Ujjwal Kumar, managing director of Nomura Fixed Income Securities, has resigned following a Bloomberg report alleging Nomura Holdings is investigating its India fixed-income unit for potentially inflated profits. The company denies any compliance investigation into the issues described, despite a recent net loss in the September quarter attributed to mark-to-market losses.
Pankaj Tibrewal sees stronger top-line growth driving India’s next earnings cycle
Indian companies are poised to navigate input cost pressures and sustain growth, with the upcoming earnings season expected to be the next market trigger. Experts
June 30, 2026