Latest news with #NFRA
Yahoo
12 hours ago
- Health
- Yahoo
June Dairy Month Serves Up Fresh, Fast, Family-Ready Solutions
New Research Shows Parents Rely on Refrigerated Aisle Staples to Keep Summer Meals Easy and Nutrient-Packed HARRISBURG, Pa., June 9, 2025 /PRNewswire/ -- Whether packing for a road trip, prepping lunches, or fueling up between summer activities, families are turning to the refrigerated dairy aisle for solutions that are fresh, fast, and family-ready. New research from the National Frozen & Refrigerated Foods Association (NFRA) reveals that 77% of adults see refrigerated foods as a fresh way to build meals, and 70% associate them with wellness benefits, making them a go-to choice for parents navigating busy summer routines. Click here to view June Dairy Month multimedia assets. To celebrate June Dairy Month, NFRA is highlighting how today's refrigerated aisle is meeting evolving needs with health-forward, grab-and-go options and bold new flavors. Lifestyle expert and TV personality Evette Rios is helping bring the aisle to life, sharing simple recipes and ideas to make mealtime easier all summer long. "Summer moves fast, and so do families," says Rios. "The dairy aisle is packed with everyday essentials that help parents stay prepared—pre-portioned snacks, protein-rich ingredients, and fresh twists on family favorites." Speed Meets Substance in the Refrigerated AisleFrom string cheese and yogurt tubes to cottage cheese cups, dips, and refrigerated doughs, shoppers are turning to the dairy aisle for quick, delicious snacking and mealtime solutions. With so many fresh and nutrient-packed options, it's no wonder parents rely on these staples to keep summer meals easy and satisfying. And when school's out and routines shift, pre-portioned dairy items become a key player in household meal planning—ideal for portion control, reducing waste, and keeping protein-packed options on hand for kids and adults alike. New Tastes, New PossibilitiesToday's dairy aisle is packed with inspiration for every kind of eater—from protein-packed snacks to bold, globally inspired flavors and family-friendly favorites. Research shows that while most consumers already associate refrigerated items with health and freshness, there's growing excitement around discovering new formats, cultural flavors, and time-saving solutions that bring more variety to the table. "It's easy to elevate everyday meals with just a few items from the fridge," says Rios. "Whether you're entertaining or just getting dinner on the table, the dairy aisle has what you need to make it work." Celebrate All Month Long—And Find Inspiration at part of the celebration, NFRA is inviting consumers to discover just how easy—and delicious—mealtime can be with help from the dairy aisle. Throughout June Dairy Month, is your go-to destination for summer recipes, helpful tips, and quick ideas using refrigerated favorites. While you're there, don't miss your chance to enter the June Dairy Month $10,000 Sweepstakes—open now through July 2. It's the perfect way to explore new flavors, stock up on staples, and make the most of mealtime all summer long. About National Frozen & Refrigerated Foods Association (NFRA)NFRA is a non-profit trade association representing all segments of the frozen and refrigerated foods industry. NFRA sponsors national promotions ReDiscover Dairy & Frozen (January), March Frozen Food Month, June Dairy Month and Summer Favorites Ice Cream & Novelties (June/July); and provides consumer information such as food safety guidelines, meal preparation tips, recipes and sweepstakes opportunities through its Easy Home Meals consumer website and social media properties. To learn more, visit View original content to download multimedia: SOURCE National Frozen & Refrigerated Foods Association Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Economic Times
27-05-2025
- Business
- Economic Times
IndusInd Bank shares in focus amid NFRA complaint over audit discrepancies
Shares of IndusInd Bank will be in focus on Tuesday following reports that the National Financial Reporting Authority (NFRA) has received a complaint highlighting audit lapses related to the bank's forex derivative portfolio. ADVERTISEMENT The complaint, lodged via the government's Centralised Public Grievance Redress and Monitoring System, has sparked a wider regulatory scrutiny. According to earlier ET reports, NFRA is consulting with the Reserve Bank of India (RBI) to decide whether to launch a formal probe into the bank's books. Additionally, the Securities and Exchange Board of India (SEBI) and the Institute of Chartered Accountants of India (ICAI) are also examining the matter for potential regulatory violations and accounting complaint centres on discrepancies identified by IndusInd Bank itself during an internal review of its derivative irregularities, tied to transactions spanning over 7–8 years up to FY24, could result in a financial impact of nearly Rs 1,600 crore post-tax and Rs 2,100 crore pre-tax, with the bank earlier flagging a potential 2.35% hit on its net worth as of December 2024. ADVERTISEMENT Additionally, according to a report by NDTV Profit, J Sridharan, the executive vice chairman of Bharat Financial Inclusion, has resigned with immediate effect. Bharat Financial Inclusion serves as the microfinance subsidiary of IndusInd Bank. Further, two other officials responsible for handling loan data have been asked to leave. These exits come in the wake of findings that revealed significant accounting gaps in the microlending business. ADVERTISEMENT IndusInd Bank reported a consolidated net loss of Rs 2,329 crore in its Q4FY25 versus a net profit of Rs 2,349 crore in the year ago period period amid losses in its derivatives segment. ADVERTISEMENT The private lender reported net interest income of Rs 3,048 crore in Q4FY25, which was down 43% YoY versus Rs 5,376 crore reported in the year ago bank earned interest income of Rs 10,634 crore in the quarter under review, down 13% from Rs 12,199 crore reported in the corresponding quarter of the last financial year. Also read: EQT firm Sagility B.V. to offload up to Rs 2,671 crore stake in Sagility India via offer for sale ADVERTISEMENT Over the past one year, IndusInd Bank's stock has declined sharply by 44.50%. The year-to-date (YTD) performance shows a fall of 17.43%, while the six-month return is down by 20.73%. In the last three months alone, the stock has dropped 22.59%, and over the past month, it has slipped 2.68%. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
26-05-2025
- Business
- Time of India
NFRA gets complaint against audit lapses at IndusInd Bank
The National Financial Reporting Authority ( NFRA ) has received a complaint against crisis-ridden IndusInd Bank , which has prompted the audit watchdog to gather inputs from the banking regulator, a person aware of the development said. NFRA has received the complaint over accounting discrepancies in IndusInd Bank's forex derivative portfolio through the Centralised Public Grievance Redress and Monitoring System, which is an online platform for citizens to lodge their grievances with the authorities. Based on its discussions with the Reserve Bank of India ( RBI ), NFRA may take a final call on whether to launch a probe into IndusInd's books, the person said. Already, apart from the RBI, capital markets watchdog Sebi is looking into any 'egregious violation' of norms by the lender that falls within its jurisdiction. The Institute of Chartered Accountants of India is also reviewing IndusInd Bank's books for any accounting lapses. Last month, IndusInd Bank said the accounting discrepancies in its forex derivative portfolio could have an adverse impact of around 2.35% on its net worth as of December 2024. The deficiencies were then estimated to have a financial impact of nearly Rs 1,600 crore post-tax and about Rs 2,100 crore pre-tax on the bank. The private lender, during an internal review of processes relating to other assets and liability accounts of the derivative portfolio, had found discrepancies in its derivative portfolio linked to transactions over 7-8 years through FY24. Last week, IndusInd Bank reported a consolidated net loss of Rs 2,329 crore for the March quarter. The losses were driven by higher provisioning towards accounting frauds. Suspecting involvement of certain employees, the bank's board also directed the lender to report the matter to investigative agencies and regulatory authorities. The bank is also undergoing a forensic probe .
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Business Standard
26-05-2025
- Business
- Business Standard
NFRA gets IndusInd Bank complaint; in talks with RBI to avoid probe overlap
The authority, however, is in talks with the Reserve Bank of India (RBI) to cross-check the investigations, including a forensic audit, that the central bank has conducted so far to avoid duplication New Delhi Listen to This Article The National Financial Reporting Authority (NFRA) has received a complaint over accounting lapses at IndusInd Bank through the Centralised Public Grievance Redress and Monitoring System (CPGRAMS), according to people in the know. The authority, however, is in talks with the Reserve Bank of India (RBI) to cross-check the investigations, including a forensic audit, that the central bank has conducted so far to avoid duplication, sources said. 'If RBI is already looking into the same issues and they are the regulators of banks, then NFRA need not do the same exercise again,' the source said. IndusInd Bank on March 10 had
Yahoo
07-04-2025
- Business
- Yahoo
Indian government appoints Ravneet Kaur as interim NFRA chair
The Indian government has appointed Ravneet Kaur, current chairperson of the Competition Commission of India, as the interim chairperson of the National Financial Regulatory Authority (NFRA) for a three-month period starting from 1 April 2025. This decision comes after the term of the previous NFRA chief Ajay Bhushan Pandey concluded on 31 March, reported news agency PTI. Kaur is serving as the fifth chairperson of the CCI. She has worked on anticompetitive conduct within various sectors, including pharmaceuticals, automobiles, media and entertainment, and aviation. In her new role at NFRA, she will focus on the regulation of audit firms for listed companies. The NFRA, established on 1 October 2018 under the Companies Act, 2013, is currently navigating through legal challenges concerning the separation of its review and disciplinary functions. The Supreme Court has issued an interim order permitting NFRA to continue its investigations where audit quality review reports have not been prepared, and final orders are pending. Kaur's background includes roles as joint secretary in the department of industrial policy and promotion, chairperson and managing director of India Tourism Development Corporation, and principal secretary in various departments of the Government of Punjab. She has also held positions in financial services, economic affairs, and disinvestment departments and has been associated with multiple organisations such as Punjab Communications, Exim Bank, and India Infrastructure Finance Company. Her international experience includes working as a consultant with the International Food Policy Research Institute in Washington DC and as a Hubert H Humphrey Fellow at Cornell University in the US. The appointment comes at a time as the Big Five audit firms in India have recently raised concerns about NFRA's operational methods, suggesting potential conflicts with the Companies Act 2013. These firms have highlighted issues with the NFRA's executive body performing both review and disciplinary actions, which they believe could affect neutrality and objective assessment. "Indian government appoints Ravneet Kaur as interim NFRA chair" was originally created and published by The Accountant, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
