Introduction to Satyam Computers Limited Satyam computers limited established as a private limited company by two brothers B. Rama Raju and B. Ramalinga Raju in 1987. It was converted to a public limited company in August 1991. By 2008‚ Satyam was established as a fourth largest Indian IT Company in India and US. It had grown upto 53000 employees‚ 600 plus customers including 185 fortune 500 companies. The company had annual revenues over $2 billion. The company was operated in more than 66 countries
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Ethics Case Satyam Computer Services – The Enron of India Founded in 1987‚ Satyam Computer Services Ltd. was founded by B. Ramalinga Raju. Operating globally in 66 countries‚ Satyam had a growth of 53‚000 employees from just 200 employees. By 2009‚ it was India’s fourth largest information technology company. Services included customer service and outsourcing of accounting and finance. 185 companies of those listed‚ as the Fortune 500 including Nestle‚ General Motors and General Electric were
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Internship Project Report On “Credit Appraisal Process of Mahindra Finance” Submitted By Debi Prasad Patra Regn. No. : 1201247159 Batch : 2012-2014 For the Partial Fulfillment of Post Graduate Diploma in Management‚ under Regional College of Management (Autonomous)‚ Approved by AICTE. Under the Guidance of External Guide Internal Guide Mr. Kalyan Dash Prof. R. K. Mishra Associate HR Asst. Professor Mahindra Finance‚ Bhubaneswar Finance and Accounts‚ RCM(A) REGIONAL
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scandalised when the chairman of Satyam‚ Ramalinga Raju resigned on 7 January 2009 and confessed that he had manipulated the accounts by US$1.47-Billion. Contents [hide] 1 Role of Auditors 2 Aftermath 3 New CEO and special advisors 4 Acquisition by Mahindra Group 5 See also 6 References 7 External links Role of Auditors[edit source | editbeta] PricewaterhouseCoopers was the statutory auditor of Satyam Computer Services when the report of scandal in the account books of Satyam Computer Services
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Contents PART I 3 Mahindra and Mahindra 3 Brief history of M&M tractors 3 History of alliances and acquisitions which helped them in the tractor space 4 Why did they go in for Ssangyong 4 Technology benefits which Ssangyong possesses 4 Mahindra’s experience of the acquisition 5 How Mahindra handled the situation 5 Successes of the acquisition 5 PART II 7 TATA MOTORS 7 Brief history of Tata Motors 7 Why did they go in for JLR deal? 8 But Why Acquisitions? 8 Technology
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CASE STUDY OF ANY COMPANY DOING FRAUDULENT ACTIVITY AND ITS FURTHER PROCEEDINGS SUBMITTED BY: Radha Gupta FPG/1113/023 COMPANY BACKGROUND:- Mahindra Satyam (formerly Satyam Computer Services) is an Indian IT services company based in Hyderabad‚ India. It was founded in 1987 by B Ramalinga Raju. Mahindra Satyam is a part of the Mahindra Group which is one of the top 10 industrial firms based in India. The company offers consulting and information technology (IT) services spanning various
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Satyam Story: Many Lessons to be Learnt Ramalingam Raju along with 2 other accused of the scandal‚ were granted bail from Supreme court on 4 November 2011 as the investigation agency CBI failed to file the chargesheet even after more than 33 months of Raju being arrested. Raju had appointed a task force to address the Maytas situation in the last few days before revealing the news of the accounting fraud. After the scandal broke‚ the then-board members elected Ram Mynampati to be Satyam’s interim
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OlaCabs is an online cab aggregator based out of Mumbai and among the fastest growing taxi hiring firms in India. Taxi booking facility can be availed through app‚ website or through calls. Olacabs provides different types of cab service ranging from economic to luxury travel. The cabs can be reserved through a web browser or a mobile app. This cab service supports both cash and cashless payment options with Ola money. It claims to clock an average of more than 150‚000 bookings per day and commands
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Ramalinga Raju ’s shock resignation on 7 January 2009 in Hyderabad‚ India as chairman of Satyam Computer Services blew the Indian economy in general and its information technology sector in particular when he confessed fraud running into millions of dollars in a letter he wrote to the company’s board of directors (Ramachandran‚ 2009). This report is going to focus on‚ an overview of the events that happened in Satyam‚ its consequences on Satyam’s stakeholders‚ the auditors involved and their role
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as Directed‚ Motivate. ------------------------------------------------- Anand Mahindra Name | Anand Mahindra | Born on | May 1‚ 1955 | Place of Birth | Mumbai‚ Maharashtra | Educated from | Harvard University‚ Cambridge | Works for | Mahindra & Mahindra | Valued at | US $ 11.1 billion (M&M) | Position | Chairman and Managing Director | Married to | Anuradha Mahindra | Mother | Indira Mahindra | Career * In 1981‚ he returned back home to India‚ and joined the
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