This decision was taken in the Board of Governors meeting held on December 23, 2008. The new stipend policy provides Rs. 20,000 to Rs. 24,000 per month and a Rs. 20,000 annual contingency grant.
Students are also provided a one-time grant for field study, laptop grant and a fully supported international conference attendance anywhere in the world.

Rishav Jain and Shipra Bhalla from SP Jain Institute of Management and Research, Mumbai emerged victorious in the prestigious Annual Debate Competition organised by Business Today.

The Jury consisted of the Chief Economist of the Aditya Birla Group (ABG), the Editor of Business Today (BT), Publishing Director Business Today and CEO and Founder of Naukri.com.

She will take on the mantle from May 1, 2009 and in the process will succeed one of the countrys most admired CEOs -- Mr. K V Kamath.

The conference examined, evaluated and analyzed some of Indias biggest challenges and opportunities.

Speaking at the session, Mr Nandan Nilekani, Executive Co-Chairman, Infosys Technologies, named the first of the big opportunities as the demographic dividend, which is that for the next 30 years the largest percentage of population in India will be of youth. But if we are not able to use this opportunity, the energy, discontent and anger of the youth can also turn it into a disaster.

During the festival, a conference with the theme of Young Guns and Pioneers will host young super-achievers, who followed their vision and succeeded at a very young age.
These young pioneers include Suhas Gopinath, Sachin Pilot, Saloni Malhotra, and Naveen Tiwari.

World Chess Champion Viswanathan Anand, addressed management students and professionals simultaneously across 19 cities in the country on Management Strategy, through NIIT Imperias Synchronous Learning Technology. Organized as a part of NIIT Imperia Leadership Series, Anand shared his insights on how to excel in business by using the strategies and moves applied in Chess.

Represented by Ram Shankar and Shobhit Bhatnagar, the IIMC team, winners of the East Zone finals, met their counterparts from SIBM Pune, IBS Bangalore and IIM Lucknow in the final showdown that was hosted on Saturday, December 13 at the Taj Palace in Delhi.

Initially scheduled to be on November 29 at the Taj Mahal in Mumbai, the event was postponed and relocated after the terrorist attacks at that hotel.

Yale-Great Lakes Research Conference

Yale-Great Lakes Center for Management Research and Great Lakes Institute of Management will be jointly holding the 3rd International Research Seminar on Winning Management on Sunday, December 21, 2008 in Chennai .

The agreement was signed on Thursday, 18 December 2008 by Dr. Atmanand, Dean, School of Energy Management, MDI, Gurgaon and Ms Sumita Misra, IAS, Director, Haryana Renewable Energy Development Agency (HAREDA).

Haryana Power and Public Health Minister Mr. Randeep Singh Surjewala was present during the signing ceremony. Mr. N.K.Singh, MP, Chairman, MDI Board of Governors, also attended the function.

Thats the message coming from Professor Jean-Pierre Lehmann, Professor of International Political Economy, IMD Lausanne, Switzerland & Founding Director of the Evian Group while he addressed a group of business executives gathered at the seminar organized by NIIT Imperia.