T A Pai Management Institute hosts the finance conclave ‘Finomenal 2017’

Media Release
October 30, 2017

Manipal, Oct 30: The 3rd edition of the three-day annual finance conclave ‘Finomenal’ was recently conducted at the T A Pai Management Institute. ‘Finomenal, with its theme “Govern, Strengthen, Transform” provides a platform for the students of finance to showcase their knowledge and also network with senior industry professionals. This initiative brought together Economists, CXOs, Bankers, Regulators and Fund Managers to discuss the recent trends, the emerging issues, challenges and opportunities in the industry and the way ahead.

Finomenal provides students an opportunity to interact with nationally and internationally-acclaimed experts in finance on the latest developments and trends in the field of finance. Finomenal was conceptualized to bridge the gap between the world of corporate finance and B-school education, by ensuring interaction of industry experts with the TAPMI students for a seamless flow of ideas.

This year’s conclave saw the participation of several eminent industry experts such as Mr. Harish Madnani, Director-Risk Solutions Group, Barclays Bank Plc., Mr. Manish Kothari, Business Head-Mutual fund, Policybazaar, Mr. Mitul Desai, Head-Compliance, India, National Australia Bank, Mr. Nitin Parmeshwar, Sales Associate - Equity Sales, Bloomberg LP, Ms. Lakshmi Iyer, CIO-Fixed Income & Head-Products, Kotak Mahindra Asset Management company to name a few.

Speaking on the changing trends in Corporate Governance, Prof. Rajiv Shah, Professor and Chairperson of Finance & Strategy at TAPMI, said, “Issues such as skills of board members and gender diversity of boards was being looked at more closely by investors. Risk management nowadays is coming under the direct focus of boards. The spotlight on audit committees and overall accountability is also increasing. The need for good governance came into prominence after a series of misadventures including the Satyam issue in 2009. This was followed by the revamping of the Company’s Act in 2013.   However, good rules also need to be backed up by proper monitoring and regulation. This gap was highlighted by the recent problems with Infosys and the Tata group.

Highlighting Finomenal’s theme: 'Govern, Strengthen, Transform', the Chief Guest, Mr Ganti Murthy, Former Head - Fixed Income at IDBI Asset Management Ltd. said, “Good governance strengthens and transforms the economy. Good governance is when we do not just inculcate but assimilate those regulations in the system. Thus, as finance enthusiasts, we need to move ahead by improving governance standards and have a collective responsibility to keep up with good governance to bring change”.

The three-day conclave consisted of inter-collegiate competitions such as; 

1.TAPMI-Bloomberg Olympiad: Bloomberg champions of more than 10 B-Schools took part in the Olympiad to test the expertise of using Bloomberg terminals. This year, the winners of the Bloomberg Olympiad is T. A Pai Management Institute.

2.Accretion 1.0.: This inter-college event saw students play the role of financial consultants in the Merger or Acquisition area. IIM-Calcutta won this year’s Accretion 1.0. 

3.Govern It Right: This event saw students play the role of representatives of the Board / Minority stakeholders of a company to debate governance issues. Ambarish and Nandan from T.A Pai Management Institute won this year’s Govern It Right.

Apart from the above events, there were Guest Lectures and Interactive Sessions like round table discussions between guests and students around the topics ‘Sustainability and Governance’, ‘Business Ethics in Corporate Governance’, ‘Financial market supervision and control’, ‘Internal controls and accountability’.

About TAPMI

The student city of Manipal, Karnataka plays host to the T. A. Pai Management Institute, fondly called TAPMI. With academic rigour and experiential learning as its core, TAPMI’s Masters in Post Graduate Diploma programs, approved by the All India Council for Technical Education (AICTE) and internationally accredited by AACSB.

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News Network
May 3,2024

Bengaluru: In a fresh development in the alleged Hassan sex abuse case, JD(S) MLA H D Revanna, who was accused of sexually harassing his house help, has been booked for kidnapping a victim allegedly sexually assaulted by his son, Hassan MP Prajwal Revanna. The case was filed late Thursday evening at the KR Nagar police station in Mysuru.

The 20-year-old complainant from KR Nagara accused one Sathish Babanna of taking his mother away forcibly and keeping her in an unknown location at the behest of Revanna.

As per the FIR, Revanna has been named as accused 1 while Babanna was accused 2. The duo were booked under IPC Sections 364A (kidnapping for ransom), 365 (kidnapping or abducting with intent secretly and wrongfully to confine a person) and 34 (acts done by several persons in furtherance of common intention).

The complainant claimed that his mother, whose name and age were not revealed, had worked as a help in Revanna’s house and farm in Holenarasipura for six years, quit the job three years ago and returned to KR Nagara. She then worked for daily wages.

“Nearly three to four days before the Lok Sabha election, Sathish Babanna, who is known to us and hailed from our native place, took my mother to Holenarasipura after saying that Bhavani Revanna, the wife of MLA Revanna, had asked for her,” the complainant alleged, adding that Babanna dropped her back on the day of the polls.

Babanna allegedly told the victim’s mother and father to remain silent and evade the police if they came looking for them and to inform him of the developments.

On April 29, at around 9 pm, when the complainant was home, the suspect Babanna arrived, told the complainant’s mother that Revanna had asked for her and took her away on his motorcycle. The complainant claimed that he wasn’t aware of where Babanna took his mother and he had told him that if the police found her, a case would be registered and they would all go to jail.

On May 1, two of the complainant’s relatives called him on the phone and told him that there was a video of his mother being sexually assaulted by Prajwal and that it was a huge case, the FIR noted. He was also informed by his two friends of his "mother's videos being circulated".

When he asked Babanna later that night, he was allegedly told that there was a photo of his mother standing with a stick when Prajwal had quarrelled with someone earlier and an FIR had been registered. Babanna told the complainant that his mother would have to be released on bail, the FIR noted.

“Babanna told me not to speak on the matter on my phone and asked me to talk from a different phone,” he said, seeking action from the police.

The case has been transferred to the Special Investigation Team (SIT) set up to probe the Hassan sex scandal as per the government order.

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News Network
May 4,2024

Mangaluru, May 4: The Mangaluru International Airport was besieged with a harrowing message of terror recently, when an email, purportedly from malevolent elements, menacingly declared the planting of bombs within the airport premises. 

Addressed to the office of the airport authority, the missive, steeped in ominous overtones, bore the ominous signature of a terrorist faction, ominously named 'Terrorizers 111'.

The communication, disseminated in English, ominously detailed the clandestine emplacement of explosives in areas eluding facile detection, accompanied by a chilling warning of their imminent detonation. The threat, ominously looming over not only the infrastructure but also the airborne vessels, portended a catastrophic deluge of bloodshed and loss.

In response to this dire communiqué, airport authorities swiftly engaged the apparatus of law enforcement, dispatching urgent alerts to the vigilant guardians of public safety. Acting upon the dictates of higher echelons, a formal dossier of this menacing correspondence was meticulously compiled, cloaked in the veil of confidentiality to thwart any premature dissemination.

Mangaluru International Airport found itself in grim camaraderie with more than 30 counterparts under the aegis of the Airport Authority of India (AAI) and private domains, all recipients of this chilling electronic diatribe. A comprehensive net of precautionary measures was swiftly cast, fortifying the bastions of security in anticipation of any nefarious designs lurking within the shadows.

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News Network
May 7,2024

damudupi.jpg

Udupi: Udupi became the second city on the Karnataka coast after Mangaluru to launch water rationing, a senior official said on Tuesday.

Commissioner of the Udupi City Municipal Corporation Rayappa said that the rationing system will come into force from Wednesday and will continue till the water in the reservoir reaches comfortable levels.

The dam built across the Swarna river at a place called Baje, which is the only source of water for Udupi city, recorded 3.25 meters of water as against the top level of 6.30 meters.

The decision of water rationing will be reviewed periodically until the reservoir regains its fullest levels, the official said.

The Mangaluru City Corporation resorted to water rationing on Saturday following declining water levels in the reservoir built across the Nethravati river at Thumbe. 

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