H-1B visa move signals trade talks widening to services, says JPMorgan’s James Sullivan

India’s strength lies in focusing on domestic demand drivers while navigating global trade uncertainties, said James Sullivan of JPMorgan.

India’s strength lies in focusing on domestic demand drivers while navigating global trade uncertainties, said James Sullivan of JPMorgan.

In a notification issued last week, the Ministry of Finance granted “infrastructure status” to large ships, a long-standing demand of India’s shipping industry. The announcement was already made during Finance Minister Nirmala Sitharaman’s budget on February 1 this year.

The foreign brokerage said it expects the sector’s compounding momentum to continue, similar to trends observed over the past five years, supporting further balance sheet growth.

On Friday (September 19), the rupee appreciated 4 paise to close at 88.16 against the US dollar.

Citi wrote in its note that the Supreme Court has admitted Vodafone Idea’s latest AGR plea and with the government also expressing its support, the chances of a potential relief for the company have increased.

Brokerage firm Morgan Stanley cited Knowledge Realty’s defensive profile, steadily rising cash flows, low leverage, and potential for acquisitions as key positives.

Nomura highlighted Infosys and Cognizant among its top picks within the largecap IT space, and Coforge and Firstsource within the midcap IT basket.

GRSE signed a $62 million agreement with Germany’s Carsten Rehder Schiffsmakler and Reederei GmbH & Co for the construction of four Hybrid Multi-Purpose Vessels (MPVs), with a provision to build an additional two vessels.

Of the 18 analysts that have coverage on Paytm, nine have a “buy” rating, five have a “hold” rating and four have a “sell” rating.

In the 2025 calendar year, Mphasis said it had just 130 new filings, of which it received 78 new approvals, so far.