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A number of holding companies say they will not enter the awards, while others have yet to decide.
'The last 12 months have been a tough fight for transformation, but without a doubt a necessary one,' holding company chief said.
Moves from 82.5 where he was the creative head, North India
Asia-Pacific deal-making slumps as companies look inward, reveals R3 Worldwide study.
'I didn't dare to ask for any additional help,' CEO says.
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