The Mortgage Banker’s Association (MBA) announced earlier this week that Jonathan L. Kemper, current President and CEO, will be stepping down on December 31, 2008. According to the same MBA statement, during Kempner’s seven years with the MBA, the association doubled its revenues and operating reserve fund.

“This has been an extremely intellectually stimulating and rewarding period in my professional life,” said Kempner. “Navigating the highs and lows of the real estate cycles, with a first rate leadership and wonderful membership, afforded me a rare opportunity to contribute to one of the most important industries in our society. I am very proud for the extraordinary staff I have helped assemble at MBA, as my colleagues’ dedication, intelligence, and expertise make a true difference in the overall quality of life for many Americans. MBA’s mission, I am convinced, will be enhanced with new leadership, and on a personal level I very much look forward to a new position of leadership myself after nearly eight wonderful years at MBA.”

Kieran P. Quinn, MBA Chairman of the Board of Directors had this to say of Kempner, “Jonathan has been an exceptional leader for MBA. He has led a major transformation in our operations, and put in place a first rate staff that is widely acknowledged to be one of the most effective in the Washington association world. He has poured his heart and soul into MBA with the highest degree of professionalism, integrity, and devotion to our members, and always with a personal warmth and sense of humor. The entire MBA family will miss him.”

Quinn also announced that John A. Courson, former MBA Chairman, will become their COO effective August 1, and will assume the position of President of MBA, effective January 1, 2009.

Quinn said that, “John Courson brings tremendous industry knowledge, business savvy, and political skills to MBA. John has worked tirelessly on behalf of our industry for more than 40 years. He has been an advocate ensuring safe and affordable housing for all Americans and for simplifying the mortgage process. We are lucky to have John join MBA and steer our association to represent the real estate finance industry as we continue to build America’s communities.”

Courson, who currently serves as Chairman of the Board of Directors of the California Housing Finance Agency, served as Chairman of MBA in 2003 and as a member of MBA’s Board of Directors, the Residential Board of Governors (RESBOG) and the Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG).]

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MUMBAI, India — Rediff.com India Limited (Nasdaq: REDF), one of the leading worldwide online providers of news, information, communication, entertainment and shopping services for Indians, announced the appointment of Rashesh C. Shah as an Independent Director to its Board. Mr. Shah has also been appointed as a member of the Audit Committee.

Mr. Shah is currently CEO of Edelweiss Capital Limited. He also serves on the Boards of several Edelweiss subsidiaries and other companies. Edelweiss Capital is a leading financial services company based in Mumbai, India, whose businesses include investment banking, securities broking and investment management.

Mr. Ajit Balakrishnan, Chairman of the Board at Rediff.com India Limited said, “I am delighted to welcome Rashesh to the Board. He joins us with extensive experience and strong financial skills generated from his career in the financial services industry. His expertise will be of great benefit to the Board.”

Mr. Shah is an MBA graduate from the Indian Institute of Management, Ahmedabad, and holds a Bachelor’s degree in Science from the University of Bombay. He is also a Diploma holder in International Trade from the Indian Institute of Foreign Trade, New Delhi.

The resolution of the Indian Institute of Management, Calcutta (IIMC), the approval of Human Resource Development (HRD) Ministry’s decision to tax reduction. A party of officers and some members of the Faculty have questions about the legality of the resolution seriously regard the date only a few days before the Supreme Court, the electoral process and uncertainties.

The Faculty of IIMC has a resolution of its own chairman of the board that Mr. Deveshwar is aware that the legality of the 164 Meeting on March 26, 2004 has been questioned during the meeting and even later. The decision of the IIM, Bangalore does not allow inadmissible in session replacement with another type of institutional response. The Faculty of clarifications should consider whether the fee cut, to actually lie IIMC.

The Faculty resolving issues such as VR-president would have such a decision, if the case is sub judice and the Supreme Court took a new public interest litigation, because the government of India was not ready for a written commitment on the autonomy of IIMS.

The Cochin University of Science and Technology (CUSAT)-Chess Club, in collaboration with the University of Cochin European Union organize 17 Cusat international rating chess tournament at the School of Management Studies, Cusat, 24 June to June 30.

Chairman of the Board of spices CJ Jose opens the tournament on Friday. A clerk Cusat Ramachandran is chaired the meeting.

About 250 players, including 15 girls, will compete in the 10 round Swiss system tournament with players as the title defender and International Master-RR Laxman, and D PDS Girinath harika.

National besäte players Ratnakaran, TJ Sureshkumar, MB Muraleedharan, Alex Thomas, OT Anilkumar, and AK Jagadeesh UC Mohanan have already confirmed their participation in the tournament.

The winners will receive a cash prize of R 15000, while the runners up receive Rs 10000 A chess for school children is also at the inaugural meeting of the day.

The resignation drama still dog the first National Institute for the creation of rural Manager - Institute of Rural Management, Anand (IRMA). According to its chairman, Verghese Manoirs threatened to resign during a meeting of the validity of its position, Director of K-Institut Prathap Reddy has proposed a step that indicates he did not have been in the “Vitiated the atmosphere.”

In a letter addressed to Chairman of the Board subcommittee on issues of governance, Irma, Reddy said that the “Director’s Office has been systematically undermined by the President of office assets with agreements on some faculty members” .

He also accused Manoirs’s Executive Assistant PA Joseph “discipline the establishment of the faculty and staff” and “threatening”, according to fall.

The Committee, which is also National Dairy Development Board and president of Amrita Patel industrial Vijay MAHAJAN as members, was to become familiar with charges of irregularities against Reddy.

Recently, a meeting was convened by a circular Manoirs seeks to transfer powers of the Director of the organization, increasing a number of issues. Board meeting, if stormy Manoirs the presidency has been questioned on the basis of a mandate by the Assistant Commissioner of Charity Anand. Manoirs even offered to resign.

Transformation of the conduct - the highest form of conduct - a little care in the country, while we need in all areas, “Chairman of the Aditya Birla Group, Kumaramangalam Birla, said in his address at the graduation ceremony of the 2003 class of the Indian Business School (ISB), on Saturday.

“We can not wait 10 years for things falling into force. We need transformation as a leader in all sectors of the country. For my taste, Lee Kuan Yew, former president of Singapore, transformed the country, a small nation on a colonial economy flourishing and the Tibetan spiritual leader the Dalai Lama are the two best examples of the transformation of driving licence, “said Kumaramangalam Birla.

Provides concept of transformation, Birla said: “This is the highest form of conduct. Some of the features of the transformation of leaders caring for individuals, to quickly recognize good ideas and the ability of the spirit of mind. You also have the opportunity, Do something new, if the situation requires. ”

ISB Chairman of the Board and McKinsey & Company MD, Rajat Gupta, said: “The young leaders now seem very keen to quickly obtain positions of head and often ask me how they spend their careers. I think we should always try to learn many things and contribution in areas outside the workplace. There must be a better manager and should try other people successfully. If you do, new opportunities and others to help you achieve your goals. ”

The graduation of 169 certificates were students of the class of 2003 by Kumaramangalam Birla. The school has the ISB’s Scholar Awards of Excellence “to two students - and Aditya Aarthi Ramesh Singh - for the greater rate qualities.

Seventeen students, whose qualities were placed in the league top 10 percent were in the “Dean’s List.” Altogether, 12 students have received scholarships USCI, including an exemption of 50 percent .

Calcutta: Business leaders of tomorrow need to protect the interests of their companies with the greatest needs of society to help develop the country economically, YC Deveshwar, Chairman of the Board of Governors at Indian Institute Management, joka said monday.

“Who should have a social purpose,” said Deveshwar and also address the convocation of the Institute. “The interest of the organization should be subordinated to the interests of society,” he said. “Companies need, apparently for the divergent interests of stakeholders, so that society benefits.

Deveshwar, who is also chairman of tobacco giant ITC Hotels Ltd, said the country had a long way to go Economic ensure that the living conditions of populations improved.

“Fifty years after independence, 26 per cent of our population lives below the poverty line,” he said. Deveshwar, said the key to making the economy was ahead in innovation and thinking out of the box.

“What is the rate overseas is not necessarily applicable here,” he said. “It is not enough to benchmark against the best in the world. They have contributed to the creation of new evaluation criteria was to advise the Deveshwar’s graduates.

Confederation of Indian Industry Tarun The Director General said India possessed one of the best talents in the world. But the problem lay in the fact that Indians are often not function properly and therefore did not have the same results as their colleagues elsewhere.

“The eagle, learn to fly in a formation,” he said, and refers at the same time that the challenges in the future store managers. Having said that entrepreneurship should also be utilized so that the country could grow at a faster pace. India-economy, is projected to grow only 4.4 percent during the year, one percent less than last year.

Hundertachtzig-five students have obtained their postgraduate diploma in management (PGDM), Puneet Singh on Monday, the safeguarding of the first rank Anchal Jain and the second in two years. The certificates were presented PGDCM graduate courses and evening, of course, in management.

The Board of Governors of the Indian Institute of Management Indore (IIM-I) today decided to charge the same fees for the academic session since 2004-05, it was during 2003-04.

IIM-I-Chairman of the Board and Director Dr SP BN Kalyani paradise Shar told journalists after a meeting attended by 13 members that the costs IIM-I in the year 2003/04 continues for the meeting academic, in June 2004, with the provision for duty on the basis of financial support.

On the need to develop an approach based on financial support, she says, “The IIM-I will ensure that no post Graduate programme (PGP) student would have difficulty in pursuing training IIM-I the need for financial resources. ”

The board decided that each student, family, whose income is less than two lakhs by RS anum, would be to get a grant in the amount of full tuition renouncing proof of income.

The Indian Institute of Management, Ahmedabad (IIM-A) on Saturday decided not to increase the fee for the next academic year.

“The IIM-A Board of Governors decided not to increase the charge of the Post-Graduate Management Program for the next academic year, director of the Institute Bakul Dholakia told reporters.

“The fees for the coming years remain the same as the current year, which is the same as in 2003-04. The amount is Rs 1.58350 ($ 3600),” Dholakia said.

There has been speculation in the media, that most famous of six IIMS hike in the country, the fee for the next academic year, as some other IIMS had recently done.

“We have no locus standi to other IIMS,” said the chairman of the Board of Governors NR Narayana Murthy.

Dholakia, but added: “The IIM Kozhikode, for example, has been investigating Rs 1.00000, there is room for streamlining.

He said that the Institute had RS budget of 10 million need for its scholarship program, so that the IIM-A has been training for all components of society.

Murthy, who is also head of information technology giant Infosys mentor, …

Leaders DEVELOPMENT: Chairman of the Board of TA Pai Management Institute KK Pai opening of the interface industry-Day ceremony at the Institute of Manipal on Saturday.

Manipal: Manager, Corporate fire Wipro, Saturday Madakshira Sundar said that the radical ideas should be encouraged by business schools and industry to facilitate the progress and development.

He spoke on a podium discussion on the national workshop on “Contribution of the B-schools in the design of the development of career aspirations of youth” as part of the industry TAPMI day organised by the ‘interface of the TA Pai Management Institute (TAPMI), click here.

Mr. Madakshira told not radical ideas came from students who had existed MBA courses. Business schools is expected that students think differently, but still many students find it difficult, presentations without remedy.

Advisor management Keshava Murthy GS said that B-schools were good managers, but most of them are not ready for work in areas such as agriculture, roads and railways.

It is the stagnation of agriculture, although agriculture and infrastructure development are important areas, most B-pupils and students opting for the sectors of finance and information technology, said Murthy.