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1st round was technical and 2nd round was just a conversational interview with the partner.
Seconded. The second round is only a formality - the first stage is when you could be rejected. It could take ages for the HR to confirm after either round.
No. Only those who were approved in the first round make it to the second round. It's guaranteed that you will get a PPO at this stage. You should hear back within a week.
After the 2nd round of interview, when can one expect the PPO offer or a line of communication from HR?
Do they reject the candidate after the 2nd round?