Mahindra acquires 75% stake in Turkish farm-equipment maker Hisarlar

Mumbai: Mahindra and Mahindra Ltd (M&M) has acquired Hisarlar Makina Sanayi ve Ticaret Anonim Şirketi (Hisarlar), a farm equipment company, marking its entry into Turkey, one of the largest markets for farm equipment, the company said in a statement on Friday. As per the transaction, which is expected to close by this April, Mahindra will acquire a 75.1% equity stake in Hisarlar. The association will help in growing the farm equipment business in Turkey and Europe, the company said. Hisarlar is a market leader with 45% market share in soil preparation equipment in Turkey. Hisarlar is a market leader with 45% market share in soil preparation equipment in Turkey.

January 20, 2017 07:15 UTC

Google Tango enabled Lenovo PHAB2 Pro launched in India

What about a Lenovo phone priced cheaper in India than in the US? Lenovo's first smartphone touted to have Google Tango -- Lenovo PHAB2 Pro -- has been launched in India and available for Rs 29,999 exclusively on Flipkart, discounted from its US price of $499 (roughly Rs 33,500) where it was first announced in November 2016. The phone was expected to sell at Rs 40,000 given the usual price difference between two markets. PHAB2 Pro is a 4G smartphone powered by the Qualcomm Snapdragon 652 processor and comes with 4GB RAM and 64GB storage expandable up to 128GB. It features Dolby Audio Capture 5.1 to record surround sound using three microphones deployed on the phone while there is Dolby Atmos playback for surround sound output.

January 20, 2017 07:14 UTC

BMW reveals facelifted 4-series car featuring mild changes : Cars, News

German carmaker BMW has revealed the updated line-up of 4-series cars, the 2-door coupe, the 4-door Gran Coupe and the convertible. The 4-series cars have received a facelift and features cosmetic changes and a few mechanical tweaks. Also Read: BMW 520i First Drive: Is it worth it? Other than the design changes, the new 4-series gets two new exterior colours - Snapper Rocks Blue and Sunset Orange. Also Read: BMW to recall over 1.93 lakh vehicles in ChinaThe 4 series family is not available for sale in India but it makes up an important part of BMW's global portfolio.

January 20, 2017 07:13 UTC

Uttar Pradesh election: Shivpal Yadav figures in Samajwadi Party's list of 191 candidates

The ruling Samajwadi Party in Uttar Pradesh today released its list of 191 candidates for the first three phases of the seven-phase Assembly election starting February 11. Senior Samajwadi Party leader and Akhilesh Yadav's warring uncle, Shivpal Singh Yadav, has also got a ticket from Jaswantnagar. The Samajwadi Party said it will contest 300 of the 403 Assembly seats in Uttar Pradesh, leaving the rest for the Congress. Confirming that there will be no Bihar-style Grand Alliance in Uttar Pradesh, Samajwadi Party's national vice-president Kironmoy Nanda said: "The alliance is only happening with the Congress. The Samajwadi Party will get absolute majority in UP," he added.

January 20, 2017 07:09 UTC

Tamil Nadu to issue ordinance to ensure conduct of Jallikattu

CM urged protestors across the state to withdraw their agitation following the likelihood of the bull taming sport to be held in a "day or two." In a bid to defuse the swelling street protests, Tamil Nadu government on Friday said it will issue an ordinance to ensure the conduct of Jallikattu sport in a day or two and has submitted a draft of it to the Union Home Ministry. On the basis of that it was decided to bring an amendment to the Act at the state level," he told reporters here. "It was also decided to issue an ordinance to make this amendment. After securing a Presidential order, Tamil Nadu Governor can issue an ordinance on the matter, he said, adding, he had asked his senior officials to liaison with their Central government counterparts on the matter by staying put in Delhi.

January 20, 2017 07:09 UTC

AusOpen: Andy Murray enjoys better luck than Djokovic to reach fourth round

Andy Murray defeated Sam Querrey to see Mischa Zverev in next roundAndy Murray eased into the fourth round of the Australian Open with a comprehensive 6-4 6-2 6-4 win over American Sam Querrey on Friday. The raging favourite after champion Novak Djokovic's stunning second round exit on Thursday, top seed Murray also showed no sign of discomfort to the right ankle he twisted in his previous win against Russian teenager Andrey Rublev. Seeking his maiden title in Melbourne after five losses in the final, Murray was made to work hard to close out victory in the third set at the Hisense Arena against the man who eliminated Djokovic from the third round at Wimbledon last year. But the Scot captured the decisive break in the ninth game with some brilliant court movement and wrapped up the match with a big serve to set up a clash against German Mischa Zverev.

January 20, 2017 07:09 UTC

Mindtree slips 3% on disappointing Q3 numbers

NEW DELHI: Shares of Mindtree came under pressure in Friday’s trade following less-than-expected December quarter results the firm reported the previous day.The Bengaluru-based firm has reported 26.7 per cent drop in net profit to Rs 103.1 crore, hurt by cross-currency headwinds, seasonality of business and lower profitability from its Bluefin and Magnet 360 businesses.The midcap IT firm had posted a net profit of Rs 140.7 crore in the corresponding quarter of last year.Following the results, the stock fell 2.76 per cent to hit a low of Rs 471.45 on BSE . At the prevailing price, the scrip is trading at 14.44 times its trailing 12-month EPS and 3.33 times its book value.The company said its revenue advanced 7.1 per cent to Rs 1,295.3 crore in the third quarter, compared with Rs 1,209.5 crore in the same quarter last year.The company added its first client in the $100 million category, while it added one client in the over $10 million category during the quarter gone by.

January 20, 2017 07:06 UTC

Insurance queries answered by Abhijeet Ghosh, Bajaj Allianz Health Insurance

Health insurance options for individuals in higher age groups are scarce in India. You should approach insurers who have health plans for senior citizens. But given the health issues in this case, the insurer will require complete medical history and detailed health check-ups to decide on the policy. If you opt for a family-floater health plan, the difference will be that all family members will be covered under one sum insured. Besides, the premium for the floater plan is usually less than individual sum-insured plans.

January 20, 2017 07:06 UTC

PM Narendra Modi is finally holding babus accountable for governance

After six decades of independence, the Indian bureaucracy had acquired a momentum and work ethics of its own regardless of the party in power. To quote Sir Humphrey Appleby, the civil service was the Opposition in residence. The actions of Modi in 2017 reveal that he is no longer willing to give a long rope to babus, instead he wants to make them accountable. Rather than play favourites as in the past regimes, PM Modi needs to eject the sloth within the Indian civil service and ensure that government schemes are implemented in a time-bound manner. The prime minister should reverse this trend.

January 20, 2017 07:02 UTC

Live streaming, Australian Open, Roger Federer v Tomas Berdych tie: Where to see

New DelhiLive streaming of the big Australian Open men’s singles Round 3 clash between Swiss master Roger Federer and Czech star Tomas Berdych is available online. The last time Roger Federer met Tomas Berdych before the fourth round of a tournament, the Czech was 22 years old and the pair were at the Beijing Olympics. Federer, who tore the meniscus in his knee at the Australian Open, was forced to have surgery after Wimbledon. Following are the details of LIVE STREAMING and LIVE TV:In India, live streaming is available at: For live streaming, you can also go directly to: Open live action can also be seen at: can catch all the action live on TV.

January 20, 2017 06:59 UTC

WATCH: AAP busts some moves to woo Goa youth

They shake a leg and the groove - you just can't ignore themThey say when in Rome... do what the Romans do. That's what the Aam Aadmi Party members decided to do when they started wooing their voters in Goa. Knowing that Goans are a fun-loving lot, party members hired youth to groove to some intense moves as part of a three-kilometre rally between Mormugao (pronounced Murgaon) and Zuari Road. The rally was headed by former India women's hockey team captain Loretta D'Souza, who is campaigning for AAP from this particular constituency. The campaign began at Shafi Masjid in Mormugao and as part of the lead-up, AAP volunteers danced to some traditional music to get people to join them in the rally.

January 20, 2017 06:55 UTC

Cher calls Donald Trump an 'unbelievable narcissist' at New York rally

Veteran singer Cher has bashed US President-elect Donald Trump calling him an "unbelievable narcissist," during an appearance at New York City's We Stand United rally. I'm an elitist lib-tard. I'm an elitist lib-tard whose grandmother picked cotton, whose mother sang on bars when she was eight years old during the Depression. "....I want to tell you who I am so I can tell you what I believe. I have been accused by these people of being so many things, but I understand how the people were so desperate to pick this man, this unbelievable narcissist who could change the face of our world if we let him.

January 20, 2017 06:54 UTC

Donald Trump news: As Trump takes the oath, many voters still can't believe it

As Trump prepares to take the oath of office Friday, many Americans still can't quite believe that a presidency that still seems almost bizarrely improbable becomes a reality on Friday. "For all the country's political divisions, plenty of people on both sides of the aisle share that disbelief. Trump's election felt downright surreal, she said.In the weeks since, "there was always the hope that things will somehow magically become better. But others said they remain so stunned by Trump's election it will be best if they turn away.Tyler Wilcox, a 23-year-old musician in Riverton, Utah, has been dreading inauguration day. He lists his location on Twitter as "Not My President" and is planning to avoid all coverage of the ceremonies.

January 20, 2017 06:52 UTC

Apple is ready to start making iPhones in India -- at a price

Never miss a great news story! Get instant notifications from Economic TimesAllowNot nowYou can switch off notifications anytime using browser settings.

January 20, 2017 06:48 UTC

Etah bus tragedy: FIR filed against school admin, truck driver

The bus was carrying students to JS Vidyaniketan school which had opened flouting the district magistrate's orders to keep all schools up to class VIII closed till Friday. Two FIRs have been registered in the Etah school bus accident case, against the school administration and the truck bus driver. Twelve minor school children and their bus driver were killed and 35 kids injured when their vehicle collided with a lorry amid dense fog on Aliganj- Paliyali road near Etah early Thursday morning. Nath said orders have been issued to cancel the recognition of the school whose manager and principal defied the district administration's directives and opened the school. Eyewitnesses said the truck, coming from the opposite direction at a high speed, hit the bus which overturned under the impact of the collision.

January 20, 2017 06:46 UTC

Trending Today