BIZ BUZZ Shiprocket raises Rs 200 crore in series C round from Tibe Capital, others

E-commerce logistics firm Shiprocket on Thursday said it has raised about Rs 200 crore from various investors including Silicon Valley based venture capital firm Tribe Capital in series C funding round. The company said that it plans to utilise the fund for product development, increasing workforce and global expansion.

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European plane maker Airbus lost 1.1 billion euros (USD 1.3 billion) last year amid an unprecedented global slump in air travel because of the pandemic, but expects to deliver hundreds of planes and make a profit in 2021 despite uncertainty about when people will resume flying en masse. Airbus is also pushing to negotiate a "cease-fire" soon in its years-long trade dispute with U.S. rival Boeing, amid hopes that the Biden Administration will be more amenable than Trump's government to a deal.