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In an unexpected turn of events, Dutch investor Prosus has marked down the value of its share in the once-thriving edtech behemoth BYJU'S, dealing a serious blow to the business. Due to this action, the company's valuation has dropped dramatically, from $22 billion to less than $3 billion, a dramatic 85% reduction.
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Every Friday, GoLocalProv takes a look at who is rising and who is falling in Rhode Island and national politics, business, culture, and sports.
The U.S. Consumer Price Index (CPI) rose 3% from June 2022 to June 2023, making it the smallest increase since March 2021.
Mumbai reported 11,647 new COVID-19 cases on Tuesday, a drop of 2,001 from the previous day and fourth straight day of downward trend, taking the tally to 9,39,867, while two more patients died due to the infection, the city civic body said.