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
November 26,2025

Mangaluru, Nov 26: Mangaluru East police have registered a case following a sophisticated online fraud where a 57-year-old local resident was allegedly cheated out of ₹13.4 lakh after being targeted on Facebook.

The scam began in February when the complainant, while browsing Facebook reels, was contacted by a woman identifying herself as "Lillian Mary George" from London. After establishing a chat relationship, the woman claimed she would visit India in November and bring a significant sum of money.

The trap was sprung on November 15, when the victim received a call from a woman named "Sonali Gupta," who claimed Lillian had arrived at Mumbai International Airport but was detained by customs. The fraudsters convinced the man that Lillian was carrying £25,000 (about ₹26 lakh) in traveller’s cheques and 1 kg of gold (valued at around ₹30 lakh).

Under the pretense of clearing these items, the victim was asked to make numerous online transfers between November 15 and 18 for various bogus charges, including:

•    "Pounds exchange registration"
•    "Customs declaration issues"
•    "Discount charges"
•    "Money-laundering charges"

Believing the fictitious story, the complainant transferred the cumulative sum of ₹13.4 lakh to various bank accounts provided by the fraudsters. He realised he was cheated when the culprits later promised a refund within two days but stopped answering his calls. The Mangaluru East police are now investigating the case, which highlights the continuing threat of transnational cyber fraud using social engineering and promises of fictitious wealth.

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News Network
November 29,2025

DKSsiddu.jpg

New Delhi: Karnataka chief minister Siddaramaiah and deputy CM DK Shivakumar on Saturday put up a dramatic display of unity at a closely watched joint press briefing, firmly dismissing weeks of speculation about a power-sharing tussle within the Congress. With the high command nudging both leaders to sit together and settle the dust, the meeting became a political spectacle, ending with the duo declaring that there was “no confusion, no differences.”

Calling the reports of a rift “manufactured confusion,” Siddaramaiah said the talks had gone smoothly, even joking about their breakfast. “Breakfast was very good. All three of us enjoyed it,” he said. “We want to end this confusion once and for all. For local elections and for 2028, our mission is clear — Congress must return to power. There is no difference between me and DKS, not now, not before.”

He blamed the media for fuelling rumours and reiterated absolute adherence to the party leadership. “From tomorrow, let there be no confusion. What the high command says, we will follow.”

Siddaramaiah also assured that the Assembly session starting December 8 would run smoothly and vowed that Congress would take on the BJP and JD(S) “together.”

Shivakumar echoed the chief minister word for word, stressing loyalty and discipline. “People have given us a massive mandate. It is our duty to deliver,” he said. “This government was formed under Siddaramaiah’s leadership. We both have complete trust in the high command. If they tell me to wait, I will wait.”

He added that the two leaders had discussed strategy for the 2028 Assembly elections. “Whatever the CM says, I agree. We are loyal soldiers of the party. The party may be facing challenges nationally, but we will keep it strong in Karnataka.”

Shivakumar also said Siddaramaiah would soon visit his home for lunch or dinner — another symbolic gesture meant to underline their unity.

Both leaders later posted on social media describing the breakfast meeting as “productive” and focused on “Karnataka’s priorities.”

The BJP, however, rejected the show of camaraderie as “pure bunkum,” accusing Congress of trying to paper over an internal power struggle. But Siddaramaiah and Shivakumar insisted their united front would continue — and that there was “no confusion” within the state leadership.

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News Network
December 4,2025

Mangaluru: Chaos erupted at Mangaluru International Airport (MIA) after IndiGo flight 6E 5150, bound for Mumbai, was repeatedly delayed and ultimately cancelled, leaving around 100 passengers stranded overnight. The incident highlights the ongoing country-wide operational disruptions affecting the airline, largely due to the implementation of new Flight Duty Time Limitations (FDTL) norms for crew.

The flight was initially scheduled for 9:25 PM on Tuesday but was first postponed to 11:40 PM, then midnight, before being cancelled around 3:00 AM. Passengers expressed frustration over last-minute communication and the lack of clarity, with elderly and ailing travellers particularly affected. “Though the airline arranged food, there was no proper communication, leaving us confused,” said one family member.

An IndiGo executive at MIA cited the FDTL rules, designed to prevent pilot fatigue by limiting crew working hours, as the cause of the cancellation. While alternative arrangements, including hotel stays, were offered, about 100 passengers chose to remain at the airport, creating tension. A replacement flight was arranged but also faced delays due to the same constraints, finally departing for Mumbai around 1:45 PM on Wednesday. Passengers either flew, requested refunds, or postponed their travel.

The Mangaluru delay is part of a broader crisis for IndiGo. The airline has been forced to make “calibrated schedule adjustments”—a euphemism for widespread cancellations and delays—after stricter FDTL norms came into effect on November 1.

While an IndiGo spokesperson acknowledged unavoidable flight disruptions due to technology issues, operational requirements, and the updated crew rostering rules, the DGCA has intervened, summoning senior airline officials to explain the chaos and outline corrective measures.

The ripple effect has been felt across the country, with major hubs like Bengaluru and Mumbai reporting numerous cancellations. The Mangaluru incident underscores the systemic operational strain currently confronting India’s largest carrier, leaving passengers nationwide grappling with uncertainty and delays.

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