Shiv Nadar University is offering a combined dual degree program with CMU, is this true? how can one apply to it?

Yes Wayne! SNU and CMU have come together to offer this program specially to students who wish to study abroad, the course is B. Tech and BS as far as my knowledge goes. It will give students 2 degrees on completion. You will need following assessments before January 2013: SAT Reasoning Test OR AC