Trinity：New plan in the making; lowering forecasts on macro weakness; Hold China rejects P3 alliance; Asia liners to compete on more level ground Acquisition of Hearts On Fire to expand product offerings Adding ICICI Bank, removing Kotak Mahindra Bank Not at its best, but ‘IT’ still works fine China Insurance Sector：May premiums - Life slowdown continues, P&C remains stable Market Buzz：PF intends to take over TProp, in talks with KLand Jindal Steel & Power Ltd (JPS IN) Downgrade to N(V): Stock run discounts the positives May Scorecard P3 alliance formation blocked by China