TAFE

TAFE to buy back AGCO's 20.7% stake for $260 million, retains exclusive Massey Ferguson rights in India, Nepal, Bhutan; ends legal battle and commercial ties

Further to this MoU, it is now evident that a clear separation of ownership and management of businesses is happening between the children of Srinivasan and Mallika

She is known for her achievements in the farm mechanisation and auto component business

According to a Tafe statement, this order will ensure uninterrupted exclusive use of the Massey Ferguson brand in India by the Chennai-based major until the disposal of the suit

Tractor rivals resort to media campaigns to stamp their claim on the iconic brand

Court orders status, say two companies in long-running legal battle over ownership and use of Massey Ferguson

The government has extended the tenure of Mallika Srinivasan as the head of the Public Enterprises Selection Board (PESB) by one year after it made an exception to rules to allow the private sector specialist to continue on the job beyond the cut-off age of 65 years, according to an official order. Srinivasan, Chairman and Managing Director of Tractors and Farm Equipment (TAFE) Limited, was originally appointed as the chairperson of government headhunter PESB in April 2021 for a three-year tenure till April 8, 2024. In March this year, the tenure was extended from April 9, 2024, to November 18 - the date she attained the age of 65 years. PESB is a non-statutory body that advises the government on appointments to the highest posts in Central Public Sector Enterprises. The board comprises a chairman and three members. The term of office for the chairperson and members is three years, or until they turn 65, whichever comes first. The chairperson/members are eligible for consideration o

Stocks to watch: SBI plans to open 600 new branches this fiscal year to expand its reach in emerging residential areas, said its chairman and managing director CS Setty.

Deal size not disclosed; transaction for two sites completed, third likely to close soon

Tractor major to provide tractor, farm implements for rabi season

He reports to Mallika Srinivasan, Chairman, TAFE; two incumbent senior execs elevated

First product is expected to roll out by 2020

The company is upbeat and is expanding its capacity in two of its plants, to meet the increasing demand in the market

The company plans to set up an advanced agri-research centre and six custom hiring centres in the state