MAM
LVB files complaint against social media rogues for defamatory posts
MUMBAI: Lakshmi Vilas Bank (LVB) has filed a criminal complaint against social media rogues for posting fake news content on facebook with alleged intention to tarnish the reputation of the bank among the eyes of its customers and the wider public. The bank, in its complaint lodged with the Cyber Crime Cell of the Chennai Police said that text messages posted in Hindi and Kannada in the facebook accounts of alleged Ms Priyanka Gandhi – Future of India, MrLovedeep Grewal and Mr Ranjan Prasad were false and derogatory to the reputation of the bank and sought legal recourse from the competent authorities.'
Through their social media posts, the perpetrators of the cyber crime tried to create confusion among the bank’s customers and general public by saying “Today the 93 year old bank called Lakshmi Vilas Bank closed all 569 branches and 1046 ATMs”. “The above said messages posted by the accused are false and done with a malfide intention to cause serious damage to the reputation and goodwill of the bank among the persons having transactions with the bank and also the general public, investors and all other stakeholders.
“Hence we request you to take cognizance of the complaint and register the FIR against the accused persons under the provisions of IPC and IT Act and other applicable provisions of the relevant statutes and thus render justice”, LVB sought in its complaint.
Brands
Dabur buys minority stake in Ras Beauty for Rs 60 crore
Dabur Ventures deal backs fast-growing luxury skincare brand
MUMBAI: Dabur India Limited has dipped into the world of luxury skincare, signing a definitive agreement to acquire a minority stake in Ras Beauty Private Limited for Rs 60 crore. The investment marks the first bet from Dabur Ventures, the FMCG major’s Rs 500 crore platform set up in October 2025 to back high-potential, new-age direct-to-consumer brands.
Founded in Raipur by Shubhika Jain, her sister Suramya Jain and their mother Sangeeta Jain, Ras Beauty has grown from a family-led passion project into a fast-scaling “Farm-to-Face” skincare label. Its range of face elixirs, serums and moisturisers blends essential oils with nature-derived actives, striking a balance between botanical purity and laboratory precision.
The numbers tell their own story. Ras has clocked a three-year Cagr of around 75 per cent and an annual run rate of approximately Rs 100 crore, all while maintaining strong gross margins. That growth has been fuelled by a digital-first approach, in-house R&D and manufacturing, and a sharp focus on clean, sustainable sourcing.
Dabur India executive director and group head corporate strategy Abhinav Dhall, said the company was drawn to Ras’s distinct positioning at the intersection of nature, science and luxury. He added that the premium beauty segment is poised for robust expansion over the coming decade, and that Ras is well placed to capture that opportunity.
For Ras, the partnership is as much about scale as it is about shared philosophy. Co-founder and CEO Shubhika Jain said Dabur’s 141-year legacy of building trusted, purpose-led brands makes it a natural ally. The capital infusion, she noted, will help accelerate the brand’s omnichannel footprint, deepen research capabilities and invest in team and brand building, with an eye on establishing Ras as a leading Indian luxury skincare name both domestically and overseas.
With this move, Dabur is not just investing in a skincare label. It is placing an early wager on India’s growing appetite for premium, conscious beauty, and signalling that heritage FMCG players are ready to play in the new-age D2C arena.
