iconiifl-logo-icon 1
IIFL

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

Dabur India’s two subsidiaries dismissed from US cancer lawsuit

16 Nov 2023 , 12:33 PM

Dabur International Ltd and Dermoviva Skin Essentials Inc were discharged as defendants in federal litigation in the United States.

Two foreign companies of Dabur Ltd have been dropped from a lawsuit filed in the United States alleging a link between specific types of hair relaxer and ovarian and uterine cancer, as well as other health problems.

Namaste Laboratories, a third overseas business that distributes ethnic hair-care products, is still a defendant, along with L'Oreal, SoftSheen-Carson, Lustre Products Inc, and Avion Industries, among others.

Dabur International Ltd and Dermoviva Skin Essentials Inc were discharged as defendants in federal litigation in the United States, according to a filing with the exchanges late on Wednesday.

It stated that the two firms were removed from the lawsuit due to a lack of personal jurisdiction because neither Dabur International nor Dermoviva Skin Essentials manufactured, marketed, distributed, or sold hair relaxer products in the United States.

The business stated that the cases were not about any Dabur brand or product, and that Dabur India Limited was not a party to them. 'We also want to point out that Namaste's sales of hair relaxer products account for less than 1% of Dabur India Limited's total consolidated revenue.'

Dabur disclosed last month that three of its companies that market hair-care products were facing litigation in the United States and Canada over accusations that numerous kinds of hair relaxers cause ovarian cancer, uterine cancer, and other health problems.

For feedback and suggestions, write to us at editorial@iifl.com

explored-media

Related Tags

  • Dabur India
  • Dabur India news
  • Dabur India Stock
  • Dabur India Updates
  • Dabur India US
sidebar mobile

BLOGS AND PERSONAL FINANCE

Images
19 Feb 2024   |   09:29 AM
Read More
Knowledge Centerplus
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Knowledge Centerplus

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Securities Ltd. All Rights Reserved

ATTENTION INVESTORS
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.