Yup, I read that news recently. But I don't know what's the meaning of government putting pressure on them. Do the Indian government has started to clamp down on their local exchanges as well? Is this the start, and they are now going to every Indian exchanges?
India has capital controls, and I think the Indian government, like the Chinese govt, thinks that cryptocurrency is being used to get money out of the country.
Because India is a democracy, they will struggle to ban crypto (too many competing parties in the Indian parliament who will dissent), but they can and will tighten up regulations, KYC, and tax collection etc.