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UPDATE 2-India's top bank SBI says bad loan pressure easing

* Yet to decide on timing of up to $2.4 bln share sale (Adds management comments)

BRIEF-State Bank of India sees loan growth of about 14 pct in FY16

* Exec says: has restructuring pipeline of 26.25 billion rupees

22 May 2015

India's top cigarette maker misses profit estimates

May 22 - ITC Ltd, India's largest cigarette maker, reported a lower-than-expected quarterly profit as higher taxes on smokes and a government push to discourage tobacco consumption hurt business.

22 May 2015

BRIEF-State Bank of India sold loans worth 45.1 bln rupees to ARCs in Q4-CNBC TV18

* Sold 45.10 billion rupees worth loans to asset reconstruction companies in Q4 - CNBC TV18 Further company coverage: (Reporting By Devidutta Tripathy)

22 May 2015

State Bank of India Q4 net up 23 pct, bad loan ratio down

MUMBAI, May 22 - State Bank of India, the nation's top lender by assets, reported a better-than-expected 23 percent increase in quarterly profit and a lower bad loan ratio, sending its shares more than 5 percent higher.

22 May 2015

India plans strategic stake sales; bank bad loans coming down - Jaitley

NEW DELHI, May 22 - The Indian government plans to sell stakes in state-run companies through strategic sales to partly meet its target for raising revenues from asset sales, Finance Minister Arun Jaitley said on Friday.

22 May 2015
 
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NYSE Gainers

Symb Last Change Chg %
YOKU.N 30.75 +3.78 +14.02
EHIC.N 15.99 +1.91 +13.57
DANG.N 10.71 +1.17 +12.26

NYSE Losers

Symb Last Change Chg %
ARO.N 2.19 -0.40 -15.44
BBDO.N 8.89 -1.36 -13.27
JMEI.N 25.40 -2.63 -9.38

All American Indices

Data as of 23 May 2015. All quotes delayed at least 15 minutes.
Symb Index Mkt Report Time Last Chg Chg %
.DJI Dow Jones Industrial Average View 22 May 2015 18,232.02 -53.72 -0.29%
.IXIC Nasdaq Composite Index View 22 May 2015 5,089.36 -1.43 -0.03%
.TRXFLDUSP Thomson Reuters Equity US Index 22 May 2015 192.88 -0.40 -0.21%
.TRXFLDCAP Thomson Reuters Equity Canada Index 22 May 2015 284.33 -0.11 -0.04%
.GSPTSE S&P/TSX Composite Index View 22 May 2015 15,200.76 -2.85 -0.02%
.XAX AMEX Composite Index View 22 May 2015 2,460.80 -27.23 -1.09%
.MXX MXSE IPC View 22 May 2015 44,874.04 -223.35 -0.50%

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