The event started with the Inaugural Session opening by Dr. Anusha Agarwal, Convener of the Seminar, welcoming the honorable Vice Chairman, I.T.S. The Education Group, Mr. Arpit Chadha, Director Management, Dr. Sapna Rakesh, Chief Guest Mr. Shailendra Bebortha, Chief Operating Officer, Sunborne Energy Technologies and Keynote Speaker Mr. V.K. Raina, President AVR Consultancy, Ex Chairman, Bank of Aldofar, Dubai and giving an overview of the Seminar. Director Management Dr. Sapna Rakesh addressed the students that such events give an opportunity to interact with the industry experts. Vice Chairman, I.T.S. The Education Group, Mr. Arpit Chadha also addressed the students and wished them a day full of learning with new insights. Thereafter the Chief Guest for the Seminar Mr. Shailendra Bebortha, not only shared the recent developments in finance but also advised the future managers to remain updated and poised as there will be increased demand of financial experts in future. The Keynote speaker was Mr. V.K. Raina also shared his vast experience and gave valuable insights into the various factors leading to the crises in the financial markets. His speech invited various interesting questions from the students which were duly addressed.

Then there was a Technical Session on ‘Personal Finance in Turbulent Times’ where the experts were Mr. Prashant Sharma, Senior VP, ICICI Securities, Mr. Abhishek Pradhan, Director, Financial Consulting Firm, Ex. VP IndusInd Bank and Ms. Kavita Rai, Senior Manager, Delhi Stock Exchange. Mr. Prashant Sharma discussed the various factors leading to crises including economic factors and political factors, reasons for Chinese market crash and how such factors impact the wealth and financial assets of any person. He suggested that one should not simply buy stock but invest in promising and growth oriented companies. Mr. Abhishek Pradhan deliberated how the crises have always been there and one should not be pessimistic but rather always focus on managing the crises to overcome it successfully. He also stressed how as managers one is always required to view problems not as problems but as opportunities for doing new things. Finally the last speaker of the session Ms. Kavita Rai shared her vast experience of twenty five years in the stock exchange and advised students that they should not jump into the market without any information only for speculating or trading purposes but rather acquire the right information and correct details and then think of investing in the market for better returns.

Later there was a Panel Discussion on topic ‘Impact of Global Financial Crisis on Indian Financial Sector’ where the experts were Mr. Vikas Arora, VP, Yes Bank; Mr. Gursharan Rai Bansal, Senior VP, UTI Asset Management Company; Mr. Manoj Kumar Sabat, AVP, IL&FS Energy; Mr. Vikas Gupta, Director, Compark Ltd. and Ms. Anju Sethi, AGM, Punjab National Bank. The moderator of the panel was Dr. Deepak Tandon, Professor, IMI, Delhi. The eminent speakers from industry discussed the various causes of the current financial crisis such as the Chinese market crash, crude oil crisis, political unrest and gave valuable insights how one thing is related to the other. The speakers also deliberated on the challenges and opportunities in the current scenario for the start up companies. Ms. Anju Sethi highlighted how the spillover effect is natural as adversity in one country affects other nations as well and how bankers have to be a little more cautious and follow the credit ratings strictly. Mr. Manoj Kumar Sabat discussed that financial crisis has majorly affected the private sector and public sector is not much affected as there is not much problem of debt. Mr. Gursaran Rai Bansal very interestingly brought the concept of ‘VUCA’ (V= volatility, U= uncertainty, C= complexity, A= ambiguity) situation which is presently the scenario. Mr. Vikas Gupta explained how financial crisis affects an entrepreneur or startup further stressing that financial crisis comes after every 3 years and so one should be prepared for it. Also stating that such crisis is the ideal time to initiate a startup become one is more creative and innovative at that time and talent availability is also more. Mr. Vikas Arora, explained Chinese market crash stating that the country’s exports are reducing and so China went ahead with devaluating its currency to induce an increase in exports.
Toward the conclusion of the event vote of thanks was given by Prof. Nitin Saxena thanking all the speakers, faculty and the students for successfully organizing the seminar which greatly benefitted the participants and the students.