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CM to hand over land to shipping tech unit
Andhra Pradesh chief minister, K Rosaiah, has agreed to hand over the land already allotted for a new shipping technology unit at Visakhapatnam as and when required. He gave this assurance to shipping secretary, APVN Sharma, who called on him on Saturday.

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UBS warns of Q2 loss; plans to raise $3.5 bn
Swiss banking major UBS is looking to raise 3.8 billion Swiss francs (about $3.5 billion) through issue of fresh shares and has warned of second quarter losses.

News of the day

DoT allots 8 series to Reliance
On account of exhausting mobile phone numbers starting with the digit 9, the Department of Telecommunications has allotted Reliance Communications a new series beginning with the digit 8(055) for its Maharashtra and Goa circle (M&G).
Corporate

Bengal okays creation of 606 new posts

The West Bengal cabinet in a meeting today okayed creation of 606 new posts and filling up of 264 vacancies in different departments, the state"s finance minister, Asim Dasgupta, said. - 'Electorate in West Bengal wants change' - Lalgarh shows why Naxalism is growing - Joint panels to be set up in states for input on GST - Barun Roy: For Tagore"s sake">Barun Roy: For Tagore"s sake - No one"s home - T N Ninan: No one barked">T N Ninan: No one barked The new posts would be created in the education and health departments besides in the West Bengal Civil Service cadre. The vacancies would be filled up mainly in the Land and Land Revenue and Forest departments, Dasgupta said. The state cabinet also expressed satisfaction in fulfilling rice procurement target last year and hoped to surpass the target of 18 lakh tonnes this year. The state government would keep the procurement price at an appropriate level.


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