CCI raids Pernod, Budweiser maker AB InBev in liquor industry crackdown

India's antitrust body, the Competition Commission of India (CCI), raided the offices of alcohol giants Pernod Ricard and Anheuser-Busch InBev in Hyderabad, as well as some retailers in Telangana, over allegations of price collusion with retailers. This marks one of the largest recent crackdowns in the industry.