Category: Industries

Oil and Gas Industries Don’t Want Coronavirus Bailout
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Oil and Gas Industries Don’t Want Coronavirus Bailout

AFP Despite media reports that President Donald Trump wants to bail out U.S. oil and natural gas companies after the coronavirus shook the international energy market, representatives from the industry said that’s not something they seek. CNBC called members of energy trade associations who met with White House staff on Wednesday to talk about how…

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Spaceflight Industries to sell its satellite rideshare launch business to Japan’s Mitsui & Co. and Yamasa
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Spaceflight Industries to sell its satellite rideshare launch business to Japan’s Mitsui & Co. and Yamasa

Spaceflight Industries, owner of both Spaceflight, Inc. and BlackSky, is selling the Spaceflight, Inc. portion of its business to Japanese industrial megacorporation Mitsui & Co, and Yamasa both of which will co-own the company in a 50/50 joint venture after its closing. The deal will see Spaceflight continue to operate as an independent business based…

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Reliance Industries acquires a majority stake in SaaS startup NowFloats for $20M
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Reliance Industries acquires a majority stake in SaaS startup NowFloats for $20M

Reliance Industries, one of India’s largest industrial houses, has acquired a majority stake in NowFloats, an Indian startup that helps businesses and individuals build online presence without any web developing skills. In a regulatory filing on Thursday, Reliance Strategic Business Ventures Limited said (PDF) it has acquired an 85% stake in NowFloats for 1.4 billion Indian…

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