Published : Tuesday, 29 September, 2015 03:06 PM

The T. A. Pai Management Institute (TAPMI) hosted its annual finance conclave, Finomenal 2015, on 19th and 20th September. The event was inaugurated by the chief guest, Mr. C. Vasudevan, Senior General Manager, BSE-Investor Protection Fund. The key-note address was by Mr. Nitin Jaiswal, Sales Head, Bloomberg. He stressed that in this highly competitive world students need to be creative, break the pattern, contradict, and challenge existing ways. The conclave included guest lectures and panel discussions by more than 20 stalwarts from the industry belonging to organizations like, Bombay Stock Exchange, National Australia Bank, Grant Thornton, Yes Bank, IDBI Asset Management Ltd, Janalakshmi Financial Services, Bloomberg, and others.  The event also witnessed the launch of the TAPMI Journal of Economics and Finance.

The topic for first panel discussion was, “Is the world economy headed for a currency war”. The panel comprised of Mr. Tama lBandyapadhyay, Bandhan Bank Ltd., Ms. Roopa Dave, Yes Bank, Mr. Vishwanathan Iyer, National Australia Bank and Mr. Kishor Bagri, CFA Institute. The panel observed that currency alone is not a reflection of economic strength. Currency devaluation does not mean a large-scale currency war. All the panellists agreed that more structural reforms are required for creating competitive advantage in business instead of a devalued currency.

The topic for second panel comprising of Mr. Ganti Murthy, IDBI Asset Management, Mr. Debraj Banerjee, Janalakshmi Bank Services Ltd., Shreenivas Kunte, CFA Institute and Mr. Rohit Rao, Grant Thornton discussed the “Influence of Research House reports on Investors”. The panel observed that given the scope of information available to any investor and access to large number of research reports, investors have to filter noise to make sound decisions. They also stressed on the need for timely disclosure by firms as lack of information hinders investment decisions.

The conclave also witnessed inter college competitions such as Concall and Scammed. Concall required students to act as board members and justify strategic decisions by the firms was won by TAPMI. Scammed required students to act as Forensic Auditors and evaluate financial statements to identify financial scams. Students from XIM Bhubaneswar trounced teams from other business schools to emerge winners followed by K. J. Somaiya team as runners-up.

The highlight of the two-day conclave was the inaugural edition of the TAPMI-Bloomberg Olympiad. Bloomberg Champions from eleven business schools across India participated in the Olympiad. Bloomberg Champions from N L Dalmia won the coveted TAPMI-Bloomberg Champion of Champions Trophy with TAPMI Champions being the runners-up.  

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