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<keyword id="2746883" type="General" weightage="50" keywordseo="key-highlights" source="Orion">Key Highlights</keyword> for April '22: <ul><li>Room Air Conditioner category recorded an unprecedented growth of over 170%</li><li>The overall Cooling Products segment grew by more than 160%</li><li>Commercial Refrigeration category grew by 125%Voltas <keyword id="1762359" type="General" weightage="50" keywordseo="beko" source="Orion">Beko</keyword> home appliances segment grew by 75%.</li></ul> <keyword id="452495" type="General" weightage="50" keywordseo="voltas-limited" source="Orion">Voltas Limited</keyword>,, from the house of <keyword id="8555" type="General" weightage="50" keywordseo="tata" source="Orion">Tata</keyword>'s, recorded a triple-digit growth in April 2022 , due to an increase in demand for cooling products given the intense summer experienced across the country. The volumes of April 2022 in the cooling products segment has broken many records. <keyword id="6354999" type="General" weightage="100" keywordseo="voltas" source="Orion">Voltas</keyword> has been the undisputed market leader in the Room Air Conditioner category since more than a decade, consistently maintaining the No. 1 position and has steadily maintained its lead over competition, with a lead of more than 640 BPS over nearest competitor as on YTD March FY22. The brand is now gearing up to meet its business objectives for FY 23. Commenting on the performance, Mr. <keyword id="272815" type="General" weightage="50" keywordseo="pradeep-bakshi" source="Orion">Pradeep Bakshi</keyword>, Managing Director &amp; CEO, <keyword id="201377" type="General" weightage="50" keywordseo="voltas-ltd" source="Orion">Voltas Ltd</keyword> said, "The summer of April 2022, has helped us gain an unprecedented growth in comparison to the last three years. Our Room AC business has grown up by over 170% in volume. The overall cooling products business has grown by more than 160% while our Home Appliances grew by 75% in volume. In Commercial Refrigeration, the company has grown by 125% in volume in April 22. We believe that our wide presence, focus on the emerging channels, excellent distribution network, strongest brand equity and attractive consumer offers, will help the brand stay ahead of the industry" He further added, "We are well poised to meet the growing demand, and are optimistic about achieving our business objectives for the financial year FY23." Besides its 24,000 customer touch points, Voltas also has a widespread network of exclusive brand outlets (EBOs) and plans to launch many more Brand Shops and Experience Zones by the end of FY 23. The Company has recently launched a dynamic product portfolio for the summer, and several Brand Shops in Tier 1, 2, and 3 cities across the country, to meet the expectations of consumers in these markets and enable them to experience the best-in-class technologically advanced products. Disclaimer: The following press release comes to you under an arrangement with PRNewswire. PTI takes no editorial responsibility for the same.

Voltas records an unprecedented triple-digit growth in April '22

The Department of Technology (DoT) is addressing the new digital environment by sharing the <keyword id="6488171" type="ORGANIZATION" weightage="20" keywordseo="National-Digital-Communications-Policy">National Digital Communications Policy</keyword> (NDCP) 2018's <a href="http://dot.gov.in/sites/default/files/DNDCP2018.pdf" data-type="tilCustomLink">draft</a> on its website. They’re also inviting responses from stakeholders and the public to make amendments. The NDCP outlines three main action paths, namely, ‘Connect <keyword id="3658" type="COUNTRY" weightage="20" keywordseo="India">India</keyword>’, ‘Propel India’ and ‘Secure India’ in its approach to addressing issues in the digital arena. Connect India looks at broadband as a tool for socio-economic development, while Proper India has the aim of harnessing the power of new digital technologies like 5G, artificial intelligence (AI) and Big Data. And finally, Secure India will move forward to ensure the sovereignty, safety and security of digital communication in the country. 
	
	
	
	
	
	
	<div type="image" title="Highlights from the national digital communications policy (1)" msid="64016362" hostid="261"></div>















 1. Change of name Previously known as the National <keyword id="478168" type="ORGANIZATION" weightage="20" keywordseo="telecom-policy">Telecom Policy</keyword> 2012, the NDCP marks a clear shift in priorities from just telecommunications to digital infrastructure, services and security. 2. ‘<keyword id="6493830" type="UNKNOWN" weightage="20" keywordseo="broadband-for-all">Broadband for All</keyword>’ The new policy aims to make sure that every citizen has access to broadband running at least 50Mbps, while all key development institutes should be receiving at least 100Mpbs of speed by 2022. The NDCP also seeks to ensure connectivity in all areas that are currently uncovered through channelising the Universal Service Obligation Fund (USOF). 3. ‘Fibre First Initiative’ There are two parts to this. The first aspect involves the implementation collaborative models to improve infrastructure sharing between public, local and private entities to increase access to fibre optic cables in municipalities, rural areas and national highways. The second fold involves leveraging the existing infrastructure to boost connectivity, affordability and sustainability. 4. National Digital Grid A central authority, called the <keyword id="6493828" type="ORGANIZATION" weightage="20" keywordseo="national-fibre-authority">National Fibre Authority</keyword>, will be put in place to handle utility between new initiatives being launched under the NDCP. The authority would coordinate access, standardisation of costs and timelines with respect to the National Digital Grid between the centre, states and local bodies. More importantly, such a mechanism will hopefully help remove barriers to obtaining approvals. 5. Create 4 million additional jobs in the Digital arena by 2022 Although the NDCP has stated the creation of additional jobs as a primary strategic goal that needs to be achieved by 2022, no specific measures or plan outline has been presented in the draft. That being said, they do vaguely point towards ‘capacity building’ as a subset of propelling India forward. 6. Attract $100 billion foreign investment for the telecom sector by 2022 Speaking of pushing India ahead, foreign investment has been highlighted as a major aspect of the policy. The NDCP aims to catalyse investment for the digital sector through various avenues like ensuring a holistic and harmonised approach for harnessing emerging tech, as well as providing an impetus to research and development, start-ups and local manufacturing. 7. Re-train and re-skill 1 million people with ‘new-age skills’ The people who are already a part of the workforce will be further empowered with the strengthening of PSUs (Public Sector Undertakings). The existing training infrastructure that’s already available with the telecom PSUs can be used for further skill development. 8. Expand the <keyword id="970768" type="PERSON" weightage="20" keywordseo="internet-of-things">Internet of Things</keyword> (IoT) network to encompass 5 billion connected devices The NDCP envisions to achieve this by simplifying the licensing and regulatory frameworks to ensure that appropriate security frameworks are put in place for using IoT, which is one of the leading concerns as of now. Another venture to promote IoT includes earmarking unlicensed spectrum space for IoT services, which will future-proof the use of IoT devices looking ahead. 9. Review of licence fees and spectrum usage charges The DoT recognized that the spectrum is a ‘key natural resource for public benefit’. The policy draft states that it will look into the optimal pricing of the spectrum so that the process is sustainable while also providing affordable access. There’s also a clause that states that spectrum allocation requires the development of a fair, flexible, simple and transparent method system. 10. The encouragement of Next Generation Access Technologies The policy outlines a basic plan to boost the participation of licensed service providers in using next generation access technologies in order to move towards cost optimisation, service agility and new revenue streams. 11. Creating Broadband Readiness Index for States/UTs A standard measurement mechanism will help attract investments and address challenges from the rest of the world. This initiative will be supported through fiscal stimuli like depreciation and tax incentives. 12. Secure India The aim of the policy is to establish a strong, flexible and robust data protection regime so that each citizen and enterprise can operate with autonomy and be given the freedom of choice. More importantly, the NDCP wants to put forth a Telecom Testing and Security Certification (TTSC) to enforce security standards that are at par will global standards with consideration for local requirements.

12 key highlights from India’s new National Digital Communications Policy

<div class="KonaFilter image-container display-table"><div><div class="image on-image">AP/Elaine ThompsonSeattle has an Amazon-branded streetcar.</div></div></div><ul><li><a href="https://www.businessinsider.com/category/amazon">Amazon</a> made a $1.5 million investment in bus infrastructure in Seattle.</li><li>The investment will increase bus frequency on some routes that Amazon employees use to get to work.</li><li>Public transit has been a big sticking point for cities as they fight for the chance to host Amazon's second headquarters, <a href="https://www.businessinsider.com/category/amazon-hq2">HQ2</a>.</li></ul><a href="https://markets.businessinsider.com/stocks/amzn-stock">Amazon</a> is making another major investment in public transit.King County, Washington, announced last Wednesday that the online <keyword id="6354851" type="UNKNOWN" weightage="100" keywordseo="retail">retail</keyword> giant would be investing $1.5 million in increasing bus frequency in the area. The money will help to add 22 more weekday bus trips for a period of two years on some of the city's busiest routes. That's equal to room for 1,700 more riders."Adding 12,000 hours of additional bus service across the county and city's busiest routes will benefit all King County and Seattle residents," John Schoettler, head of real estate at Amazon, said in a statement. "More than half of our employees get to work in ways other than a single occupant vehicle - including more than 20 percent that take the bus. We are excited to see the increased capacity, and will continue to work with Metro and the City of Seattle to find innovative solutions that provide long-term transit options for the region."Amazon has paid for $60 million worth of public transit for its employees since 2014. The company previously supported public transit in the region by investing $5.5 million in Seattle's <a href="https://www.seattletimes.com/seattle-news/amazon-plan-adds-more-streetcar-trips/">streetcar in 2012.</a>The company has stated that public transit is one of its priorities for selecting a location for its second headquarters. Earlier this year, <a href="https://www.axios.com/amazon-hq2-shorlist-shows-that-jeff-bez-1516308780-e87b39b5-f4b2-4f46-9cd1-3b2bca6598d8.html">Axios reported</a> that Amazon "froze out cities with poor public transit" when the company selected its <a href="https://www.businessinsider.com/amazon-reveals-hq2-candidates-2018-1">shortlist of potential cities</a>.Amazon <a href="https://www.businessinsider.com/amazon-myth-leads-cities-to-scramble-for-hq2-2018-1">has been blamed for contributing to traffic congestion</a> in Seattle as it has grown rapidly in the city. The company clearly wants to avoid a repeat of the problem as it makes a fresh start in a new city. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/cactus-store-nyc-why-this-cactus-listed-250000-2018-6">Why this cactus is listed for $250,000</a></h3> <div> </div> </div>

Amazon made an important investment in Seattle, and it highlights a key issue for HQ2

<ul class="summary-list"><li>Russia's economy is facing challenges despite resilience and high liquidity, says Rosneft's CEO.</li><li>He said the central bank's 16% interest rate to curb inflation hampers borrowing and investment.</li></ul>Russia's wartime economy appears to be humming along over two years into its war with Ukraine. But doing business is hard, according to the boss of a Russian oil giant."Despite a record 103 trillion ruble of liquidity within the perimeter of the Russian banking system, the industry is unable to raise financing," <a target="_blank" href="https://www.rosneft.com/press/news/item/219917/">said</a> Igor Sechin, the CEO of Rosneft — Russia's largest oil producer — at the <a target="_blank" href="https://www.businessinsider.com/russia-economy-politics-putin-nepo-baby-daughters-st-petersberg-forum-2024-6">St. Petersburg International Economic Forum</a> on Saturday. That's about $1.2 billion of liquidity.The country's top central banker, Elvira Nabiullina, has hiked interest rates up to 16% over the last year to tame inflation.The high rates discourage borrowing and investment, "which are necessary for sustainable development," said Sechin.It wasn't the first time Sechin griped about high interest rates.Last month, after Rosneft's first-quarter results, <a target="_blank" rel="noopener" class="media-ui-Link_link-tVkXhPLPofs-" href="https://www.rosneft.com/press/releases/item/219651/">Sechin said</a> that "market conditions in Russia have already resulted in a significant incremental cost of debt.""The Company's average quarterly debt service cost reached its maximum in the 21st century," Sechin added.On Friday, <a target="_blank" href="https://www.cbr.ru/eng/press/keypr/">Russia's central bank </a>kept its key interest rate at 16% for the fourth straight month. But the bank said in a statement that it "holds open the prospect of increasing the key rate at its upcoming meeting" on July 26 should high inflation continue.<a target="_blank" rel=" nofollow" href="https://tass.com/economy/1798675">Russia's inflation rate</a> stood at 8.17% from May 28 to June 3 — up from 8.07% a week earlier. This is double the central bank's 4% inflation target.<h2 id="baa7bab9-2d82-477a-b58d-fb615b79663e">Russia's overheated economy masks risks</h2>Sechin's comments highlight the challenges in Russia's sanctions-hit economy, which has appeared resilient despite the Ukraine war.Russia posted 3.6%<a target="_blank" rel=" nofollow" href="https://www.reuters.com/world/europe/russian-2024-gdp-growth-seen-matching-2023-36-finance-minister-says-2024-04-19/"> GDP growth last year</a> and unemployment rate hit a record low 2.6% in April. Meanwhile, real wages jumped nearly 13% in March from a year ago due to an ongoing labor crunch.It's so hot that Herman Gref, the CEO of Sberbank — Russia's largest bank by asset value — said last week the <a target="_blank" href="https://www.businessinsider.com/russias-economy-definitely-and-strongly-overheated-sberbank-ceo-2024-6">country's economy</a> is "definitely and strongly overheated." Nabiullina herself warned in December the country's economy was at <a target="_blank" rel="" href="https://www.businessinsider.com/russia-economy-central-bank-governor-nabiullina-warns-overheating-inflation-interest-2023-12">risk of overheating.</a>Reports from Russia suggest the country's economy is <a target="_blank" rel="" href="https://www.businessinsider.com/russia-economy-how-moscow-pays-war-economy-afloat-sanctions-ukraine-2024-2">primarily driven by</a> wartime activities that generate demand for military goods and services, subsidies that steady the economy, and sharp policy-making.But rosy GDP figures alone are not a good measure of economic performance during wartime. The main production — weapons and munitions — doesn't better the quality of life for Russians or contribute to future economic growth, Sergei Guriev, a former chief economist at the European Bank for Reconstruction and Development, <a target="_blank" href="https://daviscenter.fas.harvard.edu/insights/russias-economy-war-ukraine-and-hopes-post-putin-liberalization">said</a> in January.

A key Russian CEO just highlighted the clash between stabilizing the economy and growing business in wartime

"The sanctity of the Constitution, it is our responsibility. We must not forget that people give us power when we move together in consensus... Consensus is more important than majority rule…." After a long time, we saw Prime Minister <keyword id="6354477" type="PERSON" weightage="100" keywordseo="Narendra-Modi">Narendra Modi</keyword> move away from launching scathing attacks on the Opposition and rise beyond petty politics to talk of the sanctity of the Indian Constitution. On Friday, as he addressed the <keyword id="6355187" type="ORGANIZATION" weightage="100" keywordseo="Lok-Sabha">Lok Sabha</keyword> on the <keyword id="3152186" type="UNKNOWN" weightage="100" keywordseo="Constitution-Debate">Constitution debate</keyword>, he was seen reaching out to the Opposition like never before amid discussions being held to commemorate the 125th birth anniversary of Dr <keyword id="116616" type="ORGANIZATION" weightage="100" keywordseo="BR-Ambedkar">BR Ambedkar</keyword>. Here are some of the key takeaways from his speech: 
 
His ‘Idea of India’ 
 Prime Minister Narendra Modi said <keyword id="6354914" type="ORGANIZATION" weightage="100" keywordseo="Democracy">democracy</keyword> gains strength when consensus is built and no party can impose its will no matter how big majority it possesses. In his one-hour long speech, Modi said 'India first' is the only religion of government and Constitution is its only scripture. 
 
Rising above politics to laud all the previous governments 
 
Modi said that all past Prime Ministers and governments deserve credit for the country's growth and no one can say that past governments did not do anything. "The growth of this country is because of all the Prime Ministers and all governments. We can never say that past government has done nothing. It is the demand of time that we make people aware of the sanctity and strength of our Constitution," he said. 
 
Saluting Dr BR Ambedkar for the Constitution: 
 
Lauding Dr. BR Ambedkar for his contribution to the making of the Indian Constitution, the Prime Minister said that Babasaheb consumed all the poison and gave India 'amrit' in the form of the Constitution. He added that the spirit of the parliamentary debates and Constitution is not about one or two individuals, but about the entire country. 
 
Envisaging the need to follow constitutional measures for maintaining democracy: 
 
"If Constitution simply becomes a document to be followed by the government then democracy will suffer, that's why it needs to reach the roots. To strengthen our democracy, it is important for people to know about all the aspects of our Constitution. If we wish to maintain democracy, we must maintain and uphold constitutional measures. Constitution's purpose is not just to define three organs of the state, but also limit their authority," the Prime Minister said.

'India first is the only religion of govt and Constitution is its only scripture': Key highlights from PM Modi's speech in Parliament

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<ul><li><keyword id="577854" type="PERSON" weightage="60" keywordseo="Chris-Sacca">Chris Sacca</keyword> highlighted the risks to amateur investors of backing <keyword id="6362513" type="UNKNOWN" weightage="60" keywordseo="startups">startups</keyword>.</li><li>The billionaire venture capitalist pointed out that professionals often lose money.</li><li>Sacca advised casual investors to spread their bets, avoid debt, and expect to fail.</li><li><a href="https://www.businessinsider.com/?hprecirc-bullet">See more stories on Insider's business page</a>.</li></ul>Investor Chris Sacca praised new rules allowing more people to bet on startups in a <a href="https://twitter.com/sacca/status/1371886011597254657">Twitter thread</a> this week. However, he told amateur investors to exercise caution given the significant risks."Mom &amp; Pop shouldn't be shut out anymore," Sacca said, after regulators <a href="https://www.sec.gov/news/press-release/2020-191">expanded the definition</a> of "accredited investor" and <a href="https://www.sec.gov/news/press-release/2020-273">loosened restrictions</a> on how much people can invest in <a href="https://www.businessinsider.com/gumroad-sahil-lavingia-opens-5m-crowdfunding-round-new-sec-rule-2021-3?r=US&amp;IR=TIR=T">crowdfunding rounds</a>.Yet early-stage companies rarely succeed, the <keyword id="2881636" type="COMPANY" weightage="60" keywordseo="Lowercase-Capital">Lowercase Capital</keyword> founder and former "<keyword id="1417364" type="COMPANY" weightage="60" keywordseo="Shark-Tank">Shark Tank</keyword>" star warned."Most startups shit the bed," he said. "Don't invest money that you can't afford to lose."Sacca - an early investor in Uber, Twitter, and Instagram - pointed out professional investors back dozens of businesses to boost their chances of finding a winner."The real danger is when everyday folks put money into one of these companies, but can't afford to place multiple bets," he said. "Letting it all ride on one venture stacks the odds against you."Amateurs shouldn't get cocky and expect to outsmart the pros either, Sacca cautioned."I've shattered the market, put up silly numbers, and have an insanely high hit-rate," he said. "Yet I'm here to tell you that we still have companies go to zero."Angel investors and venture capitalists stomach losses even though they can help their portfolio companies find a buyer, execute a turnaround, or raise more money, Sacca continued."We have the paddles and can yell 'Clear!" he said. "And yet, we still have patients flatline on the table."Sacca dismissed the idea that betting on startups should be "reserved for the rich." Yet he felt compelled to offer some tips to help casual investors avoid being the "inevitable horror story.""Only invest what you can lose. Don't borrow," he said. "Spread it around multiple investments. And, overall, assume you are going to lose your money and be pleasantly surprised if you get back more than you put in. Good luck."Sacca offered <a href="https://markets.businessinsider.com/currencies/news/billionaire-investor-chris-sacca-mocks-robinhood-bros-trading-reckless-stonks-2021-1-1029928519">similar advice</a> to <a href="https://markets.businessinsider.com/news/stocks/chris-sacca-shark-tank-cheers-gamestop-traders-warns-dangers-debt-2021-1-1030015728">day traders</a> earlier this year. He warned them not to borrow money to make trades, highlighting his experience of turning his student loans into $12 million, only to wake up $4 million in debt after his debts soured.

Venture capitalist Chris Sacca highlights the key risks of betting on startups - and offers 3 tips for amateur investors

Ray Dalio/YouTubeRay Dalio and Sean "Diddy" Combs embrace in front of Diddy's California home.<ul class="summary-list"><li>Billionaire Ray Dalio, founder and co-chairman of Bridgewater Associates, released a recent mentoring session he had with rap mogul Sean "Diddy" Combs.</li><li>Dalio <a href="https://twitter.com/RayDalio/status/1204445469713326080">publicized the interview on Twitter</a> and <a href="https://www.youtube.com/watch?time_continue=2&amp;v=SCCfk2a2O5o&amp;feature=emb_title">released it on YouTube</a>.</li><li>Diddy sought Dalio's mentorship "to help take his great success to another level," <a href="https://twitter.com/RayDalio/status/1204445640937418752">according to Dalio</a>.</li><li><a href="https://www.businessinsider.com/prime?module=article&amp;area=summary" target="_blank" rel="noopener">Click here for more BI Prime stories</a>.</li></ul><h3>You can watch the full interview here:</h3>Dalio-Diddy is the pairing you never knew you needed.Billionaire hedge funder Ray Dalio gave viewers an inside look into a recent mentoring session he had with his new protégé, none other than the rap mogul Sean "Diddy" Combs.This unlikely pairing took center stage in a thoughtful interview Dalio <a href="https://twitter.com/RayDalio/status/1204445469713326080">publicized on Twitter</a> and <a href="https://www.youtube.com/watch?time_continue=2&amp;v=SCCfk2a2O5o&amp;feature=emb_title">released on YouTube</a>.A representative for Dalio confirmed for Business Insider that the pair met at the Forbes 100 Greatest Business Minds Summit. "I'm thankful that my last name ends in a C and yours ends in a D, because that's how we met," Diddy told Dalio in the video. "I was in front of you when we went to take the big picture." Diddy asked Dalio a few key questions based on Dalio's best-selling book "<a href="https://go.skimresources.com/?id=35871X943606&amp;isjs=1&amp;jv=13.25.1-stackpath&amp;sref=https%3A%2F%2Fwww.businessinsider.com%2Fbridgewater-ray-dalio-personal-app-principles-2019-4&amp;url=https%3A%2F%2Fwww.amazon.com%2FPrinciples-Life-Work-Ray-Dalio%2Fdp%2F1501124021%2Fref%3Dtmm_hrd_swatch_0%3F_encoding%3DUTF8%26qid%3D%26sr%3D%26dpID%3D41FTdFjrceL%26preST%3D_SY291_BO1%2C204%2C203%2C200_QL40_%26dpSrc%3Ddetail%26tag%3Dbisafetynet2-20&amp;xguid=01DQ0GXKT6QCHCRGMDVMMM9F7A&amp;xs=1&amp;xtz=300&amp;xuuid=f1e7fc28d821780831634d98b8f61e6c">Principles</a>," which outlines the Bridgewater founder's integral success ideas. Dalio even released <a href="https://www.businessinsider.com/bridgewater-ray-dalio-personal-app-principles-2019-4">a free app</a> based on the book. Diddy sought Dalio's mentorship "to help take his great success to another level," <a href="https://twitter.com/RayDalio/status/1204445640937418752">according to Dalio</a>.Here's what Dalio candidly told Diddy he had to do to make this happen.<h2>Ask: Am I harvesting the best?</h2>In defining radical transparency, Dalio advised Diddy to be open-minded, yet assertive at the same time."Don't give up your assertiveness, but be curious," Dalio said. "Am I harvesting the best?"This involves the ability to hear other peoples' ideas (harvest them, if you will), and then place them through the rigorous filter of your own mind. Dalio says the biggest problem people have is that they become so tied or blocked by their own opinions that they can't take in those of others."The worst problem, the worst tragedy of mankind, almost any individual, is that they're attached to opinions that are wrong, and they don't want them to be stress-tested," Dalio said.Radical transparency means going to the brightest minds with what you know and asking them to stress test your beliefs so that you can move forward with some level of confidence.Dalio told Diddy that this was important for him to move to the next level in his career."The key is to find out what you're not good at," Dalio said, adding, "then you get the people who are good at those things, and then you get the great leverage, right?" <h2>Finding the right people</h2>Diddy brought up the point that in searching for talent, some people interview well, but actually lack the essential qualities needed to do the job. He asked Dalio how to find the right people.Dalio uses personality profile testing, background checks, and resumes to filter through candidates, but the key process is what he calls "reverse-360." This involves finding out about the candidate from everybody who knew them in the past.Then, within the specs sheet, the focus shouldn't just be on skills, according to Dalio - in fact, he identifies it as the least important thing. The other two qualities that take precedence are values and abilities. "First, what are their values?" Dalio said. "If you're not values-aligned, you're gonna have a problem. How are you going to be with each other?"Then comes differentiating by the abilities that people have innately, like creative thinking or dependability. "Each person has a natural ability and abilities that they've gone on to develop," Dalio said. "Those are the things that make you excel or bad at things."Last comes skills, which are learned.When the candidate comes in for the interview, they're tested, and the testing continues every day they're on the job.<h2>Getting personal</h2>Diddy brought Dalio's advice on team-building home when he got personal and shared his own situation with Dalio:Dalio told Diddy that he should "absolutely" not compromise on excellence.However, at the same time, finding the right path is about finding the right partners and having them fill in the gaps in your own skillset. Dalio told Diddy that once he found the right people, it would be a "kick," or a joy, to work with them. "Whatever you want in your life, you have to ask, 'Who's going to be capable of giving it to me?'" Dalio said.The mindset transition should be from that of player to captain - and the leader doesn't have to do everything themselves. "That right there is the definition of a mentor-mentee relationship for me," Diddy said, responding to Dalio's advice. "I have my marching order, I know what to do with that."<h3> </h3> <h3>NOW WATCH: <a href="https://www.businessinsider.com/deepak-chopra-how-to-unleash-your-happiness-creativity-productivity-2019-11">Deepak Chopra explains how to unlock your natural happiness, creativity and productivity</a></h3>

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Voltas records an unprecedented triple-digit growth in April '22

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12 key highlights from India’s new National Digital Communications Policy

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Amazon made an important investment in Seattle, and it highlights a key issue for HQ2

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'India first is the only religion of govt and Constitution is its only scripture': Key highlights from PM Modi's speech in Parliament

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