Global meltdown creeps up on retail outlets

With India's discount retailer, Subhiksha, approaching the market seeking infusion of funds to stay afloat during times of global recessionary trends, experts fear that investors might soon start feeling the heat. For over two months now, the 11-year-old retail chain headquartered in Chennai is short on cash. Struggling to keep its business intact, the company has approached a Chennai-based Non-Banking Financial Services firm for liquidity infusion.