In early 2009 the chairman of Satyam Computer Services admitted publicly to a fraud taking place in the company. Satyam reported in the financial statements billions of dollars in profits and cash assets that never existed. The public auditor’s responsible for auditing the financial statements of Satyam Computer Services at the time was PW India‚ an affiliate of Pricewaterhouse Coopers. The Securities and Exchange Commission determined that Satyam was able to commit the financial statement fraud
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CORPORATE ACCOUNTING SCANDAL AT SATYAM COMPUTER SERVICES LIMITED BACKGROUND Ironically‚ Satyam means “truth” in the ancient Indian language “Sanskrit” (Basilico et al.‚ 2012). Satyam won the “Golden Peacock Award” for the best-governed company in 2007 and in 2009. From being India’s IT “crown jewel” and the country’s “fourth largest” company with high- profile customers‚ the outsourcing firm Satyam Computers has become embroiled in the nation’s biggest corporate scam in living memory (Ahmad
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ASSIGNMENT ON MARKETING Submitted by J.Rees 09BA128 MBA ³C´ About Mahindra & Mahindra Type Founded Headquarters Key people Public Company 1945 Mumbai‚ India Keshub Mahindra (Chairman)‚ Anand Mahindra (Vice-Chairman & Managing Director) Industry Revenue US$ Employees Website Automotive‚Farm Equipment 10 billion (2009 H1). 16‚000 plus Mahindra.com Mahindra & Mahindra Limited is part of the Mahindra Group‚ an automotive‚ farm equipment‚ financial services‚ trade and logistics‚ automotive
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FAILURE OF LOGAN IN INDIA By Pallavi Gupta Contents * The JV between Mahindra and Renault * Synergies aspired to achieve * What went wrong * Reasons for failure * JV between Mahindra and Renault breaks * Lessons learned from the past * Corrections taken * Current situation JV BETWEEN MAHINDRA AND RENAULT * A 51:49 JV between M+M And Renault in 2005 * Formed Mahindra Renault Private Limited * The JV was materialized in order to manufacture and sell
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Whistleblower Policy HR-PO718‚ | 1.1 Sharda Centre‚ Off Karve Road‚ Erandwane‚ Pune‚ Maharashtra‚ India 411004 www.techmahindra.com Copyright © 2013‚ Tech Mahindra. All rights reserved. WHISTLEBLOWER POLICY Company-Confidential Table of Contents 1. OBJECTIVE .................................................................................................................................. 3 2. SCOPE .........................................................................................
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STATEMENT OF PURPOSE There has never been a moment in my life when the wonders of engineering have not fascinated me‚ and this is largely responsible for the career that I have decided to pursue‚ and since I have doctors for parents‚ many would traditionally claim that the ’odds’ stacked up against me. Right from my early childhood‚ I had a keen interest in Technology and Inventions. I distinctly remember my 6th birthday present- a set of VISUAL ENCYCLOPEDIAS. I made it a point to read one section
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blue collared and entry level job seekers to connect mainstream employers anywhere in India via mobile in their own language in an affordable manner. Saral Rozgar is an inclusive and flexible innovation incubated at the mobility division of Tech Mahindra and is now a part of the Growth Factories. As per CII only 14% of the 500 million Indian workforce accounts for the formal sector and the remaining 86% are part of the unorganized sector. Nearly 12 million people join the workforce every year. Over
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IBS Hyderabad | Mahindra & Mahindra’s Global Diversification Strategies | A Business Strategy Case Study | | Group-9: | Het MavaniHarshit ShethJuhi KashyapJayeeta DuttaHemanta PoudyalHeena GoelKanishk Sharma | 12-Aug-13 | This document is a synopsis of the full case study. | Table of Contents 1. ABSTRACT 4 2. INDUSTRY ANALYSIS 5 GDP and the automotive industry 5 PESTEL framework of Indian automobile industry: 5 a) POLITICAL FACTORS 6 b) ECONOMIC FACTORS 6
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Project At ANAND MAHINDRA Submitted by‚ Vaishali Nandwani (3057) Under the guidance of Ms. Nairuti Chokas ANAND MAHINDRA INTRODUCTION Mr. Anand Mahindra is the Chairman and Managing Director of Mahindra & Mahindra‚ India largest automobile company. Mahindra & Mahindra Limited is an India-based company. The Company spread to: Automotive Sector Farm Equipment Trade Retail & Finance Infrastructure Information Technology Speciality Business JOURNEY Anand Mahindra Born on 1st May
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MAHINDRA & MAHINDRA IN SOUTH AFRICA BACKGROUND AND INTRODUCTION Mahindra and Mahindra is a leading multinational automotive manufacturer headquartered in Mumbai‚ India which started as a steel trading company in 1945 by two brothers J.C Mahindra and K.C Mahindra. M&M has a labour force of 13000 and in 2001 profit before tax was 45 billion rupees. Currently the company has also extended its operations to small turbo prop aircraft and has a presence in the transportation media across land
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