Siddhartha Singh Saritha Rai Bloomberg

India's finance minister has upheld a decision that Apple must meet local sourcing rules to open its own stores, according to people familiar with the matter, dealing what may be a fatal blow to the iPhone maker's effort to open retail outlets in the country.

India's finance minister has upheld a decision that Apple must meet local sourcing rules to open its own stores, according to people familiar with the matter, dealing what may be a fatal blow to the iPhone maker's effort to open retail outlets in the country.