India tightens e-commerce rules, likely to hit Amazon, Flipkart

NEW DELHI/MUMBAI (Reuters) - India will ban e-commerce companies such as Amazon.com and Walmart -owned Flipkart Group from selling products from companies in which they have an equity interest.In a statement, the government also said that the companies will be prevented from entering into exclusive agreements with sellers. The new rules will be applicable from February 1."An entity having equity participation by e-commerce marketplace entity or its group companies, or having control on its..