Bombay Stock Exchange CEO presides over 4th edition of FinTalk at IIMU

FinominaThe Finance Club of IIM Udaipur organized the 4th edition of FinTalk on 1st February, 2014. The session was presided over by Mr. Ashish Chauhan, CEO & MD, Bombay Stock Exchange. Mr. Chauhan is an IIT Bombay and IIM Calcutta alumnus and he is one of the pioneers of the modern trading markets of India. His journey has seen multiple career dimensions encompassing strategy, finance, marketing, operations, policies, microstructure, information technology, organized retail, telecommunications, Indian social issues and cricket growing along with the growth of the financial market and economy of India.

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Popularly known as the father of modern financial derivatives in India, Mr. Chauhan spoke in lengths about his stay at IIMC and his work with IDBI. He shared the challenges he faced being a part of the core team that founded NSE and the regulatory norms in the business set by SEBI, FICCI and CII of which he is an eminent board member. Quoting “Life is very random”, Mr. Chauhan spoke of how things at NSE led him to the role of CIO at Reliance Communications and later as the President & Group CIO of Reliance Industries Ltd.

Mr. Chauhan laid stress on the importance of proper execution and how good strategy coupled with proper execution can work out wonders. He related this with his tenure as the CEO of Mumbai Indians. He also discussed about the strategies adopted at the BSE and competitive advantage in its rivalry with NSE. He explained students about the intricacies of the trading business and how good strategies fail when traders start believing in their bluff, thus explaining the students about the need of sound judgmental skills in making business decisions.

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He also laid importance on the use of sophisticated technologies and new trends like Algo Trading in business because speed and fast information flow form the essence of effective and competitive business practices. He mentioned the examples of failure of over the counter exchange and how modern trends have significantly changed the ATMs, Liquidity, Derivatives, Nifty, Futures, Options and Forwards in the market.

The sessions turned out to be extremely informative and engaging as it was full of anecdotes from real life experiences which he interspersed in his talk. Mr. Chauhan also urged the students to develop entrepreneurial skills and to contribute to the society in any way they can.

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The student community was present in large numbers during the session to learn from such an experienced member of the industry. The objectives of such sessions conducted by Finomina and other clubs & committees at IIMU are not only to learn about the industry that the speakers represent but also to form relationships with them and with their companies for collaboration in designing academic curriculum and other activities on campus.

IRISThe Photography Club of IIM Udaipur helped in coverage of the event.

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IIMU and National University Singapore partake learning insights logrolling on a common platform!

IIM Udaipur’s students singularise themselves from other B-School students by meliorating upon the unique vision of our Director, Dr. Janat Shah for the institute. Immersion programs integrating both global and rural peculiarities being one of the formative pillars of IIM Udaipur along with entrepreneurship, social responsibility and transformation, saw a prime addition in the institute’s hall of fame. A group of 18 students from College of Alice and Peter Tan, National University of Singapore (NUS) visited Udaipur as part of their study tour in India to enrich and enhance their knowledge about citizenship and community engagement. The students’ contingent secerned a host of faculties like Political Science, Pharmacy, Engineering, Bio-Technology, Architecture etc.

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They were accompanied by their 3 faculty members led by Dr. Tan Lai Yong who is a distinguished faculty and a “who is who” figure of NUS. His credits boast of a 14 year tenure work done in Chinese villages involving the treatment of a lot of patients and provision of shelter to a large number of orphans. A group of 10 PGP-1 students from IIMU played host to them accompanying them for a period of 2 days so as to give them a genial socializing experience and help them gain a deeper insight into the rich Indian heritage.

On Day 1, the IIMU students accompanied the NUS students for sight-seeing and an excursion in the old parts of the City of Lakes. The group visited Jagdish Temple and City Palace Museum discussing en route a host of topics on subjects ranging from the education system of India, effects of tourism on Udaipur, the cultural diversity and differences between the two nations, and the political will in the neighbouring countries, India and China.

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Day 2 commenced with a 6 hour trek spanning over 12 Kms across the Aravalli hills in the countryside. On the way to a remote village, the discussions in the group hovered around a lot of issues like the inherent reasons for the poverty prevalent in India, government schemes and their effectiveness, the healthcare industry of India etc. A lot of bytes were also exchanged on the expected results of upcoming Lok-Sabha elections, major cities of India and their cultures, marriages and family values, the dire importance of democracy in the biggest democracy of the world, opportunity cost of leaving a job and doing MBA in India etc. Due to the varied cultures, practices and diverse backgrounds of students, both NUS and IIMU students found the discussions to be very engaging and interesting. Different points of views were shared and various possibilities were explored in the sessions. Students from NUS communicated that this activity proved to be an important milestone in their global immersion program and helped them gain a different perspective on various subjects via the tete-a-tete experiences with the IIMU students.

The 2-day zap for IIMU and NUS students ended on a note of warm gesture of greetings along with a grateful gratitude and mutual acknowledgement for promoting a healthy learning through the fruitful discussions between the two student communities. The groups departed on a promissory wish to remain connected and build future partnerships that can help students from both the communities carry forward this collaborative learning high point.

IIMU Student Representatives:

Angad Singh Abrol | Ankur Ajmera | Avinash Chandra | Gunjan Sharma | Nischal Naidu | Pratik Zanzad | R. Vivekanand | Riya Aggarwal | Sunil Sahu | Vaibhav Arora