0412 GMT — Indian shares are lower, dragged by falls in bank and industrial stocks, as concerns resurface about borrowing costs following a rebound in U.S. Treasury yields overnight. ICICI Bank is down 0.8% and Tata Steel Ltd. is 0.7% lower. Meanwhile, FSN E-Commerce Ventures is up 2.4% after second-quarter net profit climbed 42% on the year. Investors are focusing on earnings, as well as the Middle East conflict. Power Grid Corp. of India and Apollo Tyres are scheduled to report their results later in the day. The benchmark Sensex is down 0.3% at 64774.30. ([email protected]; @kosakunarioka)