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flag India's competition watchdog raids offices of Pernod Ricard and AB InBev over price collusion.

flag India's Competition Commission (CCI) has raided offices of global alcohol giants Pernod Ricard and Anheuser-Busch InBev (AB InBev) in Hyderabad, investigating claims of price collusion with local retailers in Telangana. flag The raids follow a complaint by local competitor Radico Khaitan. flag AB InBev has stated it is cooperating with authorities, while Pernod Ricard has not commented. flag This marks one of the largest industry crackdowns in recent years.

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