Training & Event Management - ERROR while creating a Business Event

Dear All,

My issue is - i have created my Business event groups n event types. when i right click on BET (or PV10) and create With/WIthout resources i am unable to save. i.e. i am unable to create a Business Event. when i click on save the screen doesnt get saved and the business event is not created under BET.

But the icon pops at the Location. i have created few Locations via OOLC too

Is there any setting iam missing?? Request your help to get this resolved.

Thanks

Priya R