Yahoo said on Thursday that its news websites in India, including Yahoo News, Yahoo Cricket, Finance, Entertainment, and MAKERS India, have been shut down.
The Yahoo Mail user, on the other hand, will be unaffected. This development, according to Yahoo, has no bearing on its products Yahoo Mail and Yahoo Search. Yahoo also stated that it will continue to serve Indian users in the same manner as before.
“Yahoo India will cease publishing material on August 26th, 2021. Your Yahoo Account, Mail, and Search experiences will be unaffected and will continue to function normally. We appreciate your patronage and readership “According to a notice on the Yahoo website.
Yahoo stated in the FAQ section that the business has ceased publishing material in India and has shut down Yahoo’s content operations in the nation as of August 26, 2021.
“This was not an easy decision for us to make. However, changes to Indian regulatory rules have had an influence on Yahoo India, limiting foreign ownership of media organizations that operate and produce digital content in India. Yahoo has a long history in India, and we’re proud of the premium, local content we’ve delivered our users over the previous two decades “It was stated.
Yahoo Cricket, it noted, “was impacted by the new FDI restrictions that ban foreign ownership of media companies that produce and distribute digital content in India in the ‘News and Current Affairs’ area,” because it had a “news” component.
According to the new FDI legislation, digital media businesses in India can accept up to 26% foreign investment, subject to the approval of the central government, which will take effect in October.
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