InCred Capital Strengthens its Investment Banking Leadership Team with Senior Hires
InCred Capital hires Prateek Indwar as Managing Director, Capital Markets, and Hitesh Mandot as Managing Director, Corporate Finance
InCred Capital forays into retail wealth-tech with the launch of InCred Money.
Bharat Serums & Vaccines (BSV), one of the top 10 Biotech companies in India backed by Global Private Equity Fund Advent International, has acquired the Human Pharma business of Chennai based TTK Healthcare. The human pharma division of TTK Healthcare accounted for 25% of total turnover of the company in FY21. TTK’s portfolio, having a strong focus on infertility and…
Ather Energy is one of the leading Electric Vehicle companies in India with over 30,000 vehicles sold to date, and backed by marquee investors such as Hero MotoCorp, Tiger Global and Sachin Bansal. Ather Energy already has a robust retail sales network across the country, with presence in 32 cities with 38 Experience Centres and aims to expand to 150…
Shriram Asset Management Company (Shriram AMC) a part of Shriram Group, is one of India’s leading financial conglomerates with a dominant presence in commercial vehicle (CV) financing, retail financing, chit fund, equipment financing, housing finance, life insurance, general insurance, stockbroking, distribution of financial products, and wealth advisory services with a total client base of 20+ million customers. Mission1 Investments LLC…
Torrent Pharmaceuticals Limited (Torrent Pharma) has acquired Curatio Health Care (I) Private Limited (Curatio), a branded generics company founded by pharma veterans, enjoying a market leading position in the cosmetic dermatology and paediatric dermatology segments. Curatio, backed by marquee PE investors Sequoia and Chrys Capital, has a strong focus in South India through a portfolio of over 50 brands, including…
Averda, the Dubai-headquartered waste and recycling company, has been approved for a $45M Investment Loan from the US International Development Finance Corporation (DFC) for the development, construction and operation of plastic recycling facilities in multiple locations in India & Africa. Founded in 1964 and headquartered in Dubai, Averda is the leading waste management and recycling company in the emerging world,…
InCred Capital, the wealth and asset management arm of InCred Financial Services Ltd (IFSL), is set to raise up to ₹1,000 crore (around $130 million) fund, marking its entry into private credit business to make investments in growth companies, confirmed two executives privy to the development. The category 2 alternative investment fund (AIF) will be filed for approval before the…
Indian drugmakers are betting on new launches to combat prolonged price erosion in the U.S. From Sun Pharmaceutical Industries Ltd. to Alembic Pharma Ltd., companies plan to launch specialty drugs to complex generics to counter pressure in their core portfolio of copycat drugs. Besides focusing on the domestic market. The strategy, underscoring the struggle in the U.S., isn't new. But…
Daily Voice | Don't base your investment decisions on market levels if you want to build robust long-term portfolio, says Mrinal Singh of InCred Asset Management Sectors related to spending on individual mobility, education, leisure, travel, entertainment, consumer durables will contribute to the journey of taking our Per capita income to $4,700 by 2030 which is around $2200 as per…
If you have a surplus of Rs 10 lakh to allocate, it would be wise to hold the surplus in arbitrage funds for the short term and buy on adverse news-related dips into value and banking stocks/funds at this point. Whether it is the COVID-19 pandemic or clouds of the Russia-Ukraine crisis hovering over the markets, one thing remains certain…
The current crisis imposed by the Russia-Ukraine war will undoubtedly impact the financial market. Mrinal Singh, CEO and CIO, InCred Asset Management, explains the long-term effect The markets have experienced a decent correction over the last few weeks mainly due to aggravating geopolitical tensions among Russia and Ukraine. What is your overall assessment of the current market scenario? Such crises…
The disruptions caused by the Covid-19 pandemic might change the composition of Nifty and upheaval could be witnessed in the next two years, according to InCred Asset Management’s Mrinal Singh. “It’s an era of disruption. We may see potentially at least 20% of the companies getting changed in next two years in the Nifty,” Singh, CIO and chief executive officer…
Here are 4 reasons why you should diversify This means that you should be aware of burgeoning global opportunities and seek to position your portfolio in such a way that you can both de-risk your portfolio from domestic shocks as well as harness the value of global investment opportunities. Over the last three decades, India has leapfrogged the average growth…
UP assembly elections are considered a bellwether for the general elections given that the state sends the highest number of Lok Sabha members during the parliamentary polls. The commanding lead of the ruling Bharatiya Janata Party (BJP) in the UP state assembly elections on March 10 has provided a much-needed breather to the optimists on the Street. At 2:10 pm, the BJP…
Indian equity benchmarks Sensex and Nifty50 clocked sharp gains on Thursday. The BSE benchmark index, the Sensex, opened with a huge gap-up of almost 1,600 points at 56,242 and was up around 1,350 points near 56,000-levels. The NSE Nifty had reclaimed the 16,700-level and was up nearly 400 points. The key benchmark indices continued to extend their two-day rally in…
Sensex, Nfity50 cheer as incumbent BJP takes lead in 4 of 5 states; know what experts say the market has welcomed this verdict as both the benchmark indices Sensex and Nifty50 jumped nearly 2.5 per cent. Experts see Uttar Pradesh results setting a precedent for general elections in 2024. With trends showing Bhartiya Janata Party taking lead in four out…
The benchmark indices on the stock market are buoyant with the Sensex up over 1,200 points and the broader Nifty50 crossing 16,670 mark. At 12.15 PM, the BSE Sensex was up 1,208.93 points or 2.21 percent at 55,856.26. The Nifty50 was up 333.50 points or 2.04 percent up at 16,678.85. Top gainers on the Nifty were Tata Motors (+6.48 percent),…
Volatility is expected to continue through the year irrespective of the Ukraine scenario, said InCred Wealth's CEO InCred Wealth's chief executive officer (CEO) Nitin Rao expects the stock market volatility to continue through the year, irrespective of the Ukraine scenario, he said in an interaction with Livemint. If the Ukraine conflict prolongs, even if at a lower scale, what could be the…
The Category III AIF will be a four-year closed-end fund focusing on capex-led growth for the next decade, and will back companies with deleveraged balance sheets, and benefiting from government incentives, low interest rates and increasing domestic and export demand MUMBAI : InCred Asset Management Co., the fund management arm of financial services firm InCred, has launched its second alternative investment…
Investors gained Rs 7.63 lakh crore in wealth after seeing erosion of Rs 13.28 lakh crore Thursday. MUMBAI: Stock indices bounced off from Thursday’s lows, rising 2.5% with the market digesting the Russian invasion of neighbouring Ukraine. The Nifty gained 410 points to close at 16758.40 while the Sensex jumped 1329 points to 55858.42. Investors gained Rs 7.63 lakh crore…
Positive financial results from corporates are supportive of credit strategies From late 2018, credit risk funds had a rough run, under the hammer as they were with payment defaults. The Franklin Templeton crisis worsened the problem in 2020. Investors exited credit risk funds due to worries of more blow-ups happening. But the regulator SEBI and fund managers got their act together. Over the past…
Synopsis “Rise in corporate loan growth is a strong indicator of economic activity. Capex growth is the start of a long runway of an entire set of economic activity in the entire valuation that happened. So this is a very strong indicator and a very good thing for the economy going ahead.” We are a $3-trillion economy and even by…
Interest rates on fixed deposits and savings schemes will continue to be low for some time as RBI has kept policy rates unchanged. Here are some alternatives to fixed deposits The Central Bank of India and UCO bank have increased fixed deposit rates for senior citizens. The move comes a few days after the Reserve Bank of India (RBI) KEPT…
The fund management arm of the InCred Group announced the launch of Emerging Business Fund a Close-ended Category III Alternative Investment Fund that aims to invest in the stocks of India’s growing businesses to deliver superior returns, it said in a statement. The investment is based on the theme, ‘Capex to drive the next decade’. Fund’s focus is on factors…
Synopsis Analysts said sentiment in banks improved after the RBI's guided for lower inflation, which raised hopes that the central bank could resort to less aggressive rate hikes going forward. The RBI retained its key lending rate and maintained an accommodative stance, contrary to expectations of a reverse repo rate. Mumbai: Banks stocks surged on Thursday as traders squared off…
The AIF targets to reap benefits from India’s investment cycle InCred Asset Management, the fund management arm of the InCred Group has launch an Emerging Business Fund that will invest in the stocks of India’s growing businesses to deliver superior returns. The investment is based on the theme, ‘ Capex to drive the next decade’. The Close-ended Category III Alternative Investment…
The fund management arm of the InCred Group announced the launch of Emerging Business Fund a Close-ended Category III Alternative Investment Fund that aims to invest in the stocks of India’s growing businesses to deliver superior returns. The investment is based on the theme, ‘Capex to drive the next decade’. Fund’s focus is on factors making current environment most favorable…
MUMBAI: Fund-based selling largely in frontline and large-cap stocks wiped out Rs 2.95 lakh crore in investor wealth. Benchmark indices Nifty fell by 302.7 points to 17213.6 while the Sensex tanked by 1024 points to 57621. FIIs sold a provisional Rs 1,157 crore on Monday, taking their sales in February to Rs 9,936 crore and in the fiscal year so…
Inflation is perhaps one of the most known words in economics simply because of the widespread ramifications that it can have at a macro as well as at a household level. Simply put, inflation measures the general increase in the price of goods and services, over a specific period. At a macro level, it has significant bearing on the monetary…
Finance Minister Nirmala Sitharaman has announced the Budget 2022, and there has been mixed reactions to it. We covered the budget announcements via live blog, and highlighted the top 5 announcements that every entrepreneur should be aware of. Let’s find out how India’s top entrepreneurs & CEOs have reacted to the budget announcements, right here! Mr. Dinesh Khara, Chairman, SBI “The budget…
Synopsis India's benchmark indices advanced 1.2% to a two-week high on Wednesday, mirroring strength in global markets. A slowdown in foreign fund selling in the past two days also helped equities extend gains for a second straight day as investors took the spike in bond yields triggered by the Budget announcement of higher-than-expected capex outlay for FY23 in their stride.…
Cryptocurrency to be Taxed, No Change in Income Tax Slabs Income Tax Announcements Budget 2022 LIVE Updates: Will Nirmala Sitharaman rejig the income tax slab to provide some relief to middle class taxpayers? Answer shortly. Union Budget to Start at 11 am Today Income Tax Slabs, Budget 2022 LIVE Updates: Salaried middle class wants finance minister Nirmala Sitharaman to announce…
Budget 2022 Expectations LIVE Updates: There are a lot of expectations from Budget 2022 as people from various walks are pinning high hopes on the Modi government's decisions and announcements on various sectors. Budget 2022 Expectations LIVE Updates: The Union Budget 2022-23 is all set to be presented by the Union Finance & Corporate Affairs Minister Nirmala Sitharaman on 1st February, 2022…
Synopsis In the case of Bank Nifty futures, traders rolled over 84% of the January contracts against the three-month average of 83%, said analysts. Traders carried forward bullish positions in state-owned banks on expectations of an increase in foreign direct investment (FDI) in the upcoming Budget. The market-wide rollover stood at 90% against the three-month average of 92%. Mumbai: Traders…
Synopsis Technical analysts expect the Nifty to fall further in the week before the FY23 Union Budget on February 1. Analysts said the Nifty could fall to 17,300 if it breaks the support of 17,500. Last week, the indices fell 3.5% — logging their worst weekly performance in eight weeks — amid concerns over inflation and the US Federal Reserve’s…
Stock market experts expect the start of fiscal consolidation in this budget All eyes are on the announcement of Budget 2022 that will be introduced in the Parliament on February 1 by Finance Minister Nirmala Sitharaman. Stock market experts said that the market expects further momentum to reforms and growth in the upcoming budget. “Both economic reality and political exigencies may nudge…
Synopsis For the working class, Vinit Bolinjkar, Head of Research at Ventura Securities is expecting a work from home (WFH) allowance and revision in the standard deduction. NEW DELHI: The forthcoming Union Budget could see Financial Minister Nirmala Sitharaman announcing plans to ignite India's capex cycle while, at the same time, laying out the roadmap for fiscal consolidation. A higher…
Synopsis Pankaj Pandey, Head – Research at ICICIdirect, said he remains constructive on Nifty50 and Sensex, expecting them to trade with positive bias in the run-up to the Union Budget. NEW DELHI: With Union Budget 2022 less than three weeks away, an ETMarkets poll of a dozen brokerages suggest the ongoing pre-Budget rally on Dalal Street could continue and record…
Srivastava added that the move could be preceded by a 150-200 point correction on Nifty. Agreed Rajesh Palviya, technical head of Axis Securities. MUMBAI: Tuesday’s move, which saw the Nifty and Sensex continue their rally, has led to some analysts forecasting a retest of the record high of the broader Nifty, from their earlier view of it being a short…
There are many challenges that could affect the loan approval of the students aspiring to go abroad and transfer of funds overseas if not handled well. The inflation in the education sector is much higher than the rate of price rise in many other sectors. Despite this, demand for higher education abroad is rising significantly and so is the demand…
A total of 4.68 crore shares were traded on Tuesday against the three-month daily average of 2.84 crore, NSE cash market data shows. MUMBAI: Traders have built up huge positions on the Zee Entertainment Enterprises Ltd (Zeel) stock counter with the 90-day period for merger talks with Sony Pictures ending on December 21. The traders are anticipating the two companies…
Synopsis Having fallen 10% from the lifetime highs recorded in mid-October, technical analysts see the benchmark indices sinking further, with the Nifty likely to slide to its 200-day moving average level - a technical indicator which is read as a long-term trend indicator as it represents the average price over the last 200 days, that roughly equals the number of…
A clutch of Indian companies have turned increasingly vocal about their inflation concerns, setting the stage for raising prices that could test the central bank’s resolve to keep borrowing costs lower for longer to support the economy. Companies from Hindustan Unilever Ltd., the Indian arm of Unilever Plc, to Nestle India Ltd. have pointed to profit-squeeze from higher input costs and supply chain…
As long as interest rates are low, investors will continue to prefer equities as an asset class, believe experts Net flows into equity mutual funds rose to a four-month high of ₹11,615 crore in November on a strong SIP book despite extreme volatility in markets. Equity schemes have been witnessing net inflows since March this year, highlighting the positive sentiments…
With the stock market on the rise, now is the right time to understand what makes derivatives special and how they can work for you. Derivatives primarily function as an effective hedge against cash investments. However, the stock market surge has sharpened interest in derivatives trading as a speculative tool, with lots of retail investors choosing to invest in futures…
Synopsis European markets edged higher on news that a third dose of the Covid-19 vaccine produced by Pfizer and German partner BioNTech could fend off the Omicron variant. US stocks too rose but gave up a portion of their early gains. At home, the perception of risk in the market abated further, with the Volatility Index (VIX) declining 6.5% to…
Synopsis Overseas investors remain in selling mode, but fund managers handling money of the rich are advising investors to deploy cash in select stock market themes after the recent correction. Most of them are bullish on corporate banks, housing and telecom sectors. Mumbai: Overseas investors remain in selling mode, but fund managers handling money of the rich are advising investors…
When global markets witnessed a sell-off last week and FPIs pulled out a net of Rs 30,255 crore ($4 billion) over eight trading sessions, DIIs counter-balanced this by emerging as net investors. Domestic institutional investors (DIIs) have emerged as a bulwark against foreign investors, which comes as a reassurance for retail investors in India. When global markets witnessed a sell-off…