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A man walks past an AVIVA logo outside the company's head office in the city of London March 5, 2009. British life insurer Aviva on Thursday said it was maintaining its dividend, soothing concerns the payout could be cut to conserve capital, and reported annual profits that broadly met forecasts. REUTERS/Stephen Hird/File Photo Acquire Licensing RightsNEW DELHI, Nov 14 (Reuters) - India's tax inspectors searched the office of British insurance giant Aviva's (AV.L) life insurance unit near New Delhi last week and seized documents as part of an investigation into alleged tax evasion, sources familiar with the matter said. In a statement, Aviva Life Insurance, India, told Reuters "we can confirm that GST officials visited our head office site, we are in full cooperation with them." UK's Aviva has a 74% stake in Aviva Life Insurance in India, with the rest owned by India's Dabur Invest Corp. Aviva's life insurance business has a less than 0.5% market share on the basis of first-year premium collections in India.

Persons: Stephen Hird, Asit Rath, Sonali Athalye, UK's, India's Dabur, Aditya Kalra, Sharon Singleton Organizations: AVIVA, Aviva, Goods, Services Tax, Intelligence, Aviva Life Insurance, Reuters, Indian, Companies, Insurance Corporation, Bajaj Allianz, UK's Aviva, India's, India's Dabur Invest Corp, Thomson Locations: London, DELHI, New Delhi, India

☆ Thousands of Black women claim hair relaxers gave them cancer
▼ + stars: | 2023-11-04 | by ( Reuters Graphic | ) www.reuters.com time to read: +12 min

Some of the ads show Black women applying hair products before cutting to a summary of the NIH study’s findings. “We do not believe the science supports a link between chemical hair straighteners or relaxers and cancer,” Revlon said. Lead author White said in a statement in response to Reuters questions that there is currently no strong evidence linking family history of breast cancer to increased risk of uterine cancer. The sisters said they wanted their mother’s death last year following a battle with uterine cancer to mean something. Bush, the St. Louis cosmetologist, joined the litigation in August, she said, because of the possibility that hair relaxers cause cancer.

Persons: Sheila Bush, Bush, Revlon’s, ” Revlon, L’Oreal, ”, Ben Crump, George Floyd, Diandra, ” Debrosse Zimmerman, Jenny Mitchell, Crump, “ it’s, ” Crump, Louis, Jayne Conroy, don’t, Adam Zimmerman, Alexandra White, phthalates, White, Weiss, Porter Kaye Scholer, Jennifer Hoekstra, Zimmerman, “, X Ante, Quiana Hester, Ariana, Nakisha, Patrice Hester, Louis cosmetologist, Mike Spector, Richa Naidu, Kristina Cooke, Diana Novak Jones, Eve Watling, Lawrence Bryant, Alicia Powell, Angela Johnston, Lucy Ha, Vanessa O’Connell, Suzanne Goldenberg Organizations: L’Oreal, Revlon, U.S, National Institutes of Health, Reuters, NIH, Supreme, University of Southern California Gould School of Law, U.S . House, American Cancer Society, U.S . Food, Drug Administration, World Health Organization, Paul, Arnold, FDA, USC, Washington DC Locations: Louis, Olive, U.S, India, Minneapolis, Missouri, Chicago, United States, Rifkind, Baltimore, Houston, Washington, San Diego, Bush

☆ Dabur India units face lawsuits in US, Canada alleging products caused cancer
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +1 min

Companies Dabur India Ltd FollowOct 19 (Reuters) - Dabur India (DABU.NS) said on Wednesday its subsidiaries were among companies sued in the U.S. and Canada by customers alleging that the use of hair relaxer products had caused ovarian cancer, uterine cancer and other health issues. They were last down 1.7% at 525 rupees as of 12:06 p.m. IST, extending their year-to-date decline to 6.5%. The units have denied liability and have retained counsel to defend them, the company said. The company did not immediately respond to a request for additional details outside of normal business hours. Reporting by Kanjyik Ghosh in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

Persons: Kanjyik Ghosh, Sriraj Organizations: Dabur, Namaste Laboratories, Thomson Locations: India, U.S, Canada, Illinois, Bengaluru

SAP Labs India Managing Director Sindhu Gangadharan hopes the Indian unit will scale up its share of global SAP patents to 50% from 25% currently, she said in an interview on the sidelines of an event in Bengaluru. SAP Labs India, which employs over 15,000 people, aims to embed generative AI across its products to cater better to the changing needs of its clients ranging from Thermax (THMX.NS) to Dabur India (DABU.NS). "Through AI, India can solidify its IT supremacy," Gangadharan had said in the event, earlier in the day. The comments come as SAP looks to "double down" on investments in India, its fastest growing region and home to 40% of its global Research and Development (R&D) activity. Gangadharan, while referring to the regulation of AI, said there should be a "great amount of responsibility barriers with flexibility to the end-user".

Persons: Arnd, Sindhu Gangadharan, Gangadharan, Sam Altman, Hritam Mukherjee, Navamya Ganesh, Dhanya Skariachan, Josie Kao Organizations: SAP, AG, REUTERS, Rights, Reuters, SAP Labs India, Research, Microsoft, Thomson Locations: Regensdorf, Switzerland, Bengaluru, India

☆ Tomato price shock hits Indian restaurants, cheaper puree sales boom
▼ + stars: | 2023-07-26 | by ( Riddhima Talwani | ) www.reuters.com time to read: +4 min

Milk and vegetable retailer Mother Dairy has seen a 300% jump in tomato puree sales in the last 15 days in New Delhi, a spokesperson said. Amazon said demand for tomato puree on its platform rose five times over the past month, while ketchup sales rose 30%. Packs of puree typically contain around 40% tomato paste and the rest water, and cost 130 rupees/kg. Google Trends data shows the number of online searches for terms "tomato puree" and "tomato puree 1kg price" in recent weeks in India have been highest in the last five years. Food sellers - big and small - are battling high tomato prices.

Persons: Dairy, BigBasket, Seshu Kumar, Pravieen Sridhar, Price, gesturing, Pradeep Shetty, Raj Kumar, Riddhima Talwani, Aditya Kalra, Kim Coghill Organizations: Google, Restaurant Association of Western, Thomson Locations: DELHI, New Delhi, Indian, Chennai, India, Birju, Restaurant Association of Western India, Delhi

SummarySummary Companies Number of cases totals 57, court records showFeb 6 (Reuters) - Nearly 60 lawsuits claiming hair relaxer products sold by L'Oreal USA Inc and other companies cause cancer and other health problems will be consolidated in Chicago federal court, according to a Monday order from the Judicial Panel on Multidistrict Litigation. At least 57 lawsuits have been filed in federal courts across the country over the products, which use chemicals to permanently straighten textured hair, court records show. The lawsuits allege the companies knew their products contained dangerous chemicals but marketed and sold them anyway. In a statement posted online after the first lawsuits were filed, L'Oreal said it is "confident in the safety of our products and believe the recent lawsuits filed against us have no legal merit." She estimates that thousands of women could end up suing over the products, which are typically marketed to women of color.

☆ Indian shares dip on weak global cues; autos, FMCG stocks slide
▼ + stars: | 2022-12-20 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Dec 20 (Reuters) - Indian shares opened lower on Tuesday on fears of a recession in the U.S. and a surge in COVID-19 cases in China, which has offset optimism over loosening strict pandemic restrictions. Barring Adani Enterprises (ADEL.NS) and State Bank of India (SBI.NS), all the other 48 constituents in Nifty 50 logged losses. All the major sectoral indices declined with auto (.NIFTYAUTO), FMCG (.NIFTYFMCG), information technology (.NIFTYIT) and metal (.NIFTYMET) stocks shedding over 0.5%. Asian markets declined on weak cues, such as a surge in new COVID-19 infections in China and weak macroeconomic indicators, with MSCI Asia ex Japan (.MIAPJ0000PUS) falling 0.54%. ($1 = 82.7200 Indian rupees)Reporting by Bharath Rajeswaran in Bengaluru; Editing by Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.

☆ India's Britannia Industries shares jump after profit beat
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Nov 7 (Reuters) - Shares of India's Britannia Industries Ltd (BRIT.NS) rose as much as 10% on Monday, after the Good Day and Tiger biscuits maker reported late Friday a 28.4% jump in second-quarter consolidated net profit. The company's profit was 4.93 billion rupees ($59.97 million) for the three months ended on Sept. 30, beating analysts' expectations for a profit of 4.12 billion rupees, according to Refinitiv IBES data. Total revenue from operations rose 21.4% to 43.8 billion rupees from 36.07 billion rupees a year ago. Britannia's beat comes after peers Hindustan Unilever (HLL.NS) reported rise in profit, while Dabur India (DABU.NS) posted lower profit hit by high commodity prices. Britannia shares were the top gainer in the NSE Nifty 50 index (.NSEI).

☆ INDIA STOCKS Indian shares may open higher, tracking Asia
▼ + stars: | 2022-10-27 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Oct 27 (Reuters) - Indian shares are poised to open higher on Thursday, tracking strength in Asian markets in the backdrop of growing expectation the U.S. Federal Reserve may tone down its aggressive stance on rate hikes. India's NSE stock futures, listed on the Singapore exchange , were 0.55% higher as of 0159 GMT, while the MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS), climbed 1.74%. India is the world's third-largest importer and consumer of oil, and a rise in crude prices have a direct impact on inflation. Foreign institutional investors sold a net 2.47 billion Indian rupees ($30.12 million) worth of equities on Tuesday, while domestic investors bought net 8.73 billion rupees worth of shares, as per provisional data available with the National Stock Exchange. ($1 = 82.0040 Indian rupees)Reporting by Rama Venkat in Bengaluru; Editing by Neha AroraOur Standards: The Thomson Reuters Trust Principles.

☆ US woman files lawsuit against L’Oréal, claiming chemical hair straightening products are linked to her cancer
▼ + stars: | 2022-10-24 | by ( Jacqueline Howard | ) edition.cnn.com time to read: +4 min

CNN —Cosmetics company L’Oréal, along with multiple other parties, is being sued over claims that its chemical hair straightening products put women at an increased risk of uterine cancer. Debrosse Zimmermann told CNN on Monday that the lawsuit marks a “watershed moment” for women of color who have used chemical hair-straightening products, such as relaxers. In the lawsuit, she claims to have no family history of cancer or uterine cancer. Black women tend to use these chemical hair-straightening products more frequently than White women, the researchers noted. “Black hair has been and always will be beautiful, but Black women have been told they have to use these products to meet society’s standards.

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