Investors must keep in mind that the bank has significant room for improvement, which could justify its aggressive valuations of Rs 275.
Though most experts remain bullish on the banking space, they suggest investors buy only those banks whose NPAs are at a manageable level of 3% to 4% and there is credit growth or earnings visibility.
Overall, the positives in favour of ONGC seem to outweigh the negatives from a long-term perspective.
India's flag carrier Air-India has shortlisted three companies to act as advisors for its initial public offer to finance the fleet acquisition and is awaiting the government's nod for the IPO, a spokesman of the airline said on Thursday.
Asia's top soccer officials delivered a major snub to FIFA on Tuesday, forcing the postponement of an election for three spots on the world body's new governing Council in a row over the disqualification of a Qatari candidate.
Its plans, to cut tariffs by 40% or offer more data, comes bundled with 1 GB high speed data for 28 days with unlimited voice thrown in.
Flood warning has been issued in delta districts of Tamil Nadu. Stanley reservoir dangerously close to full level.
Many small-scale start-ups are operational in this space for some years now. Larger players, too, seem to have realised the potential and are now entering into the fray, mostly through acquisitions.
UBS reduced its Nifty target to 8,600 by December from 9,200.
The trip was more about understanding the Indian market, but was also about signaling to the world that Apple has arrived in India
8 CEOs on the list are female, and they far outpace the median pay for the Equilar 100 as a whole
Notwithstanding the protectionism and other hindrances, the current mood of optimism about the Indian business process outsourcing sector's growth prospects seems justified, according to the London-based magazine The Economist.
Top seed Dipika Pallikal entered the finals of the Australian Open squash event, a PSA world tour event, after posting a 6-11 11-6 11-7 11-4 win over Hana Ramadan of Egypt. Dipika, who recently finished runner-up in the Victoria Open a few days ago, faced an initial scare from the Egyptian qualifier before she managed to grab an opportunity and turn the tables around in her favour.
InterGlobe Aviation has already raised Rs 832 crore from anchor investors.
Indian Oil Corporation on Thursday sold a fifth of its 9.2 per cent stake in Oil and Natural Gas Corporation to garner Rs 3,685 crore (Rs 36.85 billion).
Pressure has been mounting on the Reserve Bank of India to cut interest rates in the wake of declining retail inflation and the need to fuel growth momentum. However, the RBI will have to do a tightrope walk as globally interest rates are inching upwards.
India's squash ace Dipika Pallikal will be in action against the formidable Nicol David in the semi-final round on Monday, the third day of the Asian Games.
Lee, the face of comic book culture in the United States, died early Monday in Los Angeles after suffering a number of illnesses in recent years.
Lead managers to the ensuing public issue of Oil and Natural Gas Corporation have agreed not to charge any commission on participatory notes aimed at attracting large foreign investors as part of its underwriting agreement.
Kung Fu Yoga assaults both senses and soul, warns Sukanya Verma.
A district cricket coach was killed while 13 players and their driver were injured when their van, parked on the roadside, was rammed by a bus.
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