India: why the March trade-deficit surge is not as bad as it looks Downgrade to UW - 1Q15 SSS Declining 16%; Risk that FY15 Will Be Loss-Making 1Q15 Update - Sequentially Weaker Operational Update Pricing down 10-30%; further challenges from 2Q Top Stories Beer business to be main focus Asian Daily What’s Changed, Research Focus, Today’s Events Supporting Sales Data Emerging to Catalyze The Sector Structural Changes to Benefit the Sector in the Long Run