Bloomberg Srei Infrastructure Finance Ltd plans to stop financing Indian infrastructure projects after three decades in the business, as a slowing economy and crisis in the shadow bank sector dries up funding lines. The International Finance Corp-backed firm will instead focus solely on financing purchases and leasing of equipment, Vice Chairman Sunil Kanoria said in an interview in his Kolkata ...

Bloomberg Yes Bank Ltd has picked Cantor Fitzgerald LP, IDFC Securities Ltd and Ambit Pvt to help the Indian lender raise as much as $2 billion for bolstering capital buffers, people with knowledge of the matter said. Yes Bank, staggering under the weight of soured loans, has been plagued by worries about its asset quality and uncertainty about efforts to ...

Bloomberg Macy’s Inc plans to close 125 of its least productive department stores — almost a quarter of the total — over the next three years and cut about 2,000 jobs as part of a large restructuring. The stores, including 30 that are already in the process of being closed, account for about $1.4 billion in annual sales, the company ...