India, April 6 -- The state government on Saturday announced the conversion of the Jamnalal Bajaj Institute of Management Studies (JBIMS) into an autonomous management university. Chandrakant Patil, minister of higher and technical education, made the announcement on the diamond jubilee celebration of the institute. Patil also announced the appointment of industrialist, Ajay Piramal, who is also a 1977 batch alumnus, as a one-man committee to undertake a study for the establishment of the university.

The University of Mumbai's (MU) JBIMS, one of India's premier management institutes, is celebrating its diamond jubilee on Saturday and Sunday at the Sir Cowasjee Jehangir Convocation Hall.

Patil, who was the chief guest at an event termed ...