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.

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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Life @ IIMU

Nestled amongst the lush, verdant hills of the Aravallis in Rajasthan, the Indian Institute of Management, Udaipur currently located in the campus of the Mohan Lal Sukhadia University possesses the perfect setting and environment for a business school.

Academic rigour has always been a part and parcel of the life of an IIM student and the experience at IIM Udaipur so far, lives up to the same. With business cases to be prepared on an almost daily basis, the study sessions with fellow group mates and the umpteen reports and presentations that have to be made and delivered before deadlines (which more often than not are at unearthly hours, so far spent either watching movies, surfing the net or partying hard) life can get stressful and sleep, a bygone luxury. And just when you’ve had a really heavy lunch topped off with some chilled lassi, does a mail pop into your inbox. Now, outside professional life, mails are usually responded to with a bored glance or a casual laugh. An IIM student learns to expect more. Mails from the PGP office between 12.30PM and 3.30PM are…the most dreaded on campus. Statistics for Management toppers have for decades struggled with their regression, correlation and heuristic analyses to comprehend the relationship between full stomachs and afternoon mails from the PGP office. Surprise quizzes, considered by many as an initiative by the Lucifer himself, serve to knock you off your dreamy siestas and full tummies to those notes that you had, in all probability, hastily scribbled over the last couple of sessions in class. However, the burden of all these activities can be alleviated by merely stepping out onto the hostel terraces for some casual banter with your “ever-ready” group mates whilst taking in the fresh mountain air that most of us have for so long missed, before resuming preparations.

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Udaipur, also called the ‘Venice of the East’ is also called the City of Lakes. Hills, lakes, gardens and palaces, the city is not short on options to recharge the soul and the mind, a welcome relief from the daily grind. The Chief Conservator of Forests in Udaipur organizes regular treks for the students, which apart from being an experience in itself, helps build bonds that could very well last a lifetime. For the foodie, the alleys of the Old Udaipur town are a godsend. Rajasthani delicacies, Mumbai vadapavs and even Keralite non-vegetarian cuisine, the city’s got enough to keep you satiated. Fast food outlets of the likes of KFC, Pizza Hut are in a close proximity to the campus and make for a welcome reprieve at the weekends.

For those who want to work on their extra-curricular activities, IIM Udaipur’s clubs and committees (currently numbering to around 20) provide ample opportunities. The Media & Industry Interaction Cell organizes the Leadership Summit, which is the flagship event of the campus. The Literary club is not just restricted to organizing quizzes. Over the last year, it has organized the Udaipur Leap Day Lit Fest where authors of the likes of Rashmi Bansal and Ashwin Sanghvi visited the campus and interacted with the students. The club also conducted the Udaipur Amazing Race which was basically a treasure hunt across the city of Udaipur, organized along the lines of the popular TV show. The football and crickets enthusiasts among the batch have a Cricket and Football League system in place, complete with an IPL-style auctioning system to add a little extra spice. There are also regular JAM sessions and film screenings that allow the entire batch to let its hair down and have fun as a group. The institute also has a music room, where the musicians of the batch can let loose post the sessions in class.

As in every Management School, due importance is given to those clubs that promote the business of Business itself at IIM Udaipur. Finomina – The Finance Club of IIM Udaipur holds sessions and competitions with the batch to illustrate and discuss various aspects of finance. The Entrepreneurship Cell – Saksham holds guest lectures with the batch, where students get to interact with budding entrepreneurs. Prayatna – The Social Responsibility club has taken up a variety of initiatives to promote a spirit of social responsibility among the students. The Cultural Committee organizes various cultural events in the campus to highlight the diversity of the batch. The recent Food Fest conducted in association with the Mess Committee is just an example of the same.

As with any other college, the real flavour of IIM Udaipur is best experienced in its hostels. Time inside the hostels doesn’t run according to the Indian Standard Time though, at any point in the day the mean number of people sleeping and those wide awake are roughly the same. The latter are either working furiously to complete some assignment or trying to derive some inspiration for doing so off of Facebook!

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Come 8:30 AM and its quite common to see mouths frantically trying to gobble down the breakfast before entering the lecture hall – hopefully before the professor. The afternoons and evenings that are privileged enough to not be spent in class are utilized for impromptu siestas, volleyball matches or Counter Strike battles. More often than not, it’s all three combined.

The nights can be rather subdued before a quiz or some similar tragedy scheduled for the next day, however one thing that manages to bring people together even in times of such hardship is the call for “Maaro Maaro Maaro Maaro” that accompanies every poor soul’s birthday celebrations. The crowd congregates, beats the person black and blue, eats all the cake, (occasionally remembers to wish said person) and then go back to their respective studies. The quizzes still lie in waiting, and they are not going to study for themselves!