Amazon forced to pull products in India as new rules bite

Amazon has been forced to remove an array of products from its website in India to comply with new regulations. The rules prevent online retailers from selling products through vendors in which they hold an equity stake. The regulations are expected to have a far-reaching impact on India's e-commerce sector, which has drawn billions in foreign investment.Amazon and Flipkart lobbied against the laws which aim to protect small businesses. The changes to foreign direct investment rules, which come into force on 1 February, also stop online retailers from making deals to sell exclusively on their platforms. Amazon sparks fears with sales forecast Walmart wins battle for Flipkart Amazon launches Hindi version of website Small retailers ...