MOBILITY

Maersk raises full-year guidance on strong demand, warns of worsening congestion

Shipping bellwether Maersk sharply raised its full-year profit guidance after a strong second quarter, citing robust demand and higher freight rates, while flagging deepening congestion and rerouting, relevant signals for Indian trade.

A.P. Moller-Maersk, the global container-shipping bellwether, sharply raised its full-year guidance after a strong second quarter, now expecting underlying EBITDA of USD 10.5 to USD 12.5 billion, up from USD 8 to USD 10 billion. Quarterly EBITDA was USD 3 billion, with ocean volumes up 4.1% and logistics revenue up 15%. Its readout matters for Indian exporters and importers: CEO Vincent Clerc pointed to strong Far East demand, unbalanced trade flows and deepening port and inland congestion, including cargo rerouted from the Strait of Hormuz, all of which shape freight costs and supply-chain reliability.

QA and Level-1 support roles most at risk from AI based on FICCI–KPMG skills report

A FICCI–KPMG report at the FICCI Global Skills Summit cites NITI Aayog in flagging displacement risk for QA engineers and Level-1 support agents by 2031, against up to 40 lakh AI-augmented jobs — if large-scale reskilling begins now.

Island Computing opens Indian sovereign cloud, claims 30% cost edge over AWS Mumbai

Bengaluru startup Island Computing opens its cloud platform on 15 August, pitching Indian jurisdiction to banks and government bodies and claiming 30% lower costs than AWS Mumbai, while disclosing no funding, customers or data-centre locations.

Page Industries' revenue grows 7.9% in a steady first quarter

Jockey licensee Page Industries reported Q1 revenue up 7.9% to INR 1,420 crore on 5.7% volume growth, holding a 20.3% EBITDA margin, a steady but unspectacular quarter.

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