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JBIMS is also contemplating a new building on campus, the director adds.
The change in name is one among a bunch of plans to give the school a major makeover.
B-schools and HR consulting companies are in agreement over the choppy scenario about jobs for MBA graduates.
The school will build three new buildings including a larger library, auditorium and hostel.
The dairy sector recruited the most number of students from the PGPRM 2012 batch.
CMAT candidates can't understand why test centers in large cities have been allocated at faraway places or why the admits cards need to be attested by gazetted officers. AICTE, however feels that everything is working in perfect synchrony.
The school will use the resources freed by its expired dual-degree programme contract with Canada's Schulich School of Business to accommodate the increased intake.
An unmanned stationery shop, an online book library and a midnight snack store --- all started by students while they were studying MBA.
At the end of the placement process, 83 students had been placed across 40 organisations.
The IITs have also written to the IIMs for free access to CAT scores.