Yahoo shuts down news sites in India
New Delhi(PTI): Yahoo has shut down its news websites in India due the new foreign direct investment (FDI) rules that limit foreign ownership of media companies that operate and publish digital content in India.
This includes Yahoo News, Yahoo Cricket, Finance, Entertainment and MAKERS India. This, however, will not affect users' Yahoo e-mail, and search experiences in India.
"As of August 26th, 2021 Yahoo India will no longer be publishing content. Your Yahoo Account, Mail and Search experiences will not be affected in any way and will operate as usual. We thank you for your support and readership," a notice on the Yahoo website said.
US tech major Verizon had acquired Yahoo in 2017.
In the FAQ section, Yahoo said effective August 26, 2021, the company has ceased publication of content in India and has shut down Yahoo's content operations in the country.
"We did not come to this decision lightly. However, Yahoo India has been impacted by changes to regulatory laws in India that now limit the foreign ownership of media companies that operate and publish digital content in India. Yahoo has had a long association with India and we're really proud of the premium, local content we have provided our users here for the last 20 years," it said.
It added that given that Yahoo Cricket has a 'news' component, "it was impacted under the new FDI regulations that limit foreign ownership of media companies that operate and publish digital content in India in the 'News and Current Affairs' space".
Thanking all its users in India for the "support and trust" over the past two decades, it noted that it remains "open to opportunities that connect us to users here".
As per the new FDI regulations that will come into effect in October, digital media companies in India can accept up to 26 per cent investment in the form of foreign investment, subject to approval from the central government.
"In case you are a Yahoo Mail user, this change does not affect you in any way. This development does not impact our products Yahoo Mail and Yahoo Search, where we will continue to serve users in India as before, without any change," it said.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Four arrested, minor detained for killing teenager in UP's Gorakhpur
Gorakhpur (UP)(PTI) Police on Tuesday arrested four persons and detained a boy in connection with the killing of a teenager at a school here, officials said.
The arrested accused have been identified as Dayanand alias Chhotu, Hrithik Roshan alias Roshan, Uday alias Kishan Kumar and Deepak, all residents of Pipraich police station area here and aged 19-20, the police officials said.
The detained minor will be produced before the Juvenile Justice Board, they said.
Police recovered a country-made pistol and a motorcycle allegedly used by the accused in the commission of the crime, they added.
Superintendent of Police (North) Gyanendra Nath Prasad said the arrests were made following sustained investigation and technical surveillance, and further legal proceedings were underway.
According to police, Sudhir Bharti (17), a class 11 student, was shot dead by the accused on December 26 over old enmity and a dispute triggered by social media posts in the playground of a school in the Pipraich area here.
Based on the complaint filed by Bharti's family, a case was registered under sections 103(1) (punishment for murder) and 61(2) (party to a criminal conspiracy) of the Bharatiya Nyaya Sanhita and relevant provisions of the Arms Act.
According to eyewitnesses, Bharti was in the playground when he had an argument with a person from the same neighbourhood.
The argument escalated and the accused shot him with a country-made pistol, killing him on the spot, they said.
