This is the fine print in IIPM advertisement in Hindustan Times Delhi edition.
(Link via Dilip D'Souza).

IIPM believes that it is the #1 B-School in India in terms of COURSE CONTENT,
GLOBAL LINKAGES & INDUSTRY INTERFACE.
The above rankings don't reflect the same
due to the inferiority complex and intellectually dwarfed unquestioning
attitude that the industry and the media have developed towards the IIMs over
the years. Through its various academic, research, global and industry
consulting activities, mentioned in this ad, IIPM aims to make sure that the
industry and the media develops the intellectual ability to come out of this
unquestioning attitude and accept the reality, very soon.

IIPM surely can be sued on this count alone...the institute as well their reverened director have been exceptionally vocal in tarnishing the image of IIMs.....not that they count or that their views matter.....but what the hell lets just do it for fun