GO DIGIT NEWS
![Rise in cyber threats make companies go for unified security command](https://img.etimg.com/thumb/msid-111396990,width-100,height-75,resizemode-4/jobs/hr-policies-trends/rise-in-cyber-threats-make-companies-go-for-unified-security-command.jpg)
Rise in cyber threats make companies go for unified security command
As the digital world expands, demand for cybersecurity leaders grows. Organizations recognize cyber risks can lead to financial losses, reputational damage, and threaten public safety. This surge drives demand for cyber insurance across sectors like finance, healthcare, and technology. Senior cybersecurity roles are crucial, requiring deep technical knowledge, business acumen, and skills in regulatory compliance.
![Is it a case of ‘no bad news is good news’ for IT companies now? Rahul Jain answers](https://img.etimg.com/thumb/msid-111155758,width-100,height-75,resizemode-4/markets/expert-view/is-it-a-case-of-no-bad-news-is-good-news-for-it-companies-now-rahul-jain-answers.jpg)
Is it a case of ‘no bad news is good news’ for IT companies now? Rahul Jain answers
Rahul Jain of Dolat Capital says that the guidance for the current fiscal has been very weak in the case of the IT companies that give explicit numbers, be it Infosys or HCL Tech. And if they do not surprise positively during the earnings season, all the momentum can gradually fizzle out.
![Here is a list of what Motilal Oswal Mutual Fund bought and sold in May](https://img.etimg.com/thumb/msid-111144120,width-100,height-75,resizemode-4/mf/analysis/here-is-a-list-of-what-motilal-oswal-mutual-fund-bought-and-sold-in-may.jpg)
Here is a list of what Motilal Oswal Mutual Fund bought and sold in May
Fund houses make rebalance portfolios for active management. Here is what Motilal Oswal Mutual Fund bought and sold in May, according to monthly data released by Prime Database.
![Go Digit hits second year of profit in FY24, shares surge](https://img.etimg.com/thumb/msid-110942821,width-100,height-75,resizemode-4/tech/startups/go-digit-hits-second-year-of-profit-in-fy24-shares-surge.jpg)
Go Digit hits second year of profit in FY24, shares surge
The company's shares were up nearly 10% in the early trade on Wednesday, the stock closed at Rs 341,75, up 1% from the previous day. In the last quarter of FY24, Go Digit reported Rs 2,336 crore worth of gross premium collected, up 19.4% from Rs 1,955 crore in the prior quarter. For the full year, the company collected Rs 9,016 crore in premiums, marking a 24% rise from Rs 7,243 crore in FY23.
![Unpacking Go Digit’s earnings; PEs in IPO-bound firms](https://img.etimg.com/thumb/msid-110944620,width-100,height-75,resizemode-4/tech/newsletters/tech-top-5/go-digit-results-pe-investors-in-ipo-bound-companies.jpg)
Unpacking Go Digit’s earnings; PEs in IPO-bound firms
Go Digit General Insurance reported its second consecutive full year of profit in fiscal 2024. This and more in today’s ETtech Top 5.
![Large, mid and smallcap stocks that mutual funds bought and sold in May](https://img.etimg.com/thumb/msid-110934146,width-100,height-75,resizemode-4/mf/mf-news/large-mid-and-smallcap-stocks-that-mutual-funds-bought-and-sold-in-may.jpg)
Large, mid and smallcap stocks that mutual funds bought and sold in May
Mutual funds bought stocks worth Rs 477 billion in the Indian secondary market in May. They added largecap stocks like HDFC Bank, Kotak Mahindra Bank, Infosys, and reduced stakes in Bajaj Finance and Hindustan Aeronautics.
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Go Digit shares rally 10% after reporting Q4 PAT soars 104% YoY
Go Digit General Insurance shares surged 10% to a record high of Rs 372.35 after reporting robust Q4 results. PAT soared 104% YoY to Rs 53 crore. Q4 gross written premium rose nearly 19% YoY to Rs 2,336 crore. FY net profit jumped 405% to Rs 182 crore, with gross written premium up 24.5% YoY to Rs 9,016 crore.
Nifty hits fresh record high, Sensex soars 500 pts on gains in IT stocks; Fed outcome in focus
Indian shares kicked off Wednesday's trading session on a positive note, driven primarily by gains in IT stocks. The market anticipates the release of a crucial U.S. inflation report and the Federal Reserve's policy decision, both of which are likely to impact near-term interest rate trends.
Stocks in news: IndiGo, Go Digit, Castrol India, IOL Chemicals, Wipro
Domestic markets stabilize post-elections. IndiGo stake sold. Go Digit reports profit. Wipro rolls out Lab45 AI Platform. Icra receives demand order. NHPTL approves share transfer. TCS launches IoT lab. IOL Chemicals gets CEP certificate. Castrol MD change. TVS signs contract.
IPO gold rush for investors; second-hand EV sales sputter
Happy Monday! Investors in new-age startups are set for huge gains as these firms list on the public markets. This and more in today’s ETtech Morning Dispatch.
85 smallcaps offer double-digit returns in action-packed market week
It was a turbulent week in the market as investors went through a whirlwind of emotions. There was an initial surge in optimism after the exit polls, followed by a sharp downturn on election results day, and then a remarkable rebound. The bounce-back after the election results led to a significant recovery across various sectors, with 85 small-cap stocks registering double-digit gains for the week.
Crypto marketplace Bakkt weighs potential sale, breakup
Bakkt, offering a range of services such as trading and custody, enters the market amid growing consolidation in the digital-asset sector, as crypto prices approach record highs. While some firms consider expansion, others are still recovering from the industry-wide meltdown two years ago.
Economictimes.com holds the throne in April, maintains a comfortable lead in business & financial news segment
The Economic Times website tops April Comscore India rankings with 46.6 million visitors, solidifying its position as the leading source for business news.
RBI MPC meeting next week: What investors should expect
The RBI's upcoming MPC meeting on June 7, 2024, is expected to maintain interest rates amidst a stable inflation scenario post Lok Sabha election results. The focus will be on global and domestic factors impacting the economy.
Shogun is a strong favorite to grab an Emmy? Here's what we know
Since 'Succession' and 'Better Call Saul' are out of the picture, Shōgun is shaking the trees hoping for an apple-like award to fall through. 'Slow Horses' and freshman entries may also get a chance at grabbing an Emmy.
Go Digit’s D-Street debut; Honasa Consumer Q4 financials
Shares of Go Digit General Insurance started trading on the stock market Thursday. More on this in today’s ETtech Top 5.
Go Digit sees moderate listing, but analysts project optimism. What investors should do
Analysts said Go Digit's position as the fastest-growing private non-life insurer by GWP in India positions it for continued success in the insurance market. The company's advanced technology platform and focus on innovation bode well for its future.
Go Digit share price jumps 9% after muted listing
Following its listing on Thursday with a modest premium of 3.35% at Rs 281 over its issue price of Rs 272, shares of Go Digit General Insurance continued to rally, surging another 9% to reach the day's high of Rs 305.85.
Despite healthy response to IPO, Go Digit GMP slips on allotment day
Go Digit shares were trading with a GMP of Rs 50 in the unlisted market when the IPO opened for subscription. However, it has seen a consistent slide in the past few days and is currently trading with a premium of just Rs 25.
Go Digit IPO allotment expected soon: Check status, GMP, listing date and other details
After a strong response for the IPO, Virat Kohli-backed Go Digit Insurance is likely to finalise the share allotment on Tuesday. The issue was booked nearly 10 times at close on strong interest from retail and institutional buyers.
Go Digit Insurance IPO: Retail portion fully booked even as overall demand remains steady on Day 1
Virat Kohli bought 2.66 lakh shares of the company for Rs 2 crore in 2020, while Anushka Sharma invested 50 lakh through a private placement. Currently, Go Digit IPO GMP is Rs 45, slightly lower than the previous week.
Go Digit IPO sails through on Day 3. Check GMP and other details
Go Digit General Insurance IPO saw oversubscription and strong retail investor interest. Backed by celebrity investors, the company plans to enhance capital with the IPO proceeds, focusing on growth and empowering distribution partners.
Go Digit on the fast track to growth is a long-term investor's bet, for now
Go Digit has grown business faster over the past six years. It has the lowest loss ratios among peers, which reflects high underwriting quality. In addition, a higher retention ratio and claims ratio augur well for future growth.
Go Digit IPO opens; quick commerce boost for FMCG firms
Go Digit General Insurance launched its Rs 2,615 crore initial public offering (IPO) on Wednesday. More details on this in today's ETtech Top 5.
Virat Kohli-backed Go Digit IPO opens for subscription. Should you bid?
Go Digit Insurance IPO opens today and closes on May 17. The IPO includes a fresh equity issue of Rs 1,125 crore and an offer for sale of up to 5.47 crore shares. Virat Kohli and Anushka Sharma will retain their investments.
Go Digit IPO commands healthy GMP as Street awaits one of the most sought after issues this year
In the unlisted market, the company's shares are commanding a healthy premium of Rs 50 in the unlisted market. The company has priced the IPO in the range of Rs 258-278 per share
Digit IPO: tempering tech valuations & other top startup stories this week
This is Pratik Bhakta in Bengaluru. Insurance startup Digit, by valuing itself at a discount of 25% to its last known private market valuation, seems to have stuck its neck out. And it’s a move that’s certainly got everyone talking.
Go Digit IPO: Price band for Virat Kohli-backed Rs 2,615 crore IPO announced
Go Digit IPO: Bengaluru-based insurtech start-up Go Digit General Insurance on Friday announced that its Rs 2,615 crore IPO, which will open on May 15 and close on May 17, will have a price band of Rs 258 to Rs 272 per share.
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