How does calibrating syllabus based on the requirements of the industry happen?
Specifically, for teaching computer science, information systems and software engineering you can refer to model curricula provided, e.g., by the ACM. An advantage of such curricula is that they result from a joint effort of the universities and companies. For instance, the Graduate curriculum for Sofware Engineering lists contributors from General Motors, IBM, Lockheed Martin, Ford, Nokia, Avaya and the Department of Defense: http://www.gswe2009.org/fileadmin/files/GSwE2009_Curriculum_Docs/GSwE2009_version_1.0.pdf

Of course, the ACM curricula are but a proposal and every univerity has to try and find the right balance between industrial and academic needs. However, comparing your curriculum with the ACM guidelines can reveal interesting patterns.