Showing posts with label Mahindra Satyam. Show all posts
Showing posts with label Mahindra Satyam. Show all posts

Tuesday, August 30, 2011

Ad of the Day: Mahindra Harmony Korine brings India to its feet in anthem spot for conglomerate By Tim Nudd!


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adweek.com / August 29 2011.



Brand anthems. They're so inspiring. So heartwarming. So . . . vague.

Indie filmmaker Harmony Korine and cinematographer Anthony Dod Mantle (an Oscar winner for Slumdog Millionaire), working on behalf of New York agency StrawberryFrog, crafted this grand but ultimately somewhat empty 60-second anthem for Mahindra, the Indian multinational conglomerate that's involved in everything from automotive to agriculture. It must have been one of the easiest jobs Korine's ever done. The theme is "Rise." So, the spot shows people across India—schoolchildren, musicians, boxers, activists, factory workers, etc.—rising from a sitting position to assert their independence, spirit, ambition (insert your own inspirational, life-affirming word here). There's also some gratuitous footage from the Egyptian uprising thrown in. Slow motion always makes these things feel more epic, so Korine shot this one at 1,000 frames per second on a Phantom camera (which we last saw used for that Australian music-festival promo, which at least was more interesting to look at). "There are those who accept things as they are. And those who rise to change," says the onscreen copy at the end, which is also impressively indistinct and perfectly anthemic.

There's an associated contest, wherein people are encouraged to "spark the rise" by sending in ideas for how to make Indian society better—a Pepsi Refresh Project-type initiative designed to give the large, faceless Mahindra more of a human touch. Each month, eight winning "sparks" will receive financial grants from Mahindra—five chosen by public vote and three by a jury. The best of the best will later receive further funding.


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Monday, August 22, 2011

Mahindra Satyam gets Rs 2,114 cr tax demand from IT Department!


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Press Trust Of India / ibnlive.in.com / Updated Aug 22, 2011 at 11:07pm IST.


Mumbai: The Income Tax Department has slapped a tax demand of Rs 2,114 crore on IT firm Mahindra Satyam (erstwhile Satyam Computer Services), after disallowing exemptions claimed by the company.

"The company has received draft notices of demand for Rs 1,037.69 crore and Rs 1,075.73 crore for assessment years 2002-03 and 2007-08, respectively," Mahindra Satyam said in a filing to the Bombay Stock Exchange.


A senior official of the company said that they are yet to receive the notice and may approach the I-T tribunal for justice.

"This is only a draft assessment order. We will respond once we receive the tax notice. We may approach the Tribunal. The tax was levied on fictitious income. It is not justified. Even the government is aware that the income was fictitious during that period," the official said.

Tech Mahindra had acquired Satyam Computer after a multi-crore accounting fraud in the company came to light in January 2009. After acquisition, the company was re-branded as Mahindra Satyam.

Mahindra Satyam has been seeking return or adjustment of taxes paid on inflated income when disgraced founder Ramalinga Raju was the chairman of the IT Company.


The company has argued that the tax payments were made on account of alleged fudged records shown by the company.



   
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