IndusInd International Holdings And Invesco Complete Formation Of Asset Management Joint Venture In India

IndusInd International Holdings Limited (“IIHL”), the promoter of IndusInd Bank, and Invesco Ltd. (“Invesco”) announced today that they have completed the formation of their asset management joint venture (“JV”) following IIHL’s acquisition of a 60% ownership stake in Invesco Asset Management India (“IAMI”) following all regulatory approvals and closing conditions. With Invesco retaining the balance 40% stake, both IIHL and Invesco will hold joint sponsor status under the regulatory framework.

 

As of September 2025, IAMI is the 16th largest domestic asset manager in India with combined onshore and offshore (through advisory) average assets under management of INR 148,358 crores for the quarter ending September 2025 and a presence in 40 cities across the country.

 

Mr. Ashok Hinduja, Chairman, IIHL, said, “At IIHL, we are very enthused with this JV with Invesco, to augment our para banking portfolio by including Asset Management, and be a global financial (BFSI) powerhouse by 2030.   This is the most opportune time, when India, on the back of rising income levels, favourable demographics, offers enormous investment prospects to all Indians, the diaspora included. We will endeavour to reach the last home, last investor transparently and efficiently and live up to investors' expectation that mutual fund sahi hai”

 

Mr. Andrew Lo, Chief Executive Officer, Asia Pacific at Invesco, said: “Our India business has seen solid growth in the last nine years. We now look forward to the partnership with IIHL to further expand our distribution capability in the domestic market.  As always, our focus will remain squarely on industry-leading investment offerings and service for our India clients with compelling global and domestic investment capabilities.”

 

Speaking on the announcement, Mr. Saurabh Nanavati, CEO, Invesco Asset Management (India) said: "We are pleased to announce the completion of this strategic transaction. This joint venture represents the coming together of Invesco’s global expertise in asset management and IIHL, facilitating its deep local market presence. Together, we aim to strengthen our reach and expand distribution, especially in Tier 2 and Tier 3 towns, thereby making quality investment solutions available to a wider set of investors across India. We also aim to increase our presence and offerings through GIFT City, SIFs, Passive Products and Digital channels.”

 

Both partners contribute their respective strengths to the venture, with Invesco offering its global investment management expertise and product range, while IIHL will support, through its promoted entity and subsidiaries, a robust distribution network comprising over 11,000 touchpoints across India and serving a customer base of 45 million. IIHL will also deploy the reach of several associate entities of its global shareholders that offer synergistic business operations to widen the customer base by another 50 million.

 

There will be no change in IAMI’s focus on investment excellence and exceptional client service. The JV will continue to operate under the same management led by Saurabh Nanavati, with the same disciplined and research-driven investment philosophy and processes that have been central to its investment offerings since 2008, ensuring strong continuity for investors, distributors, and other stakeholders. 

 

Motilal Oswal Investment Advisors acted as the exclusive financial advisor to IIHL. Crawford Bayley and AZB acted as legal advisors to IIHL & Invesco, respectively.

 

Founded in 1993 under the visionary leadership of the late Shri S.P. Hinduja and his three brothers, IIHL is an investment holding Company well-regulated by the Financial Services Commission, Mauritius, under a Global Business License and is governed by the Board of Directors.  Its investment portfolio under various Regulatory jurisdictions comprises Banking Services (IndusInd Bank, IIHL Bank & Trust Limited- Bahamas), Capital Market Assets (Afrinex Exchange Limited, Mauritius, with a cumulative listing of $13.5bn of underlying securities). Recently, it acquired the Insurance Businesses (Life, Non-Life, and Health) along with the Securities business of Reliance Capital Ltd to augment its portfolio.

 

IAMI began operations in India in late 2008 with the acquisition of Lotus India Asset Management Company and has since grown to serve over 2.9. million retail investor folios and over 48,000 empanelled distributors, with over 70% of its AUM in equity and equity-oriented assets. Invesco also operates an enterprise centre in Hyderabad employing more than 1,700 staff across a range of global support functions, including information technology, investment operations, finance, compliance, and human resources.

 

About IndusInd International Holdings Limited (www.indusindinternational.com)

Originally versed in the banking sector, IndusInd has, over the years, invested in a wide range of financial services across several jurisdictions. With a USD 1.2 bn net asset value as of September 2025, IIHL is dedicated to value creation for its global shareholders by maintaining this dynamic growth through ongoing investment and acquisition of high-value assets. IIHL’s vision is to be a Global Financial Services Institution with a commitment to excellence in international orientation, innovation, speed, and strict compliance with the principles of good corporate governance.

 

About Invesco Asset Management (India) Private Limited

Invesco Asset Management (India) is one of the leading asset management companies in India. With over INR 148,358 crores of average assets under management for the quarter ending September 2025 across Mutual funds, PMS and Offshore Advisory, we serve the investment needs of individual investors, corporates and institutions through mutual funds and sub-advised portfolios. Our expertise extends across equity, fixed income and alternative asset classes, where we offer the complete range of funds designed to suit investment needs. IAMI’s aim is to provide top-class financial care, impeccable service and best-in-class investment products. For more details, visit: www.invescomutualfund.com

 

About Invesco Ltd.

Invesco Ltd. (NYSE: IVZ) is a global independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. With offices in more than 20 countries, our distinctive investment teams deliver a comprehensive range of active, passive and alternative investment capabilities. For more information, visit www.invesco.com/corporate

 

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

Akshayakalpa Organic Launches High Protein Milk, Strengthening Its Functional Dairy Portfolio

* The Company's Targets To Cross ₹550 Crore In Annual Revenue.

* The new high-protein & lactose-free milk builds on Akshayakalpa’s commitment to clean, functional nutrition and supports India’s growing demand for healthier protein choices~

Akshayakalpa Organic, India’s leading certified organic dairy brand, announces the launch of its High Protein Milk, further expanding its high-protein portfolio that already includes the High Protein Paneer and Peanut & Ragi-based snacks. The new variant is part of the company’s ongoing efforts to make clean, functional nutrition accessible to Indian consumers.

 

Protein deficiency remains one of India’s most significant nutrition challenges. According to the Indian Market Research Bureau (IMRB) nearly 73% of Indian diets fall short of daily protein requirements, and most consumers remain unaware of the importance of adequate protein intake. Akshayakalpa Organic’s High Protein Milk seeks to close this gap by offering a clean, convenient, and natural source of protein that aligns with modern lifestyles.

 

Produced from fresh organic cow milk and developed using ultrafiltration technology, the new High Protein Milk delivers 25 grams of protein per 250ml serving, with a lactose-free formulation. The milk is free from antibiotics, preservatives, and added hormones. It is designed to be gentle on the gut and easy to digest, offering consumers a healthy option that can be consumed directly from the pack or used in smoothies, cereals, and beverages.

 

Speaking during the launch, Mr. Shashi Kumar, Founder and CEO, Akshayakalpa Organic, stated, “Protein is one of the most critical nutrients for long-term health, yet most Indian diets do not provide enough of it. With the launch of our High Protein Milk, we are strengthening our commitment to clean, functional nutrition. Our goal is to make high-quality protein accessible to every household, not as a supplement, but as part of everyday food. This product represents our belief that nutrition, sustainability, and purity can coexist in every drop of milk we deliver.”

 

Building on the previous launch of its High Protein Paneer, Akshayakalpa Organic continues to strengthen its functional dairy range, which also includes lactose-free milk, yoghurts, probiotic curd, and fortified high protein paneer, peanut and ragi snacks, each developed with a focus on purity, safety, and science-backed nutrition.

 

Over the past few years, Akshayakalpa Organic has established itself as one of India’s fastest-growing clean food enterprises. By year-end, the company aims to surpass the ₹550 crore annual revenue milestone, recording 40% year-on-year growth driven by rising consumer demand for organic and functional foods. Today, Akshayakalpa Organic works with over 2,700 certified organic farmers across Karnataka, Telangana and Tamil Nadu. It serves more than 3 lakh individual customers in Bengaluru, Chennai, and Hyderabad through its direct deliveries, quick commerce and retail stores.

 

The company’s growth has been anchored in its focus on sustainable dairy farming, where farmers are at the core of its ecosystem. By combining organic farming practices with innovation in nutrition and food technology, Akshayakalpa continues to build a resilient model that benefits both consumers and producers.

 

With the launch of High Protein Milk, Akshayakalpa Organic reaffirms its vision of transforming India’s dairy industry through products that combine organic purity, scientific innovation, and quality nutrition. 

The High Protein Milk will be available from November 3, 2025, across Bengaluru, Hyderabad and Chennai, and can be ordered exclusively through the Akshayakalpa App and on Swiggy throughout November. It will also be available on BigBasket, Blinkit, Zepto, First Club and through select retail dealers in key markets starting in December 2025.

Karnataka Kicks Off Its Deep Tech Decade With ₹600 Crore Investment — Future Makers Conclave To Lead Charge At BTS 2025

Future Makers Conclave to Bring Together Startups, Investors and Innovators at BTS 2025

• FMC to be the flagship highlight of BTS 2025

• Official logo of Future Makers Conclave unveiled

• Focus on AI and DeepTech startup innovation

• Government Announces ₹600 Crore for Karnataka’s Deep Tech Decade

• State in discussions with VCs to expand DeepTech & AI fund to ₹1,000 crore

• Investors to announce new AI funding commitments

Ahead of the much-awaited 28th edition of the Bengaluru Tech Summit (BTS 2025), scheduled from 18 to 20 November 2025 at the Bangalore International Exhibition Centre (BIEC), the Department of Electronics, IT & Bt, Government of Karnataka, organised a press interaction today to announce the Future Makers Conclave (FMC) — a first-of-its-kind initiative and a major highlight of this year’s Summit. 

The meeting was graced by Shri Priyank Kharge, Hon’ble Minister for Information Technology, Biotechnology and Rural Development & Panchayat Raj, Government of Karnataka; Dr. Manjula N, IAS, Secretary, Department of Electronics, IT, Bt & S&T, Government of Karnataka; and Shri Rahul Sankanur, IAS, Director, Dept. of Electronics, IT & Bt and Managing Director, KITS, Government of Karnataka. 

The Future Makers Conclave, scheduled for 20 November 2025, will be a vibrant convergence of over 10,000 founders, entrepreneurs, investors, mentors, and ecosystem leaders. Designed as a high-energy celebration of innovation, FMC will serve as a showcase for India’s most promising AI and DeepTech startups. The programme will include show-and-tell sessions by emerging technology ventures, keynotes by celebrity speakers, unicorn founders, investors, and industry captains. 

Government Announces ₹600 Crore for Karnataka’s Deep Tech Decade

Speaking on the occasion, Shri Priyank Kharge announced the Government’s ₹600 crore investment commitment to power the Deep Tech Decade, aimed at positioning Karnataka as the DeepTech Capital of India.

 

“This initiative reflects our vision to create a robust DeepTech pipeline supporting entrepreneurs working on technologies such as AI, ML, quantum computing, advanced manufacturing, robotics, and sustainability-driven innovation,” said Shri Kharge. “The Government of Karnataka is investing ₹600 crore in DeepTech and AI under this initiative and is in discussions with leading venture capital firms to create a joint fund of up to ₹1,000 crore dedicated to DeepTech and AI startups in the State. Our blueprint is ready, and we are serious about being global players in the technology landscape.”

 

The ₹600 crore investment in Deep Tech includes: 

• ₹150 crore for DeepTech Elevate Fund, with a special focus on AI and frontier technologies.

• ₹80 crore under the Elevate Beyond Bengaluru Fund to promote startups in Mysuru, Mangaluru, Hubballi-Dharwad and Kalaburagi.

• ₹75 crore through the KITVIN Fund for equity-based investments in DeepTech and AI startups,

with funding between ₹50 lakh to ₹2 crore.

• ₹48 crore for new incubators and accelerators at IIT and IIIT Dharwad and Kalaburagi.

• ₹110 crore for business incubators in higher education institutions, nurturing early innovation and entrepreneurship across 11 institutions already cleared by the Cabinet.

He further stated that the Government will explore fund-of-funds and co-investment models with the VC ecosystem to ensure continuous capital flow and scalability across the DeepTech value chain.

 

Future Makers Conclave: Global Innovation Platform

Shri Priyank Kharge highlighted that the Future Makers Conclave will be India’s largest entrepreneurship platformfor young innovators and disruptors from across the globe. For the first time, the conclave will feature international participation, with global startups showcasing innovations in India while Indian startups present their technologies for global markets.

 

“Future Makers Conclave will be a confluence of entrepreneurs, venture capitalists, corporate mentors, and future innovators,” said Shri Kharge. “The participation of global stakeholders will serve as an accelerator for startup ambitions and demonstrate Karnataka’s aggressive pursuit to be at the forefront of DeepTech innovation across verticals.”

Bengaluru Tech Summit 2025: India’s Premier Technology Event

 

Dr. Manjula N, IAS, Secretary, Department of Electronics, IT, Bt & S&T, Government of Karnataka, highlighted that the move to BIEC has allowed the Government to plan larger and more ambitious programmes such as the Future Makers Conclave. “BIEC offers world-class facilities and excellent connectivity, enabling BTS 2025 to host global participants and deliver an expanded experience for innovators and investors alike,” she added.

The 28th edition of Bengaluru Tech Summit (BTS 2025) will be held from 18–20 November 2025 at BIEC, a modern, purpose-built venue offering world-class infrastructure and eco-conscious facilities. The event will feature:

• 500+ speakers

• 20,000+ delegates

• 1,000+ exhibitors

• 50,000+ business visitors from over 60 countries

Under the theme ‘Futurise’, the Summit will feature ten curated conference tracks spanning AI & DeepTech, Defence & SpaceTech, Electronics & Semiconductor, DigiHealth & Biotech, Energy & Mobility, Fintech, and Edutech.

 

The multi-pavilion exhibition will spotlight innovations across sectors with increased global participation. The Startup Springboard will feature investor pitching, mentoring clinics, thematic sessions, and the Startup Pavilion, offering growth-stage startups critical visibility and investor access.

 

Highlight programmes include the Rural IT Quiz, BioQuiz, Exhibitor Awards, and the Global Leaders Reception.

 

The event also witnessed the unveiling of the official logo of the Future Makers Conclave, released by Shri Priyank Kharge.

 

With its expanded scope, global participation, and deep focus on innovation, Bengaluru Tech Summit 2025 reaffirms Karnataka’s position as the Innovation and DeepTech Capital of India, showcasing the State’s leadership in building technologies and startups that will shape the future.

 

To register for Future Makers Conclave, Visit : www.bengalurutechsummit.com

 

Photo Caption: From Left to Right: Dr. Manjula N., I.A.S, Secretary to Government, Dept. of Electronics, Information Technology, Biotechnology and Science & Technology; Shri Priyank Kharge, Hon’ble Minister for Information Technology, Biotechnology and Rural Development & Panchayat Raj, Government of Karnataka; Shri Rahul Sharanappa Sankanur, IAS, Director, Directorate of Electronics, Science and technology IT&Bt, MD, KITS, Govt. of Karnataka addressing media at a press conference announcing Future Makers Conclave at BTS 2025.

Madhya Pradesh Launches PM Shri Tourism Helicopter Service — First State To Introduce Intra-State Air Connectivity

Regular operations to commence from November 20 across three tourism sectors

Service to be operated under PPP model by Madhya Pradesh Tourism Board

 

Bhopal :

 

Madhya Pradesh has taken a pioneering leap in the field of tourism by launching the PM Shri Tourism Helicopter Service. Chief Minister Dr. Mohan Yadav flagged off the service at Raja Bhoj International Airport, Bhopal, marking a historic milestone as the state becomes the first in the country to establish intra-state air connectivity.

Following the ceremonial flag-off by Chief Minister Dr. Yadav, four helicopters took off for Ujjain, symbolizing the beginning of a new era in regional air tourism. Tourism, Culture, and Religious Trust & Endowment Minister (Independent Charge) Shri Dharmendra Bhav Singh Lodhi was also present at the event. Operated by the Madhya Pradesh Tourism Board, this service will connect the state’s prominent tourist, religious, and wildlife destinations through convenient aerial routes. Regular operations will commence from November 20, 2025, across three key tourism sectors. The initiative has been developed under a Public-Private Partnership (PPP) model.

 

Shri Sheo Shekhar Shukla, Additional Chief Secretary, Tourism, Culture, Home, and Religious Trusts & Endowments, and Managing Director, Madhya Pradesh Tourism Board, stated that the PM Shri Tourism Air Service—launched about a year ago to facilitate air travel for tourists—has already served more than 10,000 passengers. “Given Madhya Pradesh’s vast geography, the new helicopter service is a crucial step toward strengthening air connectivity within the state. This initiative will provide new momentum to tourism and further enhance Madhya Pradesh’s identity on the national and international tourism map,” he added.

 

Operations Across Three Key Sectors

To enhance air connectivity between major tourist destinations, pilgrimage circuits, and national parks, the helicopter service will operate across three tourism sectors. The PM Shri Tourism Helicopter Service will run five days a week in each sector. Under the PPP model, contracts have been signed for a period of three years with M/s Trans Bharat Aviation for Sector 1 and M/s Jet Serve Aviation Pvt. Ltd. for Sectors 2 and 3.

In the initial phase, private operators will deploy helicopters in each sector with a minimum seating capacity of six passengers.

 

Sector 1:

Indore, Ujjain, Omkareshwar, Mandu, Maheshwar, Gandhi Sagar, Mandsaur, Neemuch, Hanuwantiya, Khandwa, Khargone, Burhanpur, Barwani, Alirajpur, Ratlam, Jhabua, Nalkheda, Bhopal, and Jabalpur

Sector 2:

Bhopal, Madhai, Pachmarhi, Tamia, Chhindwara, Sanchi, Indore, Datia, Damoh, Gwalior, Shivpuri, Kuno (Sheopur), Orchha, Guna, Rajgarh, Sagar, Hoshangabad, Betul, Tikamgarh, and Jabalpur

Sector 3:

Jabalpur, Bandhavgarh, Kanha, Chitrakoot, Sarsi, Parsuli, Maihar, Satna, Panna, Khajuraho, Katni, Rewa, Singrauli, Amarkantak, Seoni, Sidhi, Mandla, Pench, Dindori, Bhopal, and Indore

 

An End-to-End Travel Experience

The PM Shri Tourism Helicopter Service promises an end-to-end travel experience for tourists. The journey begins right at the traveller’s doorstep—with a comfortable taxi service to the helipad. Upon landing, hotel accommodations, temple visits, guided tours, and wildlife safaris are all seamlessly pre-arranged. Travellers only need to focus on enjoying every moment of their journey. As part of this comprehensive service, return travel arrangements are also included, ensuring a smooth and memorable experience. With this innovative initiative, Madhya Pradesh has once again reaffirmed its commitment to offering world-class tourism experiences, reinforcing its image as the Heart of Incredible India.

Teach For India To Host High Impact ‘Entrepreneurship Conclave’ On 8th November In Bengaluru

Teach For India, a non-profit championing educational equity, is hosting the ‘Entrepreneurship Conclave’ on 8th November in Bangalore. This unique event aims to bring over 100 social impact entrepreneurs, leaders from diverse segments, funders and investors under one roof. Entrepreneur Conclave promises to be an exceptional platform to collaborate, innovate and build impact-driven action toward solving India’s most pressing social challenges.

 

The day-long event is being organised in collaboration with two of its flagship entrepreneurship programs — InnovatED, which supports early-stage education entrepreneurs, and TFIx, an incubation program enabling local change-leaders to start contextual community-rooted fellowships. The Entrepreneurship Conclave is segmented into various sessions planned through the day ranging from pitching sessions to HNI’s, philanthropists for funding to upskilling workshops, networking sessions and more. The event is an outstanding opportunity for social impact leaders to harness the collective energy of India’s entrepreneurial community, driving change that reaches countless lives.

 

Shaheen Mistri, Founder & CEO, Teach For India, Mentor and Philanthropic Enabler, Ravichandar V. Chairman, Feedback Consulting, Anand Datta, Partner, Nexus Venture Partners, are some of the exceptional leaders and organisations who will be present at the event on 8th November in Bengaluru. 

 

About the Entrepreneurship Conclave: Date: 8th November, Saturday| Time: 10:00 AM – 5:30 PM | Venue: Sabha BLR, Shivaji Nagar, Bengaluru

 

To register for the event, please visit: Teach For India’s  Entrepreneur Conclave 2025  

 

About Teach For India: 

Teach For India is a nationwide movement of leaders working towards ensuring that every child in India receives an excellent education. Driven by the belief that meaningful change happens when we cultivate a collective force of leaders, Teach For India envisions an India free of poverty and filled with love. Our leaders choose education as the path to get there. Over the next decade, the organization aspires to build a movement of 50,000 leaders. They will work collectively, with love, to transform the lives of 1 in 10 children from low-income communities in and beyond Teach For India’s regions. Through its flagship 2-year Fellowship Program, Teach For India places India’s brightest young minds in the most under-resourced classrooms in the country, providing aspiring leaders with the support and ecosystem they need to manifest change at all levels of the Indian education system. Today, 1000 Fellows teach 33,500 students directly in classrooms across eight cities. 5300 Alumni have gone on to establish or co-create organisations that are able to impact 50 million children across India.

Bhartiya Mall of Bengaluru Announces Fun-Filled Children’s Day Special Celebrations This November

Bhartiya Mall of Bengaluru is all set to celebrate Children’s Day with the venue turning into a whimsical wonderland month filled with joyful experiences for children and families. From 7th to 16th November 2025, the mall will come alive with an exciting line-up of entertainment, creativity, and interactive fun.

Children can explore creative art corners, hands-on activity zones, and themed workshops—offering the perfect blend of learning and entertainment. Families can look forward to fun games, interactive sessions, and delightful surprises throughout the celebration, promising memorable moments and endless smiles for kids of all ages.

 

On 14th November, the festivities will feature special performances by jugglers, magicians, stilt walkers, and kids’ favourite mascots, creating a vibrant, carnival-like atmosphere for young visitors.

 

The celebrations will continue with the International Clown Festival on 15th and 16th November at 5 PM and 7:30 PM on the Terraces—featuring heartwarming performances, hilarious acts, and unforgettable moments as world-class clowns spread laughter and cheer through the weekend.

 

This November, Bhartiya Mall of Bengaluru will also become a hub of creativity with a series of Kids’ Workshops designed for children aged 5 years and above. Every Friday evening, young creators can enjoy imaginative, hands-on sessions—from the colourful swirls of Liquid Art and the gooey joy of Slime Making to the elegance of Origami, the earthy charm of Clay Pot Making, and more.

 

On 15th November, children are invited to unleash their artistic talent in a Drawing and Painting Competition, open across three age categories: 5–8 years, 9–12 years, and 13–16 years. All participants will receive certificates, while winners will take home exciting gift hampers.

 

Each session promises fun, learning, and a splash of creativity for all!

 

Event Details:

When: 7th November – 28th November 2025

Where: Bhartiya Mall of Bengaluru, Bhartiya City, Thanisandra Main Road, Bengaluru, KP-560064