In your interest.
Online Personal Finance Magazine
No beating about the bush.
Senior employees hijack a publicly-owned institution in a daring heist as regulators and shareholders sleep!
Stock Holding Corporation of India (SHCIL) has always been viewed as a quasi-government company. Its shareholders are IDBI Bank, IFCI, SUUTI, the four government-owned insurance companies and ICICI Bank. You would expect at least minimal governance at SHCIL. Instead, its officials have...