four to five years.- positive
· Westlife Development - McDonald's announced the launch of its first all-women drive-thru restaurant in Ekta Nagar, Gujarat. This new restaurant, operated by Westlife Development, McDonald's India's franchise partner, is located in the vicinity of the Statue of Unity. With this launch, Westlife now operates 45 McDonald's restaurants in Gujarat.- positive
· Kitchen appliance company TTK Prestige completed its long-term settlement with workers at its Uttarakhand, India. The settlement provides for improved productivity comparable with the increased beneifts given to the workers. - Positive
· Ahluwalia Contracts secured the new order worth Rs 209 crore from DC Development Noida for the construction of Adani Connex Data Centers in the city. - positive
· SBI Card partners with Aditya Birla Finance on Credit Card – positive
· Highway developers and infrastructure companies FOCUS after Prime Minister Narendra Modi’s party is seen returning to power in Maharashtra, the richest state in the country and also home to financial capital Mumbai.- Expects positive for L&T, PNC Infra, NCC, GR Infra, Ashoka Buildocn.

· Positive for automotive safety and float glass makers - Directorate General of Trade Remedies under Department of Commerce recommended imposing anti-dumping duty on imports of clear float glass – expects positive for Asahi India and Saint Gobain Sekurit.
· ITD Cementation has received Letter of Acceptance for construction of Wharf and Approach Trestle Works from Bharat Mumbai Container Terminals Private Limited (BMCT) at Jawaharlal Nehru Port worth over Rs700 crore – positive
· AU Small Finance Bank- CRISIL Ratings has revised the rating of AU Small Finance Bank Limited's long-term debt instruments to ‘CRISIL AA/Stable’ from ‘CRISIL AA-/Positive.’ – positive
· Sterlite Technologies has signed the definitive agreement to acquire balance 25% stake in Jiangsu Sterlite Tongguang Fiber Co. Ltd. (JSTFCL). Acquisition of the remaining 25% of JSTFCL will ensure optical fiber supply security to support STL’s expanding optical fiber cable operations. – Positive
· D-Link - CRISIL Ratings has reaffirmed its ‘CRISIL A/Stable’ rating on the long-term bank facility – positive
· ABB - THINK Gas, one of India's fastest-growing city gas distribution companies, has partnered with ABB India to deliver a digital solution to maximize the efficiency, availability, and reliability of its extensive city gas network, which includes multiple remote terminals spread across multiple locations. – Positive
· TCS has launched the TCS Servitization Engine on Oracle Cloud, which will assist customers in developing subscription-first business models and providing outcome-based solutions with intelligent service capabilities. – Positive
· Manappuram Finance board gives nods to fund raising of up to Rs 770 crore via debt securities; - Long term positive
· UPL have announced a new partnership to increase productivity, profitability, and sustainability for farmers in Brazil. – positive
· Bajaj Electricals, has appointed Ravindra Singh Negi as Chief Operating Officer (COO) of its Consumer Products Business and Rajesh Naik as Head of the Lighting Business. Anuj Poddar, Executive Director of Bajaj Electricals Limited, will report to both executives. – Long term positive
· Allied Digital has received Letter of Intent for Solapur Safe City project as a sole bidder. The contract value is approx. Rs49 crore. – positive
· Aditya Birla Fashion and Retail: - When compared to the prior year's quarter, inventory levels at almost a dozen publicly traded Indian retailers increased by an average of 50% as they took precautions against pandemic-related disruptions because they anticipated higher demand following two years of subpar sales performance. - positive
· Indian Overseas Bank - Crisil raised the rating on Indian Overseas Bank's tier-2 bonds and fixed deposit program to AA- from A+ and affirmed its A1+ rating on the company's certificate of deposits program - positive
· Wonderla Holidays signing a lease pact for land to be used for developing an amusement park in Odisha state. – positive
· Power Grid to consider raising up to Rs6000cr via bonds on July 06, company to consider up to Rs5000cr loan from bank for capex – positive
· JB Chemical acquires some portfolio of Dr Reddy’s Lab brands worth Rs98.3cr – positive
· Dr. Reddy's Lab has announced about the conclusion of the patent litigation brought by Indivior Inc. and Indivior UK Ltd and Aquestive Therapeutics, Inc. relating to the Company's generic buprenorphine and naloxone sublingual film, a therapeutic equivalent generic version of Suboxone® sublingual film in U.S.A – positive
· The Board of Directors of High Energy Batteries have fixed the Record Date, for the Purpose of Sub-division of existing Equity Share of face value of Rs. 10/ to 2 - (Ten) on record date on Wednesday, the 10th August, 2022.

· Adani Enterprises Ltd has acquired 10,000 (100%) Equity Shares of Rs. 10/- each of Alluvial Natural Resources Private Limited (ANRPL) from Adani Infra (India) Limited on 28th June, 2022. – Avoid, small acquisition
· Vardhman Polytex has made One Time Settlement (OTS) with PNB . The company has made final payment of OTS to Punjab National Bank on 29.06.2022.- positive
· Veranda Learning Solutions Ltd approves fund raising of Euros 30 million – Positive

Buying Gold Gets Expensive!

Gold Import Duty Increased by 5%

Gold Import Duty Raised to 12.5%

Also Attracts 3% GST

------------------------------

Total Duty Now at 15.75%
12.5%: Import Duty
2.5%: Agri Cess
0.75%: Social Welfare Surcharge

Reliance slips after Govt raises taxes on export of gasoline, diesel and Jet fuel

· Heavyweight, Reliance Industries slipped by 4% to Rs2503 amid hefty volume of 37 lakh shares traded on NSE after the news that the government raised taxes on export of gasoline, diesel and jet fuel.
· Government has asked exporters of gasoline and diesel to meet local sales commitments, according to a government notification.
· Gasoline exporters have been asked to give a self declaration that 50% of the quantity mentioned in the shipping bill has been or will be supplied to the domestic market during the current financial year.
For diesel, the requirement is 30% of volume for the local market

Corporate lessons from political happenings in Maharashtra

1. Top Boss must be accessible to ALL: MLAs rebelled due to inaccessible CM.

2. Wrong business Alliances can break your company: SS entered into an alliance which was against the political ideology. Cultural integration became an issue, ultimately failed.

3. If unemployed, be ready to accept one level down position: Devendra Fadanvis assumed the post of Deputy CM after serving as the CM in his last stint.

4. Experience is superior to the inheritance: 2/3 of the MLAs supported Mr. Shinde who is a home grown talent of the party over the political heirs of Late Shri Balasaheb Thackeray.

5. Do not neglect your middle management: a neglected middle manager can be the future CEO of another company..

6. When the other party needs an alliance: negotiate hard- NCP and INC grabbed meaty portfolios in previous govt. They were aware about the shorter life span of the alliance.

And the last one: CEO can't be on WFH

#business #management #talent #wfh #leadership #experience #learning #marketing #motivation #india

WORLD DOCTORS AND CHARTERED ACCOUNTANTS DAY... @ALLIESFIN 👏🏻

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