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TAFE To Buy Out American Partner AGCO’s 20.7% Stake For $260 Mn
After 65 years, this tractor company will be a fully Indian organization. Chennai-based Tractors and Farm Equipment Ltd. (TAFE) will buy out its partner AGCO Corporation of the U.S. in the company.  The American firm has 20.7% in TAFE. This will be bought for a consideration of $260 million. The two were engaged in a legal fight over Massey Ferguson brand.  The two have now hammered out a comprehensive out-of-court settlement that is sure to bring the curtain down on the spat between the two. Though TAFE holds 16.3% in AGCO, it has decided to stay out of the board and remain a long-term investor. Significantly enough, this comprehensive agreement confirms TAFE as the sole owner of the iconic Massey Ferguson brand in India and two other countries. Two things emerge out of this agreement. For one, it makes TAFE a wholly-owned subsidiary of the Amalgamation group, a 100% Indian firm at that. For another, the decision to stay out of AGCO board gives TAFE the leeway to chart its own business strategy in the international marketplace. Well, the agreement should do a world of good to both TAFE and AGCO.

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Editor’s Note: Short Post Noticed By People Who Matter

Four years have zipped by and we are crossing another milestone on 31st January 2025 – it’s our 4th Anniversary. It feels good.
Looking back at the 1460 days, I must say Short Post has made its mark with people who matter via 4000 stories published in the areas of politics, business, entertainment and sports. All made possible by the unflinching commitment and dedication of our senior editors, most of whom have been part of this journey from Day One.
Small pack, big impact is in essence the story of Short Post which was launched at the height of the Covid-19 pandemic in 2021. It shows our conviction. In all humility, I can say, we have created a new niche in the news segment space like Hindustan Unilever which created a new segment, when it launched CloseUp Gel.
Yes, we have created a brand (in a limited sense), created demand (readers) and created supply (senior journalists). But we are facing teething problems like all start-ups. What makes us happy and confident is the recognition of our efforts. For instance, we have an arrangement with the OPEN Magazine, part of the $4.5 billion Kolkata-based Sanjiv Goenka-RPG Group. This arrangement sees around 10 Short Post stories posted on OPEN Magazine website every week. This arrangement is testimony that our content has been well received! Also, I may add that the Maharashtra government has recognised Short Post and has allowed our senior editor to cover the Assembly sessions. Ditto: Odisha.
Our goal is to ensure that Short Post becomes a habit. I would like people to keep checking their smartphones to know the latest Authentic Gossip. As regards AI and the fear of it disrupting all businesses including media. On that, personally, I have no such fear as I am confident AI cannot smell news particularly Authentic Gossip. That’s the place we are well entrenched.