Jan+Feb 16 SSSG turn positive but less urgency to find e-commerce partner 2015 earnings below estimates despite strong revenue growth；TP and earnings cut; Reiterate SELL FY15 a moderate miss Rating risk on the rise; Downgrade to Sell Newsflow RBI relaxes PSU banks’ capital requirements January loans: Contraction from repayments China Steel Sector China: February manufacturing PMIs disappointed Strong employment alongside weak top line growth likely to persist