News Headline Summary

Pre-market Indian stock news...

- State Bank of India (SBIN IN) int. income INR 303.4bln vs. Prev. INR 277.1bln; Co. can sell collateral shares to recover Kingfisher air loans.
- Tata Motors (TTMT) Q3 Net INR 16.3bln vs. Exp. INR 29.3bln.
- Mahindra & Mahindra (MM IN) Ssangyong motor to sell KRW 80bln new shares to Co.
- United Breweries (UBBL IN) says kingfisher brand not pledged to lender.

Broker moves
- Dr Reddy's downgraded to neutral from buy at BofAML.

15 Feb 2013 - 07:13 - - Source: Newswires

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