Business
Sales up, profits down at Indian Toners
May 23, 2019
Remanufacturing market remains challenging as toner imports from China and Malaysia eat into Indian Toners margins. Sales at Indian Toners & Developers (ITDL) rose 4.85 percent to Rs 28.78 crore ($4.13 million/ €3.7 million) while net profits declined 33.19 percent to Rs 4.67 crore ($670,000/ €600,000) in the quarter ended March 2019 as against Rs […]
Xerox shareholders approve reorganisation
May 23, 2019
Xerox announced that shareholders approved its proposal to adopt the merger agreement pursuant to which Xerox expects to implement a holding company reorganisation. Holders of approximately 99.7 percent of common shares present and voting at Xerox’s annual meeting, representing approximately 77.0 percent of the company’s total outstanding common shares, voted in favour of the proposal. […]
