Spandan 2015 – 3rd HR Conclave of IIM Udaipur

Indian Institute of Management, Udaipur will be hosting the third edition of its annual HR Conclave: Spandan 2015 on 20th June, 2015. It is being organized by the HR club of the institute – dHRuva. The conclave aims to be a platform for global HR leaders to share their expertise and experiences in the ever-changing fields.

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The umbrella theme of the conclave, Connect will focus on deliberating the ever evolving roles and responsibilities of the HR function and discuss how connecting it with the mainstream functions is the need of the hour for successful and strategic functioning of the organizations.

As part of the event, there would be two panels. The first panel would have a discussion on ‘How to connect creativity with profession’ and the role of HR in fostering innovation in organizations. The second panel discussion would be on connecting to mainstream and the role of HR as a strategic partner in businesses.

As a part of the first panel, the esteemed guest who would be joining us are:

  • Mr. Santosh Bhave : Senior VP – HR, IR, Bharat Forge
  • Mr. Harjeet Khanduja: Vice President, Human Resources, Reliance Jio

As a part of the second panel, the esteemed guest who would be joining us are:

  • Mr. Ashish Tanwar: University Relations Manager,Dell India
  • Ms. Kavita Kurup: Head – Learning & Organizational Development, Axis Bank
  • Mr. Ashutosh Tipnis: Head – HR (West and South), Hindustan Times
  • Ms. Meenaa Sharma, Chief Human Resource Officer, Reliance Money

The event will start at 2:00 p.m. in the afternoon and will end at 6:05 p.m.

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IIM Udaipur’s Supply Chain Summit 2015

SKEIN, the Supply Chain and Operations Club of IIM Udaipur in association with State Bank of India is pleased to present the second edition of “The IIM Udaipur Supply Chain Summit“. The annual event is a platform where global leaders can share their opinions and views on supply chain through engagement in panel discussions and thus provide valuable insights to the students. This edition of the summit is scheduled at 2:00 pm on 14th February, 2015

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Living by the spirit of IIM Udaipur to be a forerunner in developing management leaders, the theme for Supply Chain Summit 2015 is:

From Apple to apple – Supply Chain Transformation

The panel discussion topics for the event are as follows:

Panel discussion 1: Make in India – How Supply Chain can help achieve the Dream

Panel discussion 2: E-Commerce in India – Competitive Advantage through Innovations in Supply Chain

Our esteemed guests for the event are:

  • Ajay Jhalani, Head Supply Chain-CHEP India Pvt. Ltd.
  • Vinal Kabra, Global Supply Manager – Apple Inc, USA
  • Chandramohan Gupta, Director Supply Chain- Coca Cola – India and SW Asia
  • Shyamal Chatterjee, Head India Operations – Tupperware
  • Hrishikesh Pore, Head Supply Chain – Tesco Hindustan Wholesaling Pvt. Ltd.
  • Navneet Rai, Co-founder – Tolexo
  • Jayant Mahto, Vice President Operations – Firstcry.com

The event is well supported by other sponsors as listed below:

Gati KWE – Associate Sponsor Zuccini- Food Partner Valley View- Hospitality Partner Udaipur Blog– Media Partner Chaudhary Offset Pvt. Ltd.- Printing Partner

Check out more details at-

Website: http://iimu.ac.in/campus/clubs-aamp-committees/supply-chain-management.html

FB page: https://www.facebook.com/SKEIN.SCM.IIMU

Mail: skein@iimu.ac.in

Arth Samvaad 2015 – The Finance Conclave of IIM Udaipur

Arth-Samvaad is the flagship event of Finomina – the Finance Club of IIM Udaipur. Continuing the success story of previous 2 editions of Arth-Samvaad, the third edition of Arth-Samvaad assures an enriching experience with immense learning through panel discussions and various inter-college competitions. In tune with previous editions, we plan to host some of the most eminent personalities from the financial domain.

Arth-Samvaad aims at the fact that, the future managers should get to know about the current trends in the industry and how the various macro and micro-economic factors interact in order to affect the way business is done all over the world. It is a platform to deliberate on developments in the world of FINANCE.

This year we look at rethinking “Decades of Financial Folly” where the Panel discussion will try to unravel the cause for this euphoria and brainstorm whether the history will repeat itself again or not!

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Events:

Slot 1: Panel Discussion

“Rethink: Decades of Financial Folly: Will it be different this time?”

Esteemed guests for the event are:

  • Dr. Harsh Vardhan, Partner – Bain & Company
  • Mr. Sriram Krishnan, Director – Citibank N.A.
  • Mr. Umesh Agrawal, Executive Director – Investment Banking, Axis Capital
  • Mr. Niraj Karia, Senior Vice-President – Kotak Mahindra Capital

Slot 2: Vitt Sangram

‘Vitt-Sangram’, is a series of competitions organized by Finomina as a pre-cursor to Arth-Samvaad 2015.

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The Great Debate Challenge

We began with two rounds of prelims for our Debate Challenge. First round required the participants to submit articles on the topics; ‘Oil break’ – short term or here to stay? And has RBI killed the Euphoria by delaying the rate-cut? The second round consisted of a 3 minute video submission on the topic “Increasing Regulations on Financial Institutions is Good”. The video was evaluated by an expert panel of faculty members. The finalists who will be battling it out in the grand finale are from IIM Lucknow, IMT-Gaziabad, NMIMS Bangalore and IIM Udaipur.

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Workshop on M&A

Finomina, as part of its flagship event, Arth-Samvaad ‘15 is organizing a case study workshop on Mergers and Acquisitions to be conducted by Mr. V.S. Sundaresan, Chief General Manager, SEBI. It is an opportunity to get the expert guidance on the Takeover process and M&A Deals along with first-hand industry insights. The participants will be awarded a ‘Certificate of Participation’ for the workshop.

Slot 3: Face Off

Face Off is a showdown between a stalwart speaker and a panel of students from the college. Mr.V.S. Sundaresan, Chief General Manager, SEBI will interact with a student panel on some interesting but contentious topics, utility of which is hugely debated when it comes to practice Vs theory.

The Quizzing Challenge

This will be a Two- Phased online quizzing challenge focused on the financial world where prizes will be awarded to the colleges that get the highest scores at the end of the challenge. Being a two-phased quiz competition, it will see only the best make it to the top and the league rankings. It will generate inter-college competition of a new dimension and will see participants from all over India.

Check out more details at-

Website: http://finomina.iimu.ac.in/arthsamvaad/arth-samvaad-15/

FB page: https://www.facebook.com/FinominaIIMU

Twitter: https://twitter.com/Finomina_IIMU

Mail: finomina@iimu.ac.in

Samvaah: IIM Udaipur’s Marketing Conclave, 2014

Samvaah– The first edition of the annual Marketing Conclave of IIM Udaipur was hosted on 15th November, 2014 at the institute.

Samvaah is a student driven initiative that was conceived and organized by MarClan- the Marketing Club of IIMU. Samvaah, in sync with its name’s translation- “Marketplace” is an initiative to bring together marketing enthusiasts from academia, the local community and industry alike, to share insights and discuss the various developments in the field of marketing.

The umbrella theme for Samvaah 2014 was “Rethink: Changing Marketing Practices with Changing Times”.

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The run-up to the event saw numerous online and on-campus competitions being held, with teams from the best B-schools across the country competing in terms of creativity, talent and marketing potential.

The event kicked off with a digital media workshop by Mr. Amit Tripathi- the CEO of Ideate Labs. The workshop began with a very intriguing statement: ‘Welcome to the funeral of digital media…’ and then went on to discuss how being digital has gone beyond just media channels like Facebook and twitter, to become all pervasive in other walks of life as well.

Mr. Tripathi left the students with two important insights: that simplicity and finding common ground between the company and the consumer are the mantra to successful marketing.

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The Sales Workshop that followed had the speakers- Mr. Martand Shukla, ASM of Pepsico and Mr. Bharat Nagori, one of the largest distributors in Udaipur, emphasize that profitability and availability were the major requirements of  a good sales campaign, while reiterating the importance of considering sentiment and market  experience while designing a sales and distribution strategy.

The next session included the finals of Juxtapose-a brand extension competition which saw students from IIM Indore (Mumbai Campus), SPJIMR and two teams from IIM Udaipur, do their best to impress the judges with the innovativeness and clarity of their ideas, with team WarClan of IIM Udaipur eventually winning the first prize. The judges also shared very unique insights on proper segmenting and positioning of the product, with the audience.

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The post lunch session began with an address by Prof. Janat Shah-Director, IIM Udaipur. Prof. Shah laid emphasis on the three main focus areas of IIMU, namely research, transformation through the MBA program and integration with the local community, all of which were the driving factors behind the organization of Samvaah.

The event had two panel discussions whose sub themes and speakers were as follows:

Panel 1: Rethink Services Marketing- How is it different in today’s era?

Mr. Rathin Lahiri- CMO, Meru Cabs

Mr. Prashant Laxmeshwar- Head of Marketing Solutions, Global Markets Group-ICICI

Mr. Naveen Kukreja- IIMC Alumnus and CMO, Policy Bazaar

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Panel 2: Rethink New Product Development-How is it changing with times?

Mr. Anshu Bagai- MD, AMC Cookware

Mr. Abhishek Sinha- Co-founder and CEO, Eko India Financial Services Private Ltd.

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The event ended with a felicitation of the speakers and a vote of thanks. IIMU’s first marketing conclave was a resounding success with speakers and participants alike, appreciating the seamless organization of the entire event and the insights they gained through the discussions.

IIM Udaipur has always laid a strong emphasis on integrating with the local community and continuing this initiative, the conclave saw 65 participants from various institutes around Udaipur being part of the event. The first marketing conclave of IIM Udaipur indeed was a wonderful experience for all the participants and also helped the institute build a stronger relationship with both the industry and the community of Udaipur. For More Info follow us on-

IIM Udaipur presents Samvaah 2014 – Annual Marketing Conclave!

Indian Institute of Management Udaipur is going to host the first edition of its Annual Marketing Conclave, “Samvaah 2014“, on 15th November 2014 in IIMU Campus.
Conceived and organized by MarClanThe Marketing Club of IIM Udaipur, Samvaah, in sync with its name translation – “Marketplace”, is a student driven initiative that aims to unite marketing enthusiasts from different B-Schools in a day long conclave. A precursor to the event has a series of on-line and on-campus competitions covering different verticals of Marketing. The competitions resonate to give different B-Schools participants a platform to showcase their talent, creativity and marketing potential and win exciting rewards.
One other key feature of the summit is to invite industry leaders from the corporate world to the IIMU campus and share their insights with students through engagement in diverse panel discussions, lectures and workshops.
MarClan strives to ensemble the marketing talent within the IIMU campus and different business schools for knowledge exchange and Samvaaha 2014 scheduled on 15th November 2014 in IIM Udaipur is largely centered on our umbrella theme, Rethink.
Gear up for this space and keep checking our communications at the channels mentioned below for more information regarding competitions and discussions.

Inclusive India Forum 2014: A joint initiative by IIM Udaipur and HBS Club of India concludes on a highly successful note at IIMU!

Indian Institute of Management, Udaipur in association with the Harvard Business School Club of India successfully organized the first Inclusive India Forum 2014 at IIM Udaipur campus on 26th July, 2014.

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The event was attended by stalwarts from corporate and social sectors. Prominent delegates included 12 Harvard Business School Alumni, 23 Corporate Social Responsibility Heads from various companies and 44 Founders & Senior Functionaries from NGOs from across India. Inclusive India Forum is the first event of its kind organized in India, where different stakeholders from corporate organizations and NGOs shared one platform to discuss ways in which partnerships can be created in the development management space for the larger benefit of society.

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The event began with a welcome address by Prof. Janat ShahDirector, IIM Udaipur. Dr. Shah mentioned the need to focus on the development in the region. He specified the deep commitment of IIM Udaipur to work towards this agenda citing many initiatives like the Center for Development Management, partnerships with local corporates and NGOs like Hindustan Zinc, Secure Meters, Seva Mandir, Arth and Aajeevika Bureau among others. His speech concluded with the purpose of the event to devise an action plan through the collaboration and discussions with the delegates and to make dependable friends who will join IIMU in working towards the inclusive growth of India.

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The keynote address for the event was delivered by Dr. Ganesh Natarajan, Vice Chairman & CEO, Zensar Technologies and Chairman of the 2000 member strong NASSCOM foundation. He talked about his initiative which aims at making at least one member of every Indian family digitally literate, so that the access to technology and the corresponding awareness can help them avail the development initiatives. He emphasized that the vision of HBS Club of India should be contributing in the field of social causes and not that of a mere business beneficiary body.

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The participation of the delegates for the day began with first panel discussion on “The Corporate World on the Social Sector” which was moderated by Dr. Ganesh Natarajan. The panelists Prof. Janat Shah, Mr. S. Ravichandran – Cummins India, Ms. Neera Nundy – Dasra and Mr. Sanjaya Singhal – Secure Meters spoke largely on the topic and the audience participation brought in key pointers like lack of need-gap analysis of planning/scalability skills in NGOs, absence of CSR initiatives taken by companies in non-industrialized regions of India, strategic alignment with corporate organizations and executional challenges of incorporating CSR values in corporations.

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Second panel discussion on the theme “Development Management Sector in India: What works and what does not?” was moderated by Mr. Anshul Arora, CEO – Edvance Group and saw Mr. Aditya Nataraj – Piramal Foundation, Mr. Ajay Mehta – Seva Mandir, Ms. Rita Soni – NASSCOM, Mr. Anoop Kaul – Basix, Ms. Uma Ganesh and Mr. Jayant Sahastrabuddhe discussing on existing as well as future possible partnerships between civil society, NGOs and corporates. The challenges like experimental flexibility in schemes such as NREGA by the government, importance of knowledge creation and knowledge asymmetry were discussed. The common opinion which emerged was that educational institutions should focus on making social leaders, and bring about capacity and capabilities building along with partnering with local industries to work towards nation building. The message of ‘CSR as a fundamental duty of everyone’ was emphasized by the panel.

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The panel discussions were followed with brainstorming sessions wherein delegates segregated into three focus groups to discuss on current and possible future initiatives in Livelihood, Healthcare and Education sectors. The mutual discussions between corporate, CSR representatives and social sector heads in common teams brought perspectives on formulating roadmaps to give directions for future collaboration on social projects. The implementation challenges at the grass root level and the deep understanding of the bottom of the pyramid brought in by the NGOs helped in developing of a complete functional roadmap.

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The event saw enthusiastic response and the participants were enthralled with a cultural program in the evening with highlights of traditions of Rajasthan. The delegates also had interactions with the student community of IIMU and partake a Heritage walk and NGO visit on 27th July, 2014.

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Indian Institute of Management Udaipur strives to build a workforce of student managers imbibed with the beliefs of social responsibility, inclusiveness and the potential of collective growth, who can go on to create social and economic values for the society. This initiative organized by PrayatnaThe Social Responsibility Club of IIM Udaipur represents the true pride and insignia of IIMU and is a key milestone achieved in this direction. IRIS – The Photography Club of IIM Udaipur helped in clicking the pictures of the event.

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IIM Udaipur and Harvard Business School Club of India to host Inclusive India Forum 2014 at IIMU campus!

Indian Institute of Management, Udaipur in association with the Harvard Business School Club of India will host the first Inclusive India Forum on 26th July, 2014 at IIM Udaipur campus.

Inclusive India Forum will be attended by stalwarts from corporate and social sectors. Confirmed delegates include 25 Harvard Business School Alumni, 25 Corporate Social Responsibility Heads from various companies and Founders & Senior Functionaries of 40 NGOs from across India. Inclusive India Forum would be the first event of its kind organized in India, where different stakeholders from corporate organizations and NGOs would gather on one platform and discuss ways in which partnerships can be created in the development management space for the larger benefit of society.

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Janat Shah, DirectorIIM Udaipur, faculty and students of IIMU will welcome all the delegates in the event. The event will flag off by a Keynote address to be delivered by Dr. Ganesh Natarajan, Vice Chairman & CEO, Zensar Technologies.

Indicative list of the prominent corporate personalities who will be attending the event comprises:

  • Adil Zainulbhai, Senior Advisor & former Chairman – McKinsey India
  • Padmashree Rajinder Gupta, Founder & Chairman – Trident Group
  • Vikram Mehta, Chairman – Brookings India
  • Jyotsna Bhatnagar, Head CSR – British Petroleum India
  • Mohini Daljeet Singh, CEO – Max India Foundation

C-Suite Executives from some of the big firms across the country including Brookings India, Dr. Reddy Foundation, BP India, DLF, Vodafone, Piramal Foundation, Forbes Marshall, Genpact, Vedanta, Hindustan Zinc, Max India Foundation, ITC, MacArthur Foundation, NASSCOM Foundation, Secure, Shell Foundation and Harvard Business School alumni would unite together to deliberate on how the skills and resources from Corporate world can align with the Social services sector to develop synergies across various projects in the social space in the coming years.

Indicative list of prominent personalities from NGO space who would be participating in the forum comprises:

  • Ashwin A. Shah, Founder – Gram Sewa Trust
  • Rajiv Khandelwal, Founder & Chairperson – Aajeevika Bureau
  • Binoy Acharya, Founder & Director – UNNATI
  • Girish Sohoni, President & Managing Trustee, BAIF Development Research Foundation
  • Mini Bedi, Asia Director of International Association for Community Development – Director Development Support Team (DST)
  • Pankaj Shah, Director Community Health – SEWA Rural

The forum brings together personalities and leaders from NGOs like ACCESS Development  Services, Akshaya Patra Foundation, Ananya Finance, Arth, Astha Sansthan, BASIX, British Council, Cecoedecon, Centre for Science and Environment, Concern India, Drishtee, EDVANCE Group, Food Security Foundation India, IBTADA, IIMPACT, Jatan, Lok Panchayat, Marie Stopes International, Pan Himalaya Grassroot, Piramal Foundation, Secure Giving, Seva Mandir, Shaishav, Smile Foundation, Uthan, VAAGDHARA, VANI and Vidya Bhavan Society.

The first panel discussion on “The Corporate World on the Social Sector” would be moderated by Dr. Ganesh Natarajan. This would be followed by second panel discussion on the theme “Development Management Sector in India: What works and what does not?” moderated by Mr. Anshul Arora, CEO – Edvance Group. The panel discussions will be followed by brainstorming sessions wherein delegates would be segregated into three focus groups and would discuss on current and possible future initiatives in Livelihood, Healthcare and Education sectors. One of the key anticipated outcomes of the forum is a roadmap which will give directions and indicators for working in a collaborative way on social projects in future, which would lead to inclusive growth in India in the long run.

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The Udaipur community has shown keen enthusiasm and interest in this event. A Press Conference was conducted on 23rd July in IIM Udaipur campus as a pre-cursor for this event in which around 30 local press and media partners came to cover the event. Zucchini Italian Cuisine Restaurant of Udaipur has associated with the forum as the Food Partner.

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IIM Udaipur through various initiatives in the past has shown a deep commitment towards developing socially responsible managers and actively contributes in societal development. This programme in collaboration with the HBS Club of India is another major step taken by the institute in the same direction.

Arth – Samvaad 2014 concludes amidst piquant discussions, applauds and cheers!

Finomina The Finance Club of IIM Udaipur successfully organized Arth Samvaad 2014, the second edition of its annual Finance Symposium on 25th January, 2014. The clubs and committees of IIMU give ample opportunities to its students to master the tapestry of learning and holistic development while getting hands on experience in organizing events. Finomina’s constant endeavor remains imparting to the students of IIMU, the latest knowledge from the world of finance. In light of the recent economic complexities and the challenges faced by corporates in financial management, a host of speakers, all leaders in multiple financial services organizations were invited for the symposium.

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The event flagged off with an opening speech from Prof. Janat Shah Director, IIMU who presented his vision for the institute with strong emphasis on research, analysis and entrepreneurship. The umbrella theme for Arth-Samvaad 2014 was Financial Management Cues for the Future, aptly developed around global financial chaos and prominent future opportunities in the sector. The Chief Guest of the event, Mr. V S Sundaresan, Chief General Manager, SEBI efficiently deliberated on the topic progressing through the performance of financial markets in leaps and bounds and how SEBI’s focus has been around Products, Processes and Participants.

Prof. Janat Shah has always been a driving force motivating his students. And IIMU students witnessed a sheer moment of this construct when the Chief Guest was joined by the Keynote Speaker of the event, Mr. Satya Narayanan R, FounderChairman, Career Launcher. Mr. Satya Narayanan R has been a student of Prof. Janat Shah at IIM Bangalore and his entrepreneurial success in leading Career Launcher to the helm among the Educational Services companies of India shows the prominence with which Prof. Janat Shah champions the transformation of his students exalting all of them with his vision. Mr. Satya Narayanan R discussed about the role capital markets can play in influencing the masses and the values like paying back to the society which should lead the businesses.

The event saw two important panel discussions between eminent corporate leaders. The first panel discussion with the sub-theme, “Corporate FinanceDoes Practice Meet Theory?” had panelists Mr. V Srinivasa Rangan, Executive Director, HDFC, Mr. Sourav Mallik, Senior Executive Director and HeadMergers & Acquisitions, Kotak Investment Banking and Mr. Srinivas Baratam, MD, Kriscore Financial Advisors. The discussion was moderated by PGP student, Dhiraj Kumar. The vast experience of these professionals nurtured an engaging and enriching the discussion with various aspects of corporate finance touched upon like conservatism, valuation to the shareholders, gaps between theory and the dynamic world of practice, debt, equity and the challenges of expected returns in the market. The finance enthusiasts of IIMU were equally excited to be in the audience and the panelists instantly struck a chord to inspire the students as role models with their innovative talks, delivering complex financial jargons in a light manner keeping everyone in splits.

The precursors of the final day event were competitions under the title Vitt-Sangram, the Pan India Debate Challenge, Quiz Competition and Article Writing Contest. The participants from leading B-School joined the team from IIM Udaipur for battling their knowledge out in the arena in front of the judges.

The second panel discussion revolved around the sub-theme, “Capital Markets in India: Infancy, Early Adulthood or Mature?” with the panelists Mr. Sandip Sabharwal, Investment Advisor and a Star Fund Manager, Mr. Amit Thawani, Executive Director, Nomura Financial Advisory & Securities (India) and Mr. Imtaiyazur Rahman, Group President & CFO, UTI AMC with the discussion being moderated by PGP student, Naimish Shah. The speakers discussed about the market size of Indian Capital Markets, Mutual Funds, IPO and the effect of GAAR on the Capital Markets.

With the winners

Finomina’s stride to deepen the financial acumen of the students of IIMU culminated on a promissory note with the launch of the 4th edition of Arthaarth, the Quarterly Magazine of Finomina. The speakers insistence on getting the foundation and clarity of concepts in theory right before practise left the students motivated. And the institute’s infrastructure with sophisticated Bloomberg Terminals leaves no stone unturned in shaping the best finance leaders of tomorrow. The event concluded with a vote of thanks and prize distribution to the winning teams from IIM Udaipur and SIBM Pune of the Debate Challenge, as well as a token of gratitude expressed for the event sponsors, Union Bank of India and Indian Bank.

The other participating teams were IIFT Kolkata and IMT Hyderabad. The winners of Article Challenge were IIM Bangalore and IIM Udaipur. And the Quiz Competition was won by IMT Ghaziabad, NMIMS and IIM Udaipur.

FinTalk with Mr. Ramesh Srinivasan

Reposing on its tour de force to impart the Finance enthusiasts of IIMU, the latest knowledge and industrial acumen from the World of Finance, Finomina The Finance Club of IIM Udaipur continued its virtuoso efforts in the FinTalk series and organized a session on Investment Banking by Mr. Ramesh Srinivasan, Director and Member of the Board, Kotak Investment Bank. He was accompanied by our esteemed CAG member Mr. Bhavin Shah. The session explained the various client services offered in Investment Banking and the short and long term career prospects in each of these domains. It also threw light on the key skills needed for such jobs, the nature and work culture in a typical Investment Bank and what is expected out of a person working in this sector. Mr. Ramesh also discussed about integrity and ethics involved in working in this sector. The discussion was accompanied by many examples which helped to understand how theoretical learning differs from practical working environment and the challenges involved in this job.

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Later, Mr. Ramesh interacted with the faculty Prof. Vishwanathan and Finomina members wherein a discussion took place about the applicability of Bloomberg analysis in Investment Banking and how the analytical skills gained henceforth could be built in order to distinguish IIM Udaipur students from other management students. Topics like job prospects and scope in various areas of Finance and the areas to focus on considering the changing economic, political and market scenario were also touched upon in the discussion.

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Student community was present during the session to learn from such experienced members of the industry. The objectives of such sessions are not only to learn about the industry that the speakers represent but also to start relationships with them personally and with their companies for collaboration in designing academic curriculum and other activities on campus.

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IIM Udaipur Analytics Excursus

Meliorating the benchmark set by the “E-Commerce Excursus”, the Analytics Excursus was successfully organized on 5th December, 2013 in IIM Udaipur. The Analytics Conclave-2013 is a part of the series of summits planned by the Indian Institute of Management Udaipur, under the banner”Excursus”. Focusing on the importance of extensive data getting generated every day and to take the useful insight from it which can be used for decision making, the theme for the event was decided as “Big Data- Big Advantage”.

The Conclave encompassed a Presentation Challenge and two Panel Discussions. The Presentation Challenge comprised of a competition amongst student teams presenting the importance of Analytics and how well it has benefited the organizations. The panel discussions was a platform for industry leaders to share their expertise through engaging dialogues on two sub-themes within the umbrella theme of “Big data – Big Advantage”.

Panel Discussion 1: Big Data: Opportunities and Challenges

The new era of data presents distinct opportunities for organizations but at a certain cost. In order to be successful one has to understand the major functional areas that attract applications of Big Data. Organizations have challenges varying from acquiring the relevant data to selling this idea in the Indian market.

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Mr. Roy Cherian, CEO & Founder of Marketelligent, Mr. Gaurav Vohra, Co-Founder of Jigsaw Academy and Mr. Dripto Mukhopadhyay, Vice President, Indicus Analytics shared their views on the first topic of the day “Big Data: Opportunities and Challenges”. The general view of the panel regarding MBA students and Big Data was that MBAs should be more concerned about the impact this has on the business and should be able to quantify the results.

Panel Discussion 2: Big Data: Transforming Businesses and Creating Competitive Advantage

The opportunities brought about by Big Data have to be transformed into value by transforming the business practices. This technical revolution can be managed only by creating an enabling environment for using Big Data and transforming the internal business processes. Creating sustainable competitive advantage for companies depends on how well they transform the uses of Big Data.

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The next discussion witnessed business experts Mr. Ashit Panjwani, Executive Director at SAS Institute, Mr. Amar Saxena, Head of Analytics at RBS and Mr. Rajbir Singh, Global Head – Customer Centric Solutions at HCL. The panel mentioned that analytics deals with business problems and one should view the investment as a business investment and not as tech investment. They also said that one should be very clear with the questions that need to be answered, only then the analytics tools have meaning.

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The Analytics Excursus concluded with declaration of results for the presentation challenge competition followed by a vote of thanks. The panel discussion, the student presentations as well as the quality interaction with the industry leaders was an enriching experience for the students of IIM Udaipur.