MDI has appointed a search committee to headhunt for the new director. Prof C V Baxi, who has long been associated with MDI, has been named as the acting Director in the interim period.

The reasons for this sudden change at the helm of affairs at this premier management institute could not be ascertained. MDI had made this announcement via a one-line press note stating Prof C V Baxi takes over as Acting Director of MDI w.e.f May 1 2008.

But its leaving no stones unturned in its bid to establish itself as a premium institute of management training. To foster strong ties and to facilitate networking, the first ever Great Lakes Alumni Meet - Delhi Chapter was held on May 9, in New Delhi.
The meet was attended by many Great Lakes alumni including two Assistant Vice Presidents of one of the biggest BPO, Consultants from Indias top 4 IT cos., Investment Bankers, Marketing & Product Managers from manufacturing industry & Sales People from IT.

Invention becomes innovation when a new technology leads to successful commercial concept, said Mr Adi Godrej, Chairman, Godrej Group while speaking on Innovation in Science & technology at the 2nd Symposium of University-Industry Council organized by Confederation of Indian Industry with IIT - Bombay in Mumbai on May 9, 2008.

With updated knowledge and skill-set, India can leapfrog into a global resource for managerial talent. One organization that is playing a significant role this domain is All India Management Associations Center for Management Development (AIMA-CMD).

AIMA-CMD was established to provide working managers and students with new knowledge and to equip them with the best management practices and techniques available in the world.

The report offers a world view of management education while providing a series of recommendations for leaders in academia, business and government.

The partner institutes of One MBA are the Chinese University of Hong Kong, RSM Erasmus University (Europe), Technologico de Monterrey (Mexico), The University of North Carolina at Chapel Hill (USA), and Fundacao Getulio Vargas (South America).

A group of 100 business executives participating in OneMBA program are in Delhi from 17 to 20 May 2008. The group hosted by MDI is visiting various premier industrial establishments in and around Delhi and is exposed to interactions with prominent chiefs of industrial houses and talks by MDI senior professors and academicians.

GMAT is the essential passport to prestigious global B-schools institutes such as Harvard Business School and Kellogg School of Management with more than 2,000 graduate business programs worldwide require candidates taking GMAT to seek admission.

While addressing a CII organized special session in New Delhi on May 8, Dr Prahalad said, In my vision, India of 2022 can emerge as a major force provided it has economic strength, technological vitality and offers moral leadership to the world.

In 2007-2008 IIM-B disbursed Rs. 91 lakhs towards financial assistance. Keeping in mind the increase in fees for the entering batch, the amount budgeted for financial aid this year has been revised to Rs. 1.5 crores.

This paradox can only be solved by providing skill-based education at the grass roots level. These were the remarks made by Mr K V Kamath, MD & CEO of ICICI Bank while addressing the CII Conference on Corporate Social Responsibility in the capital on May 5, 2008.

Said Mr Kamath, With economy growing at a health pace, services sectors like Financial service, retail, telecom, travel, media and several others are offering more jobs than there are takers. But the paradox is that there are lakhs of unemployed youths who suffer from skill deficiency, and are hence unemployable.