possible to analyze the Satyam case under two main different perspectives. The first addresses the conditions that made possible‚ and eventually stimulated‚ the existence of the accounting fraud perpetrated from the company top management. The second one is about the issue of gaps in the company’s control framework‚ which failed miserably in identify and properly address the problems in company financial statements. Analyzing the first aspect listed above‚ seems that Satyam scandal originated‚ in
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A Report On Seminar on Contemporary Issues Titled “------------------- (Title of the Seminar Project) -----------------------” Submitted in partial fulfillment for the Award of degree of Master of Business Administration (MBA) Submitted By Submitted To Name of Student ------------- Dr. Manish
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Issues December 16‚ 2008: Satyam board approved a 51% stake acquisition of Maytas Infra‚ a listed company in the Bombay Stock Exchange for US$1.3 billion and 100% stake in unlisted firm Maytas Properties for US$300 million. Both of these firms were in the construction and real estate business and Satyam’s chairman‚ Ramalinga Raju family held a 36% stake in Mayta’s Infra and 35% stake in Maytas Properties. Implication: The deal was seen as a way of diverting cash from Satyam’s shareholder to Satyam’s
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Hardraada (King of Norway) and William the Conqueror (Duke of Normandy). In the following piece of writing‚ I will explain why William Duke of Normandy won the Battle of Hastings and how he managed to become King of England. One of the first major reasons behind William’s victory in the Battle of Hastings was because he was much better
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The main ideas of the topic are Islam progress and sciences; Islam is the reason behind western development. The question is was Islam ever progressed and was it the reason behind the western development? We all know that the Islamic civilization had a huge contribution towards modern science but as mentioned by al Afghani the Christian society is more progressed than the Muslim society and that was not always the case. [1] So why does the Muslim world lack in science and progress in these ages
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Address the reasons of success behind Sparta’s reign. When speaking of Ancient Greek warriors for many the ideal and mental illustration of red cloaks‚ long hair‚ longer spears and bronze helmets sparks to mind. Based through the entertainment factors of Hollywood and archaeology many individuals know the brilliance of the warrior society of no other than Sparta. (2nd SLIDE TURN) We can see here the representation of the stereotypical ideal of a Spartan. But what grants this nation this profound
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The Reasons behind the Recent Success of Superhero Movies The superhero movie genre has made an outstanding comeback in recent years. Moviegoers eagerly await the next installment of their favorite superhero franchise as new superhero movies are being produced introducing characters never before seen in movie theaters with no end in sight. The popularity of these movies goes beyond the spectacular special effects and costumes. The popularity of the superhero movie in today’s culture satisfies a
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The 2G spectrum scam in India involved the issue of 1232 licenses by the ruling Congress-led UPA alliance[1] of the 2G spectrum to 85 companies[1] including many new telecom companies with little or no experience in the telecom sector at a price set in the year 2001. The scam involved allegations regarding the under pricing of the 2G spectrum by the Department of Telecommunications which resulted in a heavy loss to the exchequer‚ and the illegal manipulation of the spectrum allocation process to
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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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Harshad Mehta Scandal Harshad Mehta was an Indian stockbroker caught in a scandal beginning in 1992. He died of a massive heart attack in 2001‚ while the legal issues were still being litigated. Early life Harshad Shantilal Mehta was born in a Gujarati jain family of modest means. His father was a small businessman. His mother’s name was Rasilaben Mehta. His early childhood was spent in the industrial city of Bombay. Due to indifferent health of Harshad’s father in the humid environs of Bombay‚
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