Goa Institute of Management inaugurates Finance Lab at its Sanquelim campus

Goa Institute of Management (GIM), one of India’s premier B-school recently inaugurated the Finance Lab at its Sanquelim Campus. The lab was inaugurated by Mr. Aditya Puri, MD, HDFC Bank in the presence of Fr. Dr. C. Joe Arun, SJ, Director, GIM, and Mr. P.F.X. D’Lima, CEO and Member on the Board of Directors of GIM, along with faculty and students.

The Finance Lab at GIM integrates theory with real world practice. It is a connect between what students learn in classroom and what occurs in the corporate industry. Live terminals, research databases and real-time access to global financial resources are made available at the finance lab which enables students to link classroom education to actual financial markets.

It lab aims to support advanced applied research in financial markets while also building skills of budding finance managers. The lab will also assist in market research, provide industry level data about major players, market share of each company, product offerings and other finance related processes.

Speaking at the inaugural said Mr. Aditya Puri, MD, HDFC Bank, “It is indeed a proud moment for me to be inaugurating the Finance Lab at the Goa Institute of Management. The Finance Lab at GIM has some of the best facilities in the field. In this age and time, one has to think a lot and understand where the industry is going and this state-of-the-art Finance Lab provides students with a hands-on experience of understanding and implementing financial management concepts.”

Added Fr. Dr. C. Joe Arun, SJ, Director, GIM, “The Finance Lab at GIM aims to train students in real time finance management that moves away from concept speculation to result oriented speculation. It is a paradigm shift from classroom learning to lab-based learning. By this initiative, GIM has shifted focus from being a learner centered education institute to being learning centered.”

The Finance Lab at GIM is equipped with 10 terminals set up by Thomson Reuters, which provide access to information at a global level on equities, commodities and energy, fixed income, foreign exchange and money markets, economic data, industry data and company data.  It is also equipped with a Stock Price Ticker display for which data feed is received from the Bombay Stock Exchange with a time lag of one minute.  Additionally, it has access to all the news channels including business news channels.

Additionally, GIM has subscribed to Economic Outlook, Industry Outlook, Prowess and CapEx of CMIE (Centre for Monitoring Indian Economy Pvt. Ltd.) These products provide data on more than 100,000 economic indicators, industry level data of 193 industries and data of the financial performance of over 27,000 Indian. It also has a CRISIL Fund Analyser, which is empowered with a comprehensive database, robust analytical reports and wide range of interactive features which enable the user to create complex queries and results on mutual funds. It also has Capitaline which provides data on all Indian companies listed on the Bombay Stock Exchange and National Stock Exchange.

GIM is shifted to its new state-of-the-art campus a few years ago. It offers all the facilities required for a business school student’s requirements. From wi-fi connectivity, RFID issue of library books and access to other utilities, spacious living quarters for students and faculty and conference rooms to fully air-conditioned classes with the latest technology to aid teaching, the new GIM campus does not compromise on quality and features that will ensure a wholesome studying environment.