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Manappuram Finance gets RBI nod for Bain Capital joint control

Financial Express Kochi

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February 15, 2026

MANAPPURAM FINANCE HAS received the Reserve Bank of India’s (RBI) final approval for the proposed acquisition of joint control and 41.66% shareholding in the company’s paid-up equity capital and convertible instruments by Bain Capital.

- NARAYANAN V

In March 2025, Bain Capital, through its affiliates BC Asia Investments XXV and BC Asia Investments XIV, had committed to invest about 4,385 crore to acquire an 18% stake at ₹236 per share. The transaction also triggered a mandatory open offer to purchase an additional 26% stake from public shareholders at ₹236 per share. Bain Capital’s stake post-investme

Financial Express Kochi से और कहानियाँ

Financial Express Kochi

RIL arm inks deal with Nigerian group

RELIANCE CONSUMER PRODUCTS (RCPL), the FMCG arm of Reliance Industries, on Monday said it has signed a definitive agreement to form a majority-owned joint venture with Nigerian conglomerate Tropical General Investments Group.

time to read

1 mins

February 17, 2026

Financial Express Kochi

US to cut reciprocal tariff this week: Commerce secy

INDIA’S CHIEF NEGOTIATOR TO VISIT THE US NEXT WEEK

time to read

2 mins

February 17, 2026

Financial Express Kochi

Exports of marine items increase 15% in Apr-Jan

DESPITE BEING HIT by the high US tariffs, India’ marine products exports increased by over 15% to $7.17 billion in April-January 2025-26, due to a huge surge in shipments to several new markets such as Vietnam and the European Union (EU), according to commerce ministry officials.

time to read

1 min

February 17, 2026

Financial Express Kochi

JSW MG lines up ₹4,000 cr to triple its India capacity

FIRM TO FUND INITIAL PHASE OF EXPANSION VIA INTERNAL ACCRUALS

time to read

2 mins

February 17, 2026

Financial Express Kochi

Akash Ambani showcases Jio's tech platforms

PRIME MINISTER NARENDRA Modi visited the Jio Intelligence Pavilion at the India AI Impact Summit 2026,where he reviewed a range of Al-powered models and solutions.

time to read

1 mins

February 17, 2026

Financial Express Kochi

Eurozone finance chiefs seek bigger role of euro

BENEFITS OF SINGLE CURRENCY

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1 mins

February 17, 2026

Financial Express Kochi

Unesco flags governance, inclusion gaps in AI readiness

WHILE INDIA'S

time to read

1 min

February 17, 2026

Financial Express Kochi

Youth unemployment rate rises to 14.7% in January

Joblessness in urban areas at 7%

time to read

2 mins

February 17, 2026

Financial Express Kochi

'Al is now driving early disease detection'

ANKIT MODI, FOUNDING MEMBER & CHIEF PRODUCTS OFFICER, QURE.AI

time to read

2 mins

February 17, 2026

Financial Express Kochi

Desi AI: A blueprint for leadership

ANTHROPIC'S RELEASE OF Claude Cowork and Claude Code triggered a sharp dip in Indian IT stocks, signalling a vastly changed technology ecosystem. India’s manpower-intensive services companies are clearly under threat from artificial intelligence (AI), anda transition to an intellectual property-driven future leveraging Alis now an existential necessity. When confronted in Davos recently with the label “second-tier AI power”, Union Technology Minister Ashwini Vaishnaw gave a thoughtful riposte, laying out a layered AI taxonomy and arguing that leadership in many of the layers makes India decidedly not second tier. While this assertion is sound, the underlying anxiety is real—Indians aspire to a indigenous or desi AI that is an unequivocal global leader. The key question about realising this aspiration is not if the government should be involved, but how. We answer this through a careful examination of historical successes and failures in governance of technology development—from Tokyo to Washington, and from Centre For Development Of Telematics (C-DoT) to United Payments Interface (UPI).

time to read

3 mins

February 17, 2026

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