US-based web services firm Yahoo shut down its news websites in India due to the new Foreign Direct Investment (FDI) regulations thereby ceasing all its content publication across the country.

The company is also said to shut down its news sites, Yahoo Cricket, Yahoo Finance, News, Entertainment, and others as well.

This drastic decision comes after changes in those rules which are said to limit foreign funding of more than 26 percent in digital news media outlets.

The company expressed that its decision to shut down all its content publication outlets came after much thought, indicating that its operations were impacted by the changes in the country’s regulatory rules. As it limits the foreign ownership of media companies that operate and publish digital content in India.

The new rules implied that Yahoo will have to restructure its entire media business within a specified timeframe and current affairs business in the country.

With that said Yahoo bids goodbye to all its supporters and users alike thanking them for their trust and support for the past two decades.

In the FDI realm, another firm is made to pay its price for forex violations and that is the e-commerce firm, Flipkart. The e-commerce firm had already had its hands full with restrictions in the country coupled with antitrust investigations.

The price that the e-commerce firm was charged is Rs.10,600 crore, which appears to be the highest in Foreign Exchange Management Act (FEMA) issued by the Enforcement Directorate (ED). ED on that account had first performed a thorough investigation and then filed a notice in alignment with several FEMA rules. As soon as that was taken care of, ED sent a notice to all those who had smeared their hands in the act.

Since the e-commerce giant was exposed for not only luring foreign capital and a linked entity, WS Retail but also selling goods to customers on the latter's shopping website, the company has been under fire. As a result, the e-commerce behemoth was discovered to be breaking the law in an illegal manner.

Although it is widely assumed that FEMA procedures are civil in nature, the final penalty, when combined with post-adjudication penalties, might be quite a problem, as they are three times the amount ordered under the statute. The firm is linked to many allegations of the same since the notice was filed under various sections of FEMA, while an instance of security transfer and issue to an individual or entity exists outside the country.

Then there's the accusation of going around or causing disturbances in the competitive market, citing exclusive mobile phone launches, select seller promotion, and deep pricing techniques.

Back to Yahoo, the company, however, assured its users that their Yahoo accounts, e-mail, and search experiences will not be affected in any way.