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
April 28,2025

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Bengaluru: Opposition BJP on Monday petitioned Karnataka Governor Thaawarchand Gehlot seeking revocation of the suspension of 18 of its MLAs from the Legislative Assembly, calling it "undemocratic and unconstitutional".

They requested the Governor to direct Speaker U T Khader to reconsider the suspension of MLAs, and enable them to resume their responsibilities as representatives of the people.

In an unprecedented move, 18 BJP MLAs were suspended for six months from the Karnataka Legislative Assembly on March 21, for showing "indiscipline" and "disrespecting" the Speaker, following which they were forcefully evicted from the House by the marshals as they refused to leave.

The BJP delegation led by state BJP president B Y Vijayendra and Leader of Opposition in Legislative Assembly, R Ashoka, met the Governor at Raj Bhavan and submitted a memorandum to him.

"....we most respectfully beseech your excellency to kindly exercise your good offices to direct the Speaker, Karnataka Legislative Assembly to reconsider the suspension order imposed upon the 18 Members of the Legislative Assembly belonging to the principal opposition party in the state," the memorandum said.

They also requested that "the suspension be revoked, thereby enabling the concerned legislators to resume their responsibilities as representatives of the people. And to take all necessary steps to uphold the basic tenet of democratic values in the State of Karnataka."

The incident leading to the suspension occurred on the last day of the Assembly's budget session. The BJP MLAs staged a massive protest against 4 per cent reservation to Muslims in public contracts and demanded a judicial probe into the alleged "honey-trap" attempt against Cooperation Minister K N Rajanna.

During the protest inside the Assembly, while some BJP legislators climbed onto the podium where the Speaker's Chair is situated, and surrounded it; a few others protesting from the well of the House, hurled papers at the Speaker. Marshals had to forcefully evict the BJP MLAs who had surrounded the Speaker's Chair.

Speaking to reporters after submitting the memorandum to the Governor, Ashoka said the Speaker and the Congress government's decision to suspend 18 MLAs is "undemocratic", and also "unconstitutional", as the functioning of a legislator is being hindered.

"Congress imposed an emergency on the country and tried to subvert democracy. Participating in the Assembly is our right. People have elected legislators to speak in the Assembly and to monitor functioning of the government through various legislature committees. It is our duty and it is being obstructed, so it is unconstitutional," he said.

Stating that he had already spoken to the Speaker and the chief minister in this regard, he said, "We met the Governor and brought things to his notice regarding what is there in the Constitution and various court orders. He (Governor) has said that he will write a letter to the government and speak to the concerned minister and Speaker. He has responded positively. He said the suspension should have been for the session and not for six months."

However, responding to allegations that his decision was illegal, Speaker Khader said everyone has the right to express their opinion in a democracy, and everything will happen in accordance with the Constitution and rules.

In the memorandum submitted to the Governor, the BJP said, in their role as members of the opposition, they had assembled near the Speaker's Chair as a form of protest. "It was wrongly perceived by the Speaker, so also the ruling party that, in doing such protests they deem that we exhibited behaviour inconsistent with the decorum of the House. Consequently, under Rule 348 of the Karnataka Legislative Assembly Rules of Procedure and Conduct of Business, 18 legislators were suspended for six months and were subjected to additional restrictions," it said.

The Karnataka Legislature is one of the highest embodiments of our democratic values, and truly a "temple of democracy". The dignity and sanctity of the Speaker's and Chairman's offices are fundamental to maintaining the credibility of the legislative institutions, the BJP said.

"We wholeheartedly affirm our adherence to these principles," the party said.

"The events of March 21 were neither premeditated nor intended to show any disrespect to the Chair. Over the past two years, we have observed the set of principles of the House with great appreciation, particularly given the increasing challenges to the standards of debate, language, and procedural adherence in legislative forums. We continue to hold the institution and its leadership in the highest regard," it added.

Pointing out that, in such circumstances, if the Speaker summoned the concerned legislators on that day to seek clarifications, they would have readily explained their actions and assured their respect to the Chair and the House. Unfortunately, no such opportunity was afforded before the issuance of a decision imposing substantial restrictions on 18 duly elected representatives, effectively preventing them from fulfilling their duties towards their constituencies, the BJP said.

The MLAs who were suspended are the BJP chief whip Doddanagouda Patil, former Deputy CM C N Ashwath Narayan, S R Vishwanath, B A Basavaraju, M R Patil, Channabasappa, B Suresh Gowda, Umanath Kotyan, Sharanu Salagar, Dr Shailendra Beldale, C K Ramamurthy, Yashpal Suvarna, B P Harish, Bharath Shetty, Dheeraj Muniraju, Chandru Lamani, Muniratna and Basavaraj Mattimud. 

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News Network
May 13,2025

Udupi, May 12: A tragic incident unfolded at a wedding in Nandikur, Udupi district, when a four-year-old boy, Vasudeva, drowned in a temple pond near the venue.

According to a police complaint filed by Satyanarayana, 38, a resident of Kurkalu village in Kaup, the child had accompanied his mother, Soumya, and siblings—Vaishnavi (10) and Vishnu Priya (1)—to attend a wedding at the Sri Durgaparameshwari Temple Hall in Nandikur.

At approximately 2:00 p.m. on Sunday, Soumya was feeding her infant daughter inside the hall while Vasudeva remained nearby. After tending to the baby, she stepped away briefly to wash her hands, during which time she noticed that Vasudeva was missing.

A frantic search ensued involving family members and others at the venue. About 15 minutes later, at around 2:15 p.m., Vasudeva was found unresponsive in the temple pond adjacent to the hall. Bystanders pulled him from the water and attempted resuscitation.

He was immediately rushed to a private hospital in Udupi, where doctors declared him dead on arrival. Despite this, the family sought further medical assistance at a hospital in Manipal, but physicians there also confirmed that he had passed away.

The Padubidri police have registered a case and are investigating the incident.

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News Network
May 8,2025

SofiaQuraishi.jpg

Belagavi: Colonel Sofia Qureshi who along with Wing Commander Vyomika Singh presented the details of ‘Operation Sindoor’ is being hailed as the daughter-in-law of Karnataka’s Belagavi.

Qureshi's husband Colonel Tajuddin Bagewadi is from Konnur town in Gokak taluk. He has been serving as a colonel in the Indian Army. They were married in 2015.

Qureshi is a native of Baroda in Gujarat, being married to Tajuddin has made her the daughter-in-law of Belagavi.

During a media meet at New Delhi on Wednesday, Qureshi had shared the details of the success of Operation Sindoor which was conducted in retaliation to the terror attack at Pahalgam in Kashmir.

Qureshi has also served in the UN peacekeeping force at Kangola. She has received great appreciation from General Officer Commanding for her work along the borders of Punjab and during the floods in North-East.

Presently Sofia has been posted at Jammu while her husband Colonel Tajuddin Bagewadi at Jhanshi.

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