Logo

Logo

Business

ICRA projects GDP to dip 6.5% YoY in Q2FY25

It said, this is due to the heavy rains and weak margins offsetting the buoyancy injected by the turnaround in Government capital expenditure and healthy trends in kharif sowing.

Why Prosus’ $578 mn fair value doesn’t put BYJU’S valuation at $6 bn

Global investment group Prosus has put the fair value of its 9.67 per cent stake in BYJU'S at $578 million, which technically puts the current valuation of the edtech major at nearly $6 billion -- last valued at $22 billion -- but this is not the case as Prosus has changed its accounting treatment for BYJU'S.