In November 2017, ISB&M witnessed the first Risk Management Conference to ever be held in a B-School, by the name of Risk Roulette. Bringing together dynamic, industry leading speakers on a common platform, the Conference revolved around connecting the three powerful concepts of Revelation, Enlightenment & Embracement of predictive/unpredictive risk management within economical and financial cosmos, wherein the professionals shared their expert opinions on critical issues facing the risk management community.
Roulette being game of pure chance, risk being a situation involving exposure to danger, risk roulette being.
The game of uncertainty Risk roulette is a platform/conference where we connect the three powerful concepts of Revelation, Enlightenment and Embracement of predictive/unpredictive risk management within economical and financial cosmos. It’s a ground which brings in every present element of the world together under one canopy, to discuss the unprecedented predictions. A forum to address the emerging risks and insights on managing the knowns and unknowns wherein dynamic industrial leading speakers share the critical issues currently facing the risk management community and exploring the future contingencies.
TOFI-The Finance Club of ISB&M Organised an event which showed the concept of merger and acquisition through a traditional Indian wedding
Mergers and acquisition are important for a business because: -
Mergers can give the acquiring company an opportunity to grow market share without having to really earn it by doing the work themselves - instead, they buy a competitor's business for a price.
Many M&A deals allow the acquirer to eliminate future competition and gain a larger market share in its product's market. The downside of this is that a large premium is usually required to convince the target company's shareholders to accept the offer. All the Big Shots of the market strategize their decisions to expand and grow through these strategies of Merger and Acquisition.
We took 2 recent examples of M&A:
For merger: - (analogy of Love Marriage)
Idea and Vodafone
For acquisition: - (analogy of Arrange Marriage)
State bank of India and Bhartiya Mahaila Bank
We showed dowry as purchase consideration and parents as owners of the company and their children as the company.
The Event was organised in such a way that students can understand the concept of M&A in a humorous way.
On 29th October, TOFI- The Finance Club organized an exciting, stimulating and thrilling treasure hunt called ‘Thugs of ISB&M’ for the Junior PGDM batch at ISB&M. The event was organized with the intention of allowing the students to take a break from the monotonous everyday routine of college and find pleasure in taking on the role of thugs while cracking clues, solving riddles and negotiating with the ‘Most Wanted Thugs’ (helplines) to win the ultimate treasure.
The teams had to use not only their intelligence, but also their shrewdness, sense of humour, bidding skills and most importantly their ability to run all over the campus for two hours to prove themselves as sagacious thugs. The event tested not only their cleverness with riddles, but also their ability to spend money wisely and efficiently.
Be it finding sense in one-line riddles to reach their first location; solving numericals to get next clue or bidding their money to avoid elimination; they did it all!
Each team was given fake currency worth Rs. 2,000, which they had to save for reasons that unfolded at a later stage. Complete attempts were made to reduce their amount through fines for reaching locations late, bribes for taking hints from helplines and penalties for getting wrong answers to the numericals.
Aiming to be an entertaining yet financially-oriented treasure hunt, this event succeeded in giving everyone, both participating and viewing, a big laugh as also in teaching the participants the important art of using money wisely.
International School of Business and Media has never been known to do things conventionally; and neither has its Finance Club.
On 20th August 2018, TOFI- The Finance Club carried out a dramatic representation of the world of finance in India.
Hum Saath Saath ‘Nahi’ Hain, depicted the RBI family, with the RBI Governor as the husband, the Finance Ministry as his wife, and a few nationalized banks as their children. It was based on the intent to give a brief overview of the banking mechanisms in India, allowing the students to fully comprehend and understand such banking terms as Cash Reserve Ratio, Statutory Liquidity Ratio, Demonetization and Lender of Last Resort.
CRR, for example, was depicted when the father of the household commanded the children to mandatorily give 4% of what they earn to him, allowing him to plan his trip to Bangkok.
Using witty dialogues, punch lines and background music, these finance concepts were portrayed to the audience in a manner that was easy for them to gauge, as also have a good laugh. The RBI family was depicted as a dysfunctional, crazy family dynamic, to explain how the banks find themselves adhering to demands emerging from the RBI-Finance Ministry equation.
Being just one of the many forthcoming TOFI activities, this event ensured that students could engage in both education and fun simultaneously. The year ahead will have many such unique finance club events that will gradually introduce all students, irrespective of their specializations, to the depths and workings of finance in a manner that proves both fruitful and engaging for them.
TOFI- The Finance Club is a study circle where it believes in learning through practical skills and by guidance of industry leaders such as Anjan Ghosh (Executive VP, ICRA Ltd.) , Sanjot Raibagkar ( VP, Deutsche Bank) and many more. Guest Talks by various industry experts had helped our students to understand how finance takes place in industry and how it helps in company's growth.
The work shop of Capital budgeting was organised by the club for the students of finance.
The workshop included 5 students of each section and they were firstly briefed by the members of finance club about what is capital budgeting and what are the methods involved in it.
After that each section were given a Case study which involved the applications of capital budgeting. The group which gave the right solution within the limited period of time was announced as winner