ARTH SAMVAAD – Another blossom added to the Financial Tree

Mergers and Acquisitions, company IPOs, role of regulatory bodies, and valuing companies are some of the most talked about topics in the world of finance today. To bring together finance enthusiasts from across the country to discuss these and other critical topics, Arth Samvaad-the third edition of the annual finance symposium of IIM Udaipur was organized on 24th January, 2015 at the institute’s campus.

Arth Samvaad is a student driven initiative organized by Finomina- the finance club of IIM Udaipur. The event serves as a platform for future financial managers to learn and interact with industry stalwarts to discuss changing trends in the financial world and the micro and macro- economic factors that affect financial decision making.

The event began with a welcome address by Prof. Janat Shah, the director of IIM Udaipur. Prof. Shah elaborated on the key features of education at IIM Udaipur namely research, MBA as a transformational journey and making a difference to the region. Prof. Shah also spoke at length about IIM Udaipur’s focus on global and rural immersion and on encouraging entrepreneurship among students.

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The welcome address was followed by a panel discussion on the theme ‘Rethink: Decades of Financial Folly-Will it be different this time?’ The speakers for the same were:

  • Harsh Vardhan: Head of Bain India’s Financial Services practice
  •  Mr. Niraj Karia: Senior VP, Kotak Mahindra Capital
  • Mr. Sriram Krishnan: Director & Head – Market Specialists, Securities Services, India
  • Mr. Umesh Agrawal: Executive Director of Investment Banking at Axis Capital, Mumbai, India

Mr. Niraj Karia spoke on the changing scenario over the past decade as regards changes in leverage and derivatives, complexity of regulations and valuations. Mr. Vardhan then discussed the reasons for the global and Indian financial follies over the past decades and how we could deal with the same. Mr. Krishnan emphasized on the need to first understand the framework and background for each historical folly while Mr. Agrawal discussed current economic trends and key indicators that will influence India’s future financial growth.

The panel discussion was followed by an intercollege debate competition on the topic: ‘Is Increasing Regulations on Financial Institutions Good?’ The debate saw teams from IMT Ghaziabad, IIM Lucknow, NMIMS Bangalore and IIM Udaipur present their stance on the topic, while also challenging the views of other teams.

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The event also saw a Mergers and Acquisition workshop conducted by Mr. V S Sundaresan, Chief General Manager, SEBI. The workshop involved the analysis of a case study, and an ensuing discussion on the finer and often controversial topics in Mergers and Acquisitions.

The final event for the evening was a faceoff between the students of IIM Udaipur and Mr. V S Sundaresan on the necessity of a regulatory body. The faceoff saw a very animated discussion on the topic, with a number of key insights also contributed by the audience.

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The conclave ended with the launch of Finomina’s magazine: Arthaarth and the felicitation of the speakers by the director. The winners of the great debate challenge were also announced with NMIMS Bangalore coming first and the team from IIM Lucknow being the first runners up.

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The third edition of Arth Samvaad was a success with the students and speakers alike, looking forward to next year’s edition. Kudos to team Finomina!

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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.

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.

Panel discussion

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.