Aimed at fostering the spirit of social responsibility and contribution to society they signed a MoUto this effect on April 12.

Established in 1970, IFMR is private B-school that is supported by ICICI and other Indian corporates. It has a strong focus on finance, and offers a 2-year full-time program (Postgraduate Diploma in Business Management), a 1-year full-time program (Postgraduate Program in Advanced Finance) and a 3-year part-time program (Postgraduate Diploma in Business Management). IFMR also conducts Management Development Programs for executives.

It will be presided by Mr. U. K. Sinha, Chairman & Managing Director, UTI Asset Management Company Pvt. Ltd (UTIAMC). The class of 2007 of NMIMS, MBA - Core Program, PGDPM & PGDBM (Family Business) will pass officially graduate.

A total of 425 students were admitted this year, as against 416 candidates last year. The number of student applications increased by a substantial 32 per cent this year when compared with last year. According to ISB, the average work experience for the current batch is 5 years. The academic session for the current batch was kicked off earlier this month.

On the occasion on 23 April, Mr Ashok Varma, President of FORE and Dr Seema Sanghi, Director of FORE School of management also delivered their convocation address, and urged the graduated to apply their learnings to the real business world.

Mr Damodaran honoured the FOREs graduate with scholastic award and medals while Mr Ashok Varma awarded the diplomas to the graduates.

Said Mr M Damodaran, Chairman, Securities & Exchange Board of India (SEBI) in his convocation address at New Delhi based Foundation for Organizational Research and Education (FORE) School of Management, Indian growth story is at center stage of the world, and is creating more opportunities for graduates. This is only the beginning and not the end. You have the opportunity to participate in the Indian growth story.

It is expected that this order will put an end to the longstanding admission impasse for the premier management institution, the IIMs at least for this academic year.

Responding to the Centers plea, in a sharp comment, the Supreme Court bench of Justice Arijit Pasayat and Justice L S Panta said: You (are supposed to) frame the rule and then play the game. But here you are playing the game first and then framing the rule!

The Bench however said it would examine the Centres plea for referring the issue to a Constitution Bench.

Speaking with MBAUniverse.com, IIMs have indicated that they will not release the final admission lists till they receive official word from the HRD ministry.

Speaking with MBAUniverse.com, IIM Bangalore Director Dr P G Apte said, We are waiting for official communication and confirmation from government. We hope to get their clearance in next two or three days. Only then will we release our final admission list.

Several other IIMs have offered similar comments to other media on this issue.

Founded in 2001, U21Global offers management-related programs on the Internet, and has in a short span become one of the top 5 global players as per Financial Times. U21Global currently specializes in Business Management and Information Technology Management programs with MBA as its flagship.

Mr Ashok Verma, President Fore and Dr Seema Sahnghi Director of FSM will also address the convocation. The event will be held at the institutes Adhyatam Kendra where outgoing students will receive their scholastic awards and medals in full time and part time Postgraduate diploma in business management (PGDBM) by the chief guest and award of diplomas by President FORE.

Mr Bhairon Singh Shekhawat, the Honourable Vice President of India, will be the chief guest at the occasion where the outgoing graduates of TISS will receive their diplomas, degrees, certificates and awards.

Mr Shekhawat has been Vice-President of India since August 2002, when he was elected to the five-year term by the electoral college following the death of his predecessor, Mr Krishan Kant. He was also a member of the National Democratic Alliance at the time of his election, and had served three times as the Chief Minister of Rajasthan.