Is Binance shutting down in India?

Hello there, I've been hearing some rumors about Binance potentially shutting down its operations in India. Can you confirm if this is true, and if so, what are the reasons behind this decision? Are there any regulatory issues or market dynamics at play here? Additionally, how will this affect users and traders in India who have been relying on Binance for their cryptocurrency needs? Lastly, do you see any potential alternatives or substitutes for Binance in the Indian market? Thank you for your insights.