XEROX
Bengaluru techie wants to start side business with Rs 3-5 lakh capital. Garbage recycling or courier franchises, tea, pani puri, momos stalls?
An engineer recently revealed how he was torn between enthusiasm to open a business and pragmatism, as he did not have enough capital. Taking to Reddit, the techie who was based in Bengaluru asked the commenters to suggest business ideas which did not require a great deal of money to invest, that involved low risk, yet had a demand in the market. The comment section ranged from serious opinions to downright hilarious.
Ursula Burns was ready to leave Xerox for Dell. Then one phone call changed her career path
Ursula Burns joined Xerox as an engineering intern in 1980 and nearly left for Dell during the company’s financial crisis in 2001. A phone call from board member Vernon Jordan persuaded her to reconsider. Eight years later, she became Xerox CEO, succeeding Anne Mulcahy.
US companies get creative as tariff refunds start flowing in
In the wake of US Supreme Court's ruling against import tariffs, US businesses are reaping the rewards with refunds. They're channeling these funds into rising operational costs and bolstering employee retirement plans. Some are even extending their financial relief to vendors. Consumer companies are seizing the chance to offer more affordable products and discounts, providing much-needed support to cost-sensitive consumers during this period.
Xerox to acquire printer maker Lexmark for $1.5 billion
Xerox agrees to acquire Lexmark International for $1.5 billion, including debt. The deal, set to close in the latter half of 2025, aims to streamline operations and enhance market presence in Asia and Latin America. Expected $200 million savings stem from consolidating sales, marketing, and procurement efforts.
Xerox to buy printer maker Lexmark from Chinese owners in $1.5 bln deal
Xerox will acquire Lexmark International for $1.5 billion to increase its presence in Asian markets and better compete in the printing industry. The deal is expected to close in the second half of 2025. The combined company will serve over 200,000 clients in 170 countries. Xerox expects the acquisition to boost profits and save $200 million annually.
Xerox signs $1 billion IT services deal with TCS and HCLTech
The development comes months after both TCS and HCLTech announced expansion of their deals with the Connecticut-headquartered company. Its new deal with HCLTech is worth $590 million for five years, while that with TCS is for $490 million over seven years, Xerox said in its filing with the US Securities and Exchange Commission this week.
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HCLTech extends 15-year-old partnership with Xerox
HCLTech said in a filing with BSE that it will leverage automation, product and sustenance engineering and process operations services, along with its advanced full-stack GenAI platform, HCLTech AI Force.
Xerox pencils $355 million as tech spends for 7-year TCS deal
Xerox disclosed in a filing in the US that it has a commitment with Microsoft for $125 million and with SAP for $45 million for the same duration under this multi-party agreement.
TCS expands partnership with Xerox for transformation programme
Tata Consultancy Services (TCS) has expanded its strategic partnership with Xerox to execute an end-to-end transformation program. Xerox also has an outsourcing deal with HCLTech, signed in 2019, and plans to reduce its workforce by 15 percent as part of a 'reinvention' strategy.
Xerox to cut 15% of its workforce in the first quarter of 2024
In a news release, the company said it would reduce its global staff, which included roughly 23,000 employees in 2022, and name a new leadership team.
Xerox considers takeover offer for HP
Xerox, which a day before agreed to jettison a slice of a venture with Japan’s Fujifilm Holdings for $2.3 billion, may be angling to take over the world’s largest maker of personal computers after China’s Lenovo Group. Any deal would buttress its share of the printing and copying market, which has been hard-hit by the global move toward cloud computing.
Xerox considers $27-billion takeover offer for HP
Xerox’s board met Tuesday to deliberate a deal that could result in $2 billion of annual cost savings.
HCL Tech gets $1.3 billion renewal deal from Xerox
The incremental contract would be for a period of seven years, said HCL Tech in a press release.
Xerox India looking to improve market share in digital printing segment
Xerox India would look to consolidate further market share in the coming year by increasing value added products in the A3 segment
Xerox names former iGate, Infosys executive Ashok Vemuri as new CEO of its BPO firm
Vemuri, who previously headed IT services provider IGATE Corp from September 2013 to October 2015, will join Xerox effective July 1.
Xerox appoints Ashraf ElArman as MD of its Indian arm
Document management company Xerox today announced the appointment of Ashraf ElArman as Managing Director of Xerox India with effect from June 22.
Ashraf ElArman appointed Managing Director of Xerox India
Documentation solutions firm Xerox today announced the appointment of Ashraf ElArman as Managing Director of its Indian unit, effective June 22.
Xerox India to focus on less power consuming machines
Stating that Xerox is known for being environmental friendly, Rajagopalan said that the company in the last six months alone has launched several products that are power saving.
Xerox India appoints Anurag Gupta Director Customer Service
Documentation solutions firm Xerox today announced appointment of Anurag Gupta as the Director Customer Service Operations (CSO) for India.
Bengaluru hospitals, Xerox Corp working on camera for health check-up
Earlier this month, Xerox invested in a startup called HealthSpot, which builds telemedicine kiosks that can be placed in stores, companies and pharmacies. T
Xerox working with Bengaluru Hospitals to facilitate easy health monitoring
Xerox has installed cameras at Manipal Hospital's neonatal units and is working with physicians there to measure babies' vital signs.
Xerox, Flipkart to sell multibrand A4 laser printer cartridges
Xerox India launched a new range of Xerox laser cartridges, compatible with HP & Canon A4 printers, to tap into the over Rs 2,500 cr A4 consumable mkt (cartridges & toners).
Xerox, Manipal to develop non-contact diagnostics solutions
Xerox has developed image and signal processing algorithms that convert patient video captured from cameras into health indicators such as heart rate.
Xerox India aims for 45% revenue from SMB in three years
Xerox India today said it aims to gather 45 per cent of its revenue from small and medium businesses (SMBs) in the next three years.
Xerox Corp hires 100 key professionals to kickstart growth
In February, Xerox named Rajat Jain as MD with a clear mandate to accelerate growth in India. Local professionals have also replaced expats in four senior positions.
Xerox spends $1.8 b on new ideas every year: Vandebroek
Ms Vandebroek discusses new innovations at Xerox, its research model and the ideas that the company is chasing. Excerpts:
Xerox 2Q profit falls 19 per cent
Xerox Corp's second-quarter profit skidded 19 percent, but matched Wall Street's forecast, as the office-equipment maker was hurt by restructuring charges while its cash-cow supplies and services business hummed along smoothly.
Xerox fights brand misuse, aims to diversify
A Google and a Xerox may have become generic terms for web searches and photocopying, but not every copycat has nine lives on a shelf. Speed up your PC
Xerox showcases new corporate identity
Document management company, Xerox India today showcased its new corporate identity in the country.
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