The culture clash isn't the only issue - most of the founders are still wary of risky bets while the new management thinks calculated aggression is necessary in the new world of business, says Shyamal Majumdar.
Jaitley said the government had earmarked Rs 25,000 crore (Rs 250 billion) for recapitalisation.
RBI Governor has been under pressure from Finance Ministry.
The decision comes hours after an A320 neo aircraft of IndiGo suffered engine failure mid-air and made an emergency landing at Ahmedabad airport.
Gaikwad was travelling from Pune to New Delhi when the scuffle broke out over the sitting arrangement.
Positive cues from the global market front aided the rally.
The announcement of a deferral is expected to be part of Finance Minister Arun Jaitley's Budget speech on February 29.
Finance ministry's drive is meant to meet fiscal deficit target and improve overall efficiency in government spending.
The 30-share Sensex ended down 245 points at 28,799 and the 50-share Nifty closed down 81 points at 8,750
Stocks of companies having operations and exports to Europe were the top losers.
The flood situation eased in Assam and northern districts of West Bengal with water receding and no fresh deaths being reported in both the states.
Lack of numbers would upstage it in Rajya Sabha
Economist Arvind Panagariya has also argued for loosening deficit targets to boost capital spending
Jaitley's team presents a quintessential mix of foreign-educated, intellectual technocrats and seasoned bureaucrats
As many as 20 new faces are expected to be inducted into the Union Council of Ministers on Sunday in the first revamp exercise which is likely to bring in BJP leaders Manohar Parrikar, Mukhtar Abbas Naqvi, Rajiv Pratap Rudy and Bandaru Datttatreya while elevating a few.
'Whoever whispered in his ears that go for demonetisation, misled him completely' and the PM lacked the sagacity to know that it would not work, Yashwant Sinha tells Archis Mohan.
Former Prime Minister Manmohan Singh, who is hailed as the architect of economic reforms in the country, is a member of the Parliamentary Standing Committee on Finance, it was announced on Tuesday.
Though the Cabinet reshuffle on July 5 has a clear stamp of the Prime Minister's Office, the changes have also increased the coherence between the Bharatiya Janata Party, the government and the Rashtriya Swayamsevak Sangh.
The convertibility is RBI Governor's 'next big ambitious goal'.
Rupee is seen to remain in the range of 67.50-68.80 in the short-term
The 30-share Sensex ended higher by 177.46 points at 28,885.21 and the Nifty gained 63.90 points at 8,778.30.
Maharashtra and West Bengal lead the way in bank fraud.
The markets regulator made it easier for banks to acquire control in listed companies.
It is possible that the final Budget architecture may be at variance with the comments.
Traders are waiting for the earnings season to kick off.
The party said that the Delhi cricket body had become a den of corruption during Jaitley's 13-year rule.
Farmers with land sizes less than 0.01 hectare have an average annual income of Rs 54732 and annual consumption of Rs 61296, thereby, a debt of Rs 6564 each year. Compare this with the minimum pay for a government employee, says Devanik Saha.
India's state banks are under pressure to improve profitability.
Markets could slide again owing to conditions in Europe and the US.
'The family is the final court of appeal, the first among unequals. If there is no family, all leaders are equal. If all leaders are equal, anyone can lead the Congress. So every time the family has stayed in the background, the Congress has split.'
In cutting interest rates and giving a boost to the government's efforts to revive growth, RBI governor Raghuram Rajan displayed the pragmatism and flexibility familiar to those who work with him.
The overriding objective of the National Investment and Infrastructure Fund (NIIF) must be adequate economic return, not financial return.
The intial round of efforts did not achieve the objectives fully.
The amendment would help check round-tripping of funds and boost the domestic consumption, Jaitley added
By castigating the reforms themselves because of the remediable and reversible defaults here and there in carrying them out, Yashwant Sinha is throwing out the baby along with the bath water, says B S Raghavan.
The Budget chose to stick to an ambitious disinvestment programme for 2016-17.
The government package for public sector banks, announced last Friday, has been welcomed by the stock market with the PSU banking index booking smart gains.
Prime Minister Narendra Modi on Sunday cautioned against "commodifying" yoga, saying using it as some sort of business will do great damage to this world heritage.
His father is a former finance minister. His brother is a minister in the Modi government. But Sumant Sinha wants nothing to do with politics and tells Shreya Jai why he is bullish on the renewable energy sector.
As Modi completes a year in office, his cuts in federal welfare spending on the poorest of India's 1.25 bn people are coming in for sharp criticism.
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