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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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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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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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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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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Kate (aka Puck) Connolly and Sean Kendrick live on an island famous for The Scorpio Races. Every November people from everywhere gather at Thisby for the event. The Scorpio Races is famous because of the horses that race against each other: they’re capaill uisce‚ dangerous horses that come from the sea. They eat flesh and the race is so brutal that pretty much every year someone dies during it. The capaill uisce are interesting creatures‚ they are drawn to the sea‚ but not everyone understands them
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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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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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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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LEADERSHIP ANALYSIS - RAMALING RAJU by SANTHOSH PARK SCHOOL OF BUSINESS EXCELLENCE BIOGRAPHY RISE AND FALL OF RAMALINGA RAJU Ramalinga Raju is one of the pioneers of the Information Technology industry in India. He is the founder and Chairman of Satyam Computer Services Ltd. Ramalinga Raju was born on September 16‚ 1954 in a family of farmers. Ramalinga Raju‚ married to Nandini‚ has two sons and a daughter. His sons Teja B. Raju and Rama B. Raju are running Maytas Infrastructure and Maytas
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