The Securities and Exchange Board of India (SEBI) has barred Seacoast Shipping Services Limited (SSSL) and its key officials from raising funds from investors for five years, after finding the company guilty of diverting rights issue proceeds.

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Donald Trump signed an executive order finalizing a deal allowing TikTok to operate in the US, with a majority stake moving to US investors like Oracle and Silver Lake. ByteDance will retain less than 20% equity. Much is still unknown about the actual arrangement, but Trump said Chinese President Xi Jinping “gave us the go-ahead” to proceed with the deal.