Latest News, Photos, Videos on Yahoo News – yahoonews. Due to new foreign direct investment (FDI) restrictions that ban foreign ownership of media organizations that produce and publish digital content in India, Yahoo has shut down its news websites in India.
Yahoo News, Yahoo Cricket, Finance, Entertainment, and MAKERS India are all part of this. Users’ Yahoo e-mail and search experiences in India, however, would be unaffected.
“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.
“It was impacted under the new FDI restrictions that ban foreign ownership of media firms that produce and distribute digital content in India in the “News and Current Affairs’ area,” it noted because Yahoo Cricket has a “news” component.
It expressed gratitude to all of its Indian users for their “support and trust” throughout the years, and stated that it is “open to initiatives that connect us to people here.”
According to new FDI regulations set to take effect in October, digital media companies in India would be able to accept up to 26 percent foreign investment, subject to central government approval.
“If you use Yahoo Mail, this change has no bearing on you. This development has no bearing on our products Yahoo Mail and Yahoo Search, which will continue to serve Indian users in the same manner as previously “It was stated.
We believe this post on yahoonews was helpful to you. Feel free to let us know how you feel through our comment section. you can also drop your email or phone no for free updates on yahoonews.