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GE seeks sale of security unit
General Electric Co (GE) is seeking to sell its security unit, which builds surveillance cameras and alarms, and may fetch about $2 billion, people aware of the details said.

Striking government
It wasn’t just ordinary passengers who suffered the brunt of the recent Air India strike. West Bengal Finance Minister Asim Dasgupta came to Delhi to attend a meeting on Goods and Service Tax (GST) with finance ministry officials. After which, he met Finance Minister Pranab Mukherjee. While Mukherjee’s office had kept an hour for the meeting, Dasgupta was in a hurry and spent just half the time since, with the Air India flight cancelled, he had no option but to leave on the earlier flight of a private airline.

News of the day

Chess #618
TOP SEED Boris Gelfand edged Ruslan Ponomariov to take the World Cup and a place in the next Candidates. Gelfand held his nerve after the four normal games were drawn without much excitement. Gelfand won the second rapid tiebreaker and lost the fourth. Then, he won the second blitz, lost the third and finally won the fourth and last blitz game.
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PPT files case against owners of sunken vessel

BS Reporter / Kolkata/ Bhubaneswar October 12, 2009, 0:30 IST The Paradeep Port Trust (PPT) authorities have filed a case against the owner of the sunken vessel Black Rose, its management company and also the Kolkata-based shipping agency Sea Trans Marine Private Limited for submission of fake documents and non-cooperation in retrieving oil from the vessel, which sank near the port a month back. Jan cement sales in high double-digit Pravat Nanda, secretary, PPT lodged an FIR with the marine police station in Paradeep against the Singapore-based Black Rose Maritime Limited, the vessel owner, PANCAR Shipping Limited, the vessel"s management company, also based out of Singapore and Sea Trans Marine Private Limited. Tejraj Patel, the inspector in charge of the marine police station said, police has registered a case against the owner, management company and agency of the sunken vessel on Friday under Sections 419, 467 and 471 of the Indian Penal Code. Sources said the sunken vessel was without any valid document. Even the insurance papers submitted by the vessel owner were found to be fake. Nimain Panda, president, Paradeep Port Mazdoor Congress said, “these irregularities have been done with the knowledge of Sea Trans Limited. The ship has no Protection & Indemnity Club certificate and it was only registered under the South England Association in which there is a wreck-removal clause.” “It was astonishing that that the insurance coverage of the ship was from July 11, 2008 to February 3, 2009. The insurance was not valid when the ship capsized. High percentage of moisture in the loaded cargo of the vessel is one of the causes for the mishap”, he added.


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