Tag «IDFC»

TranServ secures Series C investment of USD 15 Mn from IDFC, Micromax, Nirvana and Faering Capital

Scalability and profitable unit economics helps TranServ secure investments Mumbai, 26 April, 2016:TranServ, a leading digital payments company,has closed an investment of USD 15 Mn . The Series C funding round is being led by IDFC SPICEFund, a domestic venture capital fundmanaged by IDFC Asset Management Companyand Micromax Informatics, one of India’s top consumer electronics …

Day 4 of weakness: HUL, ITC drag Nifty below 200-DMA

29th July, 2013 : Comments by Amar Ambani, Head of Research, India Infoline    Day 4 of weakness: HUL, ITC drag Nifty below 200-DMA  The benchmark indices extended their losing streak to the fourth straight trading session on Monday. So intense was the selling pressure that the Nifty very swiftly violated its critical 200 Daily …

Nifty sinks below 6,000 on RBI liquidity scorcher

 24th July, 2013 : Comments by Amar Ambani, Head of Research, India Infoline  Nifty sinks below 6,000 on RBI liquidity scorcher Yet another couple of measures by the Reserve Bank to prop the rupee in less than 10 days left the Indian equity market running for cover on Wednesday. The central bank on Tuesday after …

Terrible Tuesday: Sensex, Nifty suffer collateral damage!

16th July, 2013 : Comments by Amar Ambani, Head of Research, India Infoline    Terrible Tuesday! Sensex, Nifty suffer collateral damage   It was a terrible Tuesday with the stock market witnessing serious collateral damage. The benchmark indices crashed in opening trade after the Reserve Bank on Monday announced measures to tighten rupee liquidity. In …

Infy beats street; Nifty closes above 6000

12th July, 2013 : Comments by Amar Ambani, Head of Research, India Infoline  Infy beats street; Nifty closes above 6000 It was another day of stellar gains for the Indian equity market. The benchmark indices continued their upswing on day two on strong set of results by Infosys. The IT bellwether reported an about 4% …

Nifty tips 5900; pares gains on weak global cues

5th July, 2013 : Comments by Amar Ambani, Head of Research, India Infoline  The Indian equity market managed to build on Thursday’s gains extending its winning streak to the second consecutive day. The Nifty closed above 5,850 while the Sensex shut shop above the 19,400 mark, a gain of 0.5% each. The Nifty briefly touched …

Falling Re, rising crude sink Nifty below 5800

3rd July, 2013 : Comments by Amar Ambani, Head of Research, India Infoline  Falling Re, rising crude sink Nifty below 5800 The Indian equity market ended in the red, extending its losing streak to the second consecutive day. It started weak and continued that trend with the surfeit of negative news. Any signs of a …