SHRADDHA SRIMAL of IIM-Indore won the flagship event of IRIS-06 ‘Ashwamedha’ and the 1.5-lakh prize money. This is the largest individual prize money given in any B-School event.
The finals were held on day three of ‘SBI-IRIS-06’ at Indian Institute of Management, Indore (IIM-I), on Saturday. Other games that were held included ‘Oikonomia’, ‘Papyrus’, ‘Cerebrate’ and prelims and finals of ‘Bank On Us’. The fresh game for the day included ‘Ronin’.
One winner will emerge out of 30 contestants claiming glory, the horse (trophy) and the prize money in ‘Ashwamedha’. The participants were tested on strategy, role-play, problem solving, mental mettle and physical strength. The final winner passed through evaluations from the best of academia and industry experts. This year Dr Vijay Menon, an alumnus of London School of Economics, was the chief mentor.
The finals of ‘Oikonomia’ involve a computer simulation game with a screen for additional information and live news. The game was played over a span of five virtual years, with short recesses in between. ‘Oikonomia’ checks basic fundamentals about taxation, deficits and budgets. Teams were exposed to continuous external as well as internal news snippets regarding their economy, on the basis of which they are to make decisions.
‘NCDEX Papyrus Finance’ paper presentation contest covered two key functional areas of finance and information technology. The papers were a study on impact of foreign players (mainly hedge funds and mutual funds) on the commodities market and of corporate bond markets in the country.
The winning teams will receive prize money of Rs 15,000 and Rs 8,000. ‘Bank On Us’ is designed to simulate the look and feel of the banking world, where the team represents a bank provided with working capital.
It is expected to conduct business like setting interest rates, opening new branches and ATMs, biding for corporate loans and raising money, all within framework of existing RBI guidelines. The team with the highest amount of post-tax profit will be declared winner.
‘NCDEX Cerebrate Finance’ aims at analyzing, deliberating and finding solutions to financial problems of the corporate world. The winning teams will receive prize money of Rs 15,000 and Rs 8,000. ‘Ronin- the lone wolf’ presented as part of ‘line-77-the ultimate quiz’ game is a two-phased quiz on famous audio/visuals. The winning team takes away a cash prize of Rs 15,000.