Computers Incorporated, USA, has expanded its presence in India by taking a minority equity of 24 per cent in Indigo International Inc, a joint venture company that combined the operations of Indigo Technologies and Indigo Technologies India. With this joint venture, Indigo would become Tandem's strategic marketing and support resellers for the fast-growing Indian banking and financial services industries.

Bail plea of Peerless Shipping MD rejected:

The chief metropolitan magistrate in Calcutta on Tuesday has rejected the bail plea of managing director of Peerless Shipping & Oilfield Services Gautam Sen and remanded him to judicial custody till August 19. Sen, who had been apprehended by the enforcement directorate for violating section 8(1) of Fera on July 28, was remanded to judicial custody from July 29 onwards.

CII, DAE forge partnership:

The Confederation of Indian Industries and the department of atomic energy have forged a unique partnership to explore the possibilities of utilising the technologies developed by DAE for mutual benefit.Hindustan Newsprint to set up coal-based plant

:Hindustan Newsprint Ltd is planning to set up a 25 mw coal-based power plant at an estimated cost of Rs 110 crore. The company has prepared a feasibility report and a decision regarding the execution of the project is expected to be taken in the next three to four months.

Jessop officers on en masse leave:

The officers and supervisors of Jessop & Company Ltd are going in for a mass casual leave on Tuesday and Wednesday to protest against the company's delay in giving revised pay and dearness allowance, A K Brahmachari, secretary of Jessop's staff association, said on Monday.

DSQ to pull out of non-core areas:

The Rs 320-crore DSQ group (formerly Square D), is planning to pull out of certain industries in an attempt to focus on software and agro-related areas, which have been identified as the group's `core competencies'..KSEB-HCC row to delay Lower Periyar project:

The Lower Periyar hydel project, on which the Kerala State Electricity Board has pinned high hopes, is unlikely to be commissioned before the year 2000, unless the raging row between the board and the Hindustan Construction Company is settled.

Elpro International to pay Rs 3 a share:

Elpro International Ltd has recommended a dividend of Rs 3 per share for 1996-97. This is despite a poorer performance in 1996-97 as compared to the previous year. While sales and other income fell to Rs 4,721 lakh (from Rs 5,306 lakh), profit before tax was Rs 683 lakh (Rs 1,125 lakh in 1995-96) and profit after tax Rs 198 lakh (Rs 490 lakh in 1995-96).

Copyright © 1997 Indian Express Newspapers (Bombay) Ltd.