Exclusive-India raids ad giants GroupM, Publicis, broadcasters' group over price collusion, sources say
NEW DELHI (Reuters) -The Indian antitrust body has raided the offices of many global advertising giants, including GroupM, Publicis, Dentsu and Interpublic Group, and a broadcasters' industry group over alleged price collusion, people with direct knowledge told Reuters on Tuesday. Officers of the Competition Commission of India searched around 10 locations after it initiated a case against the agencies and top broadcasters over allegedly fixing ad rates and discounts, said one of the sources. The raids were being carried out in Mumbai, New Delhi and Gurugram, the first source said.