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As Saudis and Indians Grow Closer, a $15 Billion Deal Blooms

MUMBAI, India — Underscoring its desire for stronger ties to India and the country’s 1.3 billion people, Saudi Arabia’s state-owned oil giant is buying 20 percent of the petroleum-related businesses of Reliance Industries, one of India’s biggest companies. The $15 billion investment, which Reliance announced on Monday, is a vote …

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Wheels Up valued at $1.1 billion in latest funding round

Tom Brady uses Wheels Up. Source: Wheel’s Up Wheels Up, the private aviation start-up that counts Tom Brady and Serena Williams as members, said Friday it completed a $128 million round of funding that values the company $1.1 billion. The funding marks an escalation in the air war between private …

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