An Indian court has rejected a plea by Pernod Ricard SA (PRN.L) seeking permission to sell its products in New Delhi, marking a setback for the French spirits maker in a key market where it is already facing regulatory and tax challenges, Reuters reported.
The dispute stems from a prolonged conflict between Pernod Ricard and Delhi authorities over licensing approvals, with officials refusing permission amid an ongoing liquor policy investigation in which the company has been accused of collusion—allegations it denies.
The court's decision follows repeated licence rejections over the past three years and comes as Pernod Ricard also continues to face a separate tax demand from Indian authorities related to alleged unpaid duties on Scotch imports, the report said.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.