Hi Gunjan..
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But i hv come to know that a masters degree is required to do it. As this course will give me a diploma (PGDM) should I hv to do a masters?
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First enquire with your university if your PGDM is equivalent to the Masters.. Most of the PGDM [of two years or more] are considered to be equivalent to the masters degree... [IIMs give PGDM]
Second, there are lots of universities you can do your PhD from, My boss has done it from Bombay University... But in my knowledge most of the top universities offer doctorate facilities...