Actually two honors according to this news report:

 XLRI has bagged the prestigious Dewang Mehta Business School Award 2008 for the “best academic input (syllabus) in human resource”.
This is not the only award that the institute bagged in the prestigious award ceremony. Jeetu Singh, a professor of human resource management and organisational behaviour of the institute, was adjudged the “best teacher in human resource”.
“This is the first time XLRI has bagged Dewang Mehta Business School Award. This is one of the business schools, which has now come to the forefront,” said R.L. Bhatia, a senior functionary of the Dewang Mehta Foundation that organises the business awards.
“Awards like these will encourage the morale of not only the faculty but also the students. It is a kind of appreciation for the work we do,” said P. Venugopal, dean (academics), XLRI.
“The information had come almost as a surprise to us. Although teaching cannot be judged by awards, it can be considered one of the ways of recognising the teachers,” said Jeetu Singh.