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Author: Kingshuk Nag
Publisher: Harper Collins
ISBN: 9350292564
Category : Biography & Autobiography
Languages : en
Pages : 147
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Book Description
How an IT czar ran a $ 2 billion company to the ground .The story of the rise and fall of Ramalinga Raju, promoter of the blue-chip software company Satyam, has no parallel in Indian corporate history. He created a $ 2 billion company in a short period of time, only to leave it penniless. At the heart of the scandal lay the IT barons craving for land (his familys traditional business). To satisfy it, Raju pawned his shareholding in Satyam as well as in his real estate company, Maytas Infra, and allegedly siphoned off funds from both companies. In an elaborate cover-up, Raju also fudged Satyams books to inflate its revenues and profits, to increase the value of its shares. Raju was able to do this for eight years-until the recession hit in 2008 and the bubble blew in his face.Having come into the IT industry by accident-he was not a technology professional himself-Raju became the toast of Hyderabad as he built a company spread across sixty-six countries in five continents. Close to the powerful and the rich, Raju also created a parallel real estate empire, going on to successfully bid for the Hyderabad metro rail project, the one act that brought his house of cards crashing down.How did Raju amass his IT and real estate empires? How could he hoodwink the law, the shareholders, and his employees for so long? This unputdownable fly-on-the-wall narrative, written with incisive depth by Kingshuk Nag, resident editor of the Hyderabad edition of The Times of India, captures the dramatic story of Rajus life.
Author: Kingshuk Nag
Publisher: Harper Collins
ISBN: 9350292564
Category : Biography & Autobiography
Languages : en
Pages : 147
Get Book Here
Book Description
How an IT czar ran a $ 2 billion company to the ground .The story of the rise and fall of Ramalinga Raju, promoter of the blue-chip software company Satyam, has no parallel in Indian corporate history. He created a $ 2 billion company in a short period of time, only to leave it penniless. At the heart of the scandal lay the IT barons craving for land (his familys traditional business). To satisfy it, Raju pawned his shareholding in Satyam as well as in his real estate company, Maytas Infra, and allegedly siphoned off funds from both companies. In an elaborate cover-up, Raju also fudged Satyams books to inflate its revenues and profits, to increase the value of its shares. Raju was able to do this for eight years-until the recession hit in 2008 and the bubble blew in his face.Having come into the IT industry by accident-he was not a technology professional himself-Raju became the toast of Hyderabad as he built a company spread across sixty-six countries in five continents. Close to the powerful and the rich, Raju also created a parallel real estate empire, going on to successfully bid for the Hyderabad metro rail project, the one act that brought his house of cards crashing down.How did Raju amass his IT and real estate empires? How could he hoodwink the law, the shareholders, and his employees for so long? This unputdownable fly-on-the-wall narrative, written with incisive depth by Kingshuk Nag, resident editor of the Hyderabad edition of The Times of India, captures the dramatic story of Rajus life.
Author: Kingshuk Nag
Publisher: Harper Collins
ISBN: 9350292564
Category : Biography & Autobiography
Languages : en
Pages : 196
Get Book Here
Book Description
How an IT czar ran a $ 2 billion company to the ground .The story of the rise and fall of Ramalinga Raju, promoter of the blue-chip software company Satyam, has no parallel in Indian corporate history. He created a $ 2 billion company in a short period of time, only to leave it penniless. At the heart of the scandal lay the IT barons craving for land (his familys traditional business). To satisfy it, Raju pawned his shareholding in Satyam as well as in his real estate company, Maytas Infra, and allegedly siphoned off funds from both companies. In an elaborate cover-up, Raju also fudged Satyams books to inflate its revenues and profits, to increase the value of its shares. Raju was able to do this for eight years-until the recession hit in 2008 and the bubble blew in his face.Having come into the IT industry by accident-he was not a technology professional himself-Raju became the toast of Hyderabad as he built a company spread across sixty-six countries in five continents. Close to the powerful and the rich, Raju also created a parallel real estate empire, going on to successfully bid for the Hyderabad metro rail project, the one act that brought his house of cards crashing down.How did Raju amass his IT and real estate empires? How could he hoodwink the law, the shareholders, and his employees for so long? This unputdownable fly-on-the-wall narrative, written with incisive depth by Kingshuk Nag, resident editor of the Hyderabad edition of The Times of India, captures the dramatic story of Rajus life.
Author: Zafar Anjum
Publisher: Random House India
ISBN: 8184003404
Category : Business & Economics
Languages : en
Pages : 151
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Book Description
All hell broke loose with a simple confession from Ramalinga Raju—founder and chairman of Satyam Computers, the fourth largest IT company in India with over 50,000 employees and business in more than 66 countries. His admission in 2009 of cooking the books to show exaggerated profits combined with the diving economy rocked India Inc and forced it to look inwards. With robust research, interviews, and stories—Zafar Anjum tracks the chronicle from Raju’s confession and Satyam free-falling, to the phoenix’s rise as Mahindra Satyam. This is a tale of betrayal and devastation, but more importantly of hope and resurrection. With an afterword by Anand Mahindra, chairman and managing director of Mahindra Group, The Resurgence of Satyam is the definitive book that will answer all that you wanted to know about the Satyam saga.
Author: Bhupesh Bhandari
Publisher: Business Standard Books
ISBN: 8190573578
Category : Accounting fraud
Languages : en
Pages : 200
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Book Description
On Satyam Computer Services scam-- Source other than Library of Congress.
Author: Jack Trout
Publisher: McGraw Hill Professional
ISBN: 0071637109
Category : Business & Economics
Languages : en
Pages : 225
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Book Description
The book that completes Positioning . . . Thirty years ago, Jack Trout and Al Ries publishedtheir classic bestseller, Positioning: The Battle for YourMind—a book that revolutionized the world of marketing.But times have changed. Competition is fiercer.Consumers are savvier. Communications are faster. Andonce-successful companies are in crisis mode. Repositioning shows you how to adapt, compete—andsucceed—in today’s overcrowded marketplace. Globalmarketing expert Jack Trout has retooled his mosteffective positioning strategies—providing a must-havearsenal of proven marketing techniques specificallyredesigned for our current climate. With Repositioning,you can conquer the “3 Cs” of business: Competition,Change, and Crisis . . . BEAT THE COMPETITION: Challenge your rivals,differentiate your product, increase your value,and stand out in the crowd. CHANGE WITH THE TIMES: Use the latesttechnologies, communications, and multimediaresources to connect with your consumers. MANAGE A CRISIS: Cope with everything fromprofi t losses and rising costs to bad pressand PR nightmares. Even if your company is doing well, these cutting-edgemarketing observations can keep you on top of your gameand ahead of the pack. You’ll discover how expandingproduct lines may decrease your overall sales, why newbrand names often outsell established brands, and whyslashing prices is usually a bad idea. You’ll learn thedangers of attacking your competitors head-on—andthe value of emphasizing value. You’ll see how consumerscan have too many choices to pick from—and whatyou can do to make them pick your brand. Drawing from the latest research studies, consumer statistics,and business-news headlines, Trout reveals thehidden psychological motives that drive today’s market.Understanding the mindset of your consumers is halfthe battle. Winning in today’s world is often a matter ofrepositioning. It’s how you rethink the strategies you’vealways relied on. It’s how you regain the success you’veworked so hard for. It’s how you win the new battle ofthe mind.
Author: K Giriprakash
Publisher: Penguin UK
ISBN: 9351186229
Category : Biography & Autobiography
Languages : en
Pages : 153
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Book Description
The Vijay Mallya Story is an extraordinarily detailed and lively chronicle of the life of one of India’s most celebrated and reviled businessmen—Vijay Mallya. His extraordinary career spans three decades and is spread across multiple industries. The book covers Mallya’s childhood, his relationship with his father and his inherent deal making abilities. It tracks his meteoric rise with Kingfisher and how the airline led to his downfall. K. Giriprakash has closely followed Vijay Mallya’s career over the last two decades which gives him a unique vantage point to draw an extraordinary portrait of a man whom everyone is fascinated by but not many know.
Author: Smarak Swain
Publisher: Bloomsbury Publishing
ISBN: 938986724X
Category : Business & Economics
Languages : en
Pages : 262
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Book Description
How do tax havens and syndicates running shell companies help fraudsters escape the long arm of the law? How does the ambiguity of valuation in the start-up ecosystem increase its vulnerability to corporate fraud? How are manufacturers and exporters from China exploiting India's Free Trade Area (FTA) with other countries to dump goods at artificially low prices in the Indian market? What challenges does the Belt and Road Initiative (BRI) of China pose for regulators of India? Why do people fall for Ponzi and pyramid schemes again and again? Serious frauds affect society and economy in damaging ways, belittling the common man's trust in the system. Yet, barely do we understand how these affect our lives. A first-of-its-kind, The Great Indian Fraud reveals how all such frauds result from the manipulation of complex financial transactions, involving simple mathematics and tricks, to deceive regulators, enforcers, business partners and customers. Drawing on his experience in the fields of forensic audit and financial investigation, author Smarak Swain explains the modus operandi behind some of the most notorious cases of fraud-Haridas Mundhra, Jayanti Dharma Teja, Harshad Mehta, Ketan Parekh, Hasan Ali Khan, B. Ramalinga Raju, Nirav Modi, Vijay Mallya, Nirmal Singh Bhangoo and many more-narrating the rise and fall of the greatest fraudsters of our times. Informative and skilfully narrated, The Great Indian Fraud is a must-read to understand how frauds happen, how law enforcement agencies handle crises, the sectors that witness maximum frauds as well as the emerging sectors that are at high risk.
Author: David Freemantle
Publisher:
ISBN: 9781857882063
Category : Consumers
Languages : en
Pages : 0
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Book Description
This new and iconoclastic book explodes the conventional wisdom that competitive advantage can be obtained by relying on systems for dealing with customers.
Author: Nuttawuth Muenjohn
Publisher: Springer
ISBN: 1137579404
Category : Business & Economics
Languages : en
Pages : 613
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Book Description
This handbook provides a comprehensive overview and evaluation of the variety of organizational leadership issues within the Asian region. It highlights the relationship between leaders and their followers, and the complexity of leadership research and practices in Asian transformational economies. Covering a wide range of contexts and perspectives, the chapters are based on empirical studies with evidence-based findings that can be used as case studies for academics and practitioners. The handbook makes significant contributions to leadership theory including practice and assists international researchers, practitioners and students in understanding the influence of the Asian culture and its impact on leadership.
Author: Kingshuk Nag
Publisher: HarperCollins
ISBN: 9352642880
Category : Social Science
Languages : en
Pages : 240
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Book Description
He was once the King of Good Times - known for his opulent lifestyle, calendar shoots with bikini-clad models, high stakes in an IPL team, and an airline that was the last word in luxury. But the global downturn in aviation and the rising fuel prices worsened Kingfisher's financial ill health. The several thousands of crores loaned to it by a consortium of banks proved insufficient to arrest the slide in its fortunes. By early 2013, the high-flying airline shut shop and closed the doors on disgruntled employees and investors - none of which, though, made any dent in Mallya's own lifestyle as he had pilfered cash from the company and stashed it abroad. Facing charges of money laundering, misappropriation and being a wilful defaulter, Mallya left the country in 2016 for his country estate near London. Kingfizzer: The Mallya Story is the tale of how the king lost his cheer and high spirits, to be remembered for one of the biggest corporate collapses of our time.
