Gold dropped more than 3% on Friday as investors sold off bullion to cover their losses from a wider market meltdown as an intensifying trade war sparked concerns of a global recession.
MEIL’s MD taps private credit funds Elham, DK, Oaktree to raise Rs 1,500 crore
PV Krishna Reddy, managing director of MEIL, is seeking ₹1,500 crore in debt financing from firms like Elham Credit and Oaktree Capital to fund the