Exam

With this rank, you can surely get seat in the best engineering college of your state. You can also get seat in some NITs, but that won't be good enough or you will not be able to get any nice branch. So, I would suggest you to opt the engineering college of your state.

Material you are using for preparation of CAT, should be sufficient Arun Sharma/ Sarvesh Verma for Quant, Logic, DI, VA, Word power made easy by Norman Lewis, Wren and Martin etc. And, of course solve as many Mocks.

In Globsyn Business School you require a minimum of 50 percentile for both the entrance exams.

The rank is just quite ok, but according to the cut offs it seems quite difficult, but anyways you can try till second session of counselling. Hope for the best.
The teaching faculty is very nice. You feel very much comfortable with the learning experience there.

Commerce background students are not eligible for MBA in IIT's . Last year cutoff varies category wise and final list depends upon your performance in GD-PI as well. Cutoff for general- 92 and for OBC -85.

Firstly, make you physics and maths strong for the written test. Start reading newspaper to get knowledge about current affairs. General knowledge portion is scoring one, so make sure you get good score in that.
Solve last year question papers and refer to books available for entrance exam of air fo