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More than half the companies are inclined to provide flexible working hours and are willing to pass on the price increases to customers that could keep inflation high, the survey found.

Managing director Rashmi Saluja said the company has already put forth its plans to the board of the parent Religare Enterprises (REL) and they include a preference issue to infuse money into RFL.

According to the data on the exchange, Jhunjhunwala sold 7,94,431 shares of Bilcare on Tuesday at Rs 46 apiece

The stock exchanges desirous of introducing such contracts will have to submit a detailed proposal to Sebi for approval, providing details relating to underlying corporate bond index, the index methodology, contract specifications, applicable trading, clearing & settlement mechanism, risk management framework, the safeguards to ensure market integrity, investor protection and surveillance systems.

Until now, only promoter and promoter group entities were allowed to sell stake through the offer for sale on bourses

"Restoring price stability when inflation is high can require measures that are not popular in the short term as we raise interest rates to slow the economy," Powell says

AIFs, in market parlance, refers to a privately-pooled investment vehicle which collects funds from investors whether Indian or foreign for investing these funds in the country. Broadly, AIF rules govern venture capital funds, private equity funds, SME funds, hedge funds among others.

The company did not say if it would file for bankruptcy after saying last week it was working with outside advisers to look at various options after years of weakening sales.The company did not take questions from analysts on its Tuesday earnings call "in light of the ongoing review of strategic alternatives," said Susie Kim, head of investor relations.

The S&P 500 opened lower by 3.52 points, or 0.09%, at 3,888.57, while the Nasdaq Composite dropped 27.93 points, or 0.26%, to 10,607.72 at the opening bell

"Given fragile economic conditions, any new adverse development -- such as higher-than-expected inflation, abrupt rises in interest rates to contain it, a resurgence of the COVID-19 pandemic or escalating geopolitical tensions -- could push the global economy into recession," the bank said in a statement accompanying the report.