InCred

According to InCred Equities analysts, the average return on equity (RoE) of about 16-17 per cent that State Bank of India (SBI) has delivered in recent years is seen as unsustainable

A key factor influencing the change in target price is ABB India's disappointing order inflow, which missed expectations by 24 per cent, highlighting potential challenges in the near-term

Asian Paints' consolidated net profit attributable to the owners of the company declined 23.3 per cent year-on-year (Y-o-Y) to Rs 1,110.5 crore in Q3FY25, down from Rs 1,447.7 crore in Q3FY24

Tata Motors' consolidated profit for Q3FY25 fell 22.4 per cent year-on-year (Y-o-Y) to Rs 5,451 crore, from Rs 7,025 crore in Q3FY24

Despite the strong export performance, the overall Q3 results were seen as somewhat lacklustre, leading to mixed reactions from brokerages

The launch of new features comes as the Bengaluru-based firm looks to expand its suite of financial products for its user base pegged at 14 million

InCred's target price translates into 30.7 per cent downside in the share price from previous close of Rs 721.15 per share.

As an agent institution of BBPS, the company processed over Rs 15,000 crore in bill payments across banks in July

According to analysts, Tata Elxsi's revenue growth was led by ramp-up of deals in the transportation vertical but was offset by softness in the media and communication

Funding winter shows, cheetahs too lose steam

InCred Finance, a non-banking financial company (NBFC), said its loan portfolio is spread across segments such as consumer loans, education loans, and small and medium enterprise (SME) lending

The round saw participation from ultra-high-net-worth individuals (HNIs), Family Offices, and institutional investors such as Varanium Capital Advisors and Sattva Group

Fintech firm InCred has turned unicorn after raising USD 60 million in a funding round from new and existing investors. Following the fresh capital infusion, InCred has been valued at USD 1.04 billion and has become the second company to gain unicorn status this year, the company said in a statement. The Series D round was led by Ranjan Pai of MEMG, who invested USD 9 million followed by Ravi Pillai, Chairman at RP Group of Companies, and Ram Nayak, Global Co-Head of the Investment Bank and Head of Fixed Income & Currencies at Deutsche Bank, who invested USD 5.4 million and USD 1.2 million, respectively. The fundraise also saw participation from several large ultra-high-net worth individuals and Family Offices, as well as institutional investors like Varanium Capital Advisors and Sattva Group, it said. "This funding marks a significant milestone in our journey and takes us into the ranks of Unicorns. We are deeply grateful for the overwhelming support our investors have ...

Do not leave the money idle, redeploy it in high-quality fixed-income instruments

Incred Finance noted that its personal loans portfolio was in the regular personal loan segment, with an average ticket size being over Rs 2,00,000

Latest funding round values company at $1.05 bn

The company plans to allocate 75 per cent of the net proceeds for purposes such as onward lending, financing and the repayment of existing borrowings, including interest and principal

There are green shoots of recovery in rural demand, which is likely to benefit rural heavy consumer staples and two-wheelers for instance

InCred Alternative Investments on Friday launched its first equity long-short open-ended fund with a targeted asset under management of Rs 1,000 crore. The liquid alternative investment fund aims to follow a multi-strategy quant approach to help generate superior risk-adjusted returns and risk metrics compared to debt-plus funds and indices over the medium to long term, the company said in a statement. The fund seeks to generate alpha returns independent of market volatility and intends to deploy a spectrum of long-short strategies across futures, options and special situations for appropriate diversification, Bhupinder Singh, founder and Group Chief Executive Officer of InCred, said. Rishi Kohli, Managing Partner & Chief Investment Officer - Hedge Fund Strategies, InCred Alternative Investments, said this is their first long-short fund based on a quantitative model-driven approach with a blend of futures long-short, relative value and index strategies across various time ...

Executive played a role in expanding firm's credit and capital markets products in Asia-Pacific