Write about the Pic.
Point to Remember:
- Time Duration for this round is 15 minutes.
- Write a story that you percept from the picture given, In not more than 200 words(1,200 characters max including spaces).
- Interpret the given image in such a way that you can come up with a short story based on it.
- Use simple words, avoid grammatical mistakes and portray your thoughts clearly.
- Don't repeat your views just so as to fill up the word limit.
- Put your thought within the word limit, else this will show a lack of management.
- Don't keep the story short as this portrays a lack of creativity to the recruiter.
- The best part is there's no cut-off in this round, so making the story meaningful is important.
- In this round candidate's literary skill are tested.
- In TechM, Picture will remain on the screen only for around 10 to 15 seconds.
Deep
11 Aug, 2019 4:16 AM
This picture represents one of the
major scams of IT industry which was the fraud at Satyam. The journalists
outside the Satyam state that they are waiting to expose the scam which was
carried out by the Managing Director of Satyam who was Ramalinga Raju. The
manipulation was so terrific that it doomed the 4th largest IT company in
India. Due to aggressive buying of properties Raju started having lack of
funds. Therefore, to generate more funds he began manipulating the financial
statements of his company-- Satyam Computers. For instance, If Satyam had the
actual profit of Rs70 crores then in financial statements Raju used to show the
profit of Rs700 crores so as to show that Satyam is growing very rapidly.
This was one big hit for all the IT industries and even
the foreign investors started doubting the credibility of the Indian IT firms.
The situation was stabilized when another massive tech giant, Tech Mahindra
purchased 51% of Satyam’s share and named it Mahindra Satyam in 2009. However,
the entire team merged with TechMahindra losing its original identity in 2013.
This is one of the biggest fiasco faced by any Indian firm. Raju admiited in
front of SEBI that he also routed the funds illegally and was also responsible
for money laundering. After all this, the share prices of Satyam drastically
fell from Rs.170 to Rs.6.50 marking the
biggest ever seen.
Unlike living upto its name ‘Satyam’ which means truth,
the company unfolded a true case of multiple frauds. Even today, this is
studied under various case study to know the havoc this company caused and how
it manipulated the entire economy. The press and journalists highlighted all the
fake transactions of the firm and they published the case study wherein they
exposed even a small step by Raju which brought him to rags from his riches.
Show Full Picture Perception
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Deep
11 Aug, 2019 4:16 AM
This picture represents one of the
major scams of IT industry which was the fraud at Satyam. The journalists
outside the Satyam state that they are waiting to expose the scam which was
carried out by the Managing Director of Satyam who was Ramalinga Raju. The
manipulation was so terrific that it doomed the 4th largest IT company in
India. Due to aggressive buying of properties Raju started having lack of
funds. Therefore, to generate more funds he began manipulating the financial
statements of his company-- Satyam Computers. For instance, If Satyam had the
actual profit of Rs70 crores then in financial statements Raju used to show the
profit of Rs700 crores so as to show that Satyam is growing very rapidly.
This was one big hit for all the IT industries and even
the foreign investors started doubting the credibility of the Indian IT firms.
The situation was stabilized when another massive tech giant, Tech Mahindra
purchased 51% of Satyam’s share and named it Mahindra Satyam in 2009. However,
the entire team merged with TechMahindra losing its original identity in 2013.
This is one of the biggest fiasco faced by any Indian firm. Raju admiited in
front of SEBI that he also routed the funds illegally and was also responsible
for money laundering. After all this, the share prices of Satyam drastically
fell from Rs.170 to Rs.6.50 marking the
biggest ever seen.
Unlike living upto its name ‘Satyam’ which means truth,
the company unfolded a true case of multiple frauds. Even today, this is
studied under various case study to know the havoc this company caused and how
it manipulated the entire economy. The press and journalists highlighted all the
fake transactions of the firm and they published the case study wherein they
exposed even a small step by Raju which brought him to rags from his riches.
Show Full Picture Perception
Loading