MOBILITY

Tata Motors' new commercial-vehicle company posts 23% revenue rise in first quarter

Tata Motors Ltd, the demerged commercial-vehicle business, reported standalone revenue up 23% to INR 19,329 crore in Q1, with resilient margins and a sharp swing to positive free cash flow despite commodity headwinds.

Tata Motors Ltd, the demerged commercial-vehicle business (formerly TML Commercial Vehicles), reported a strong first quarter: standalone revenue up 23% to INR 19,329 crore and pre-tax profit before exceptionals up 26% to INR 2,057 crore, though the EBITDA margin slipped 60 basis points to 11.7% on commodity costs. Free cash flow swung positive to INR 1,114 crore and the business held net cash of INR 7,100 crore. On consolidated numbers, pre-tax profit jumped 81%, boosted by a mark-to-market gain on its Tata Capital stake. It expects to launch the Iveco tender offer in early September.

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.

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.

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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