Highlights• Vodafone Idea soars nearly 20% as the government converts ₹369.50 billion dues into equity.• M&M reports record tractor sales in FY25, expects momentum to continue into Q1 FY26.• TVS Motor posts a 17% rise in total sales for March 2025.• Maruti Suzuki sells fewer than 200,000 cars, but exports surge 27%.• India’s generic pharma sector may avoid significant tariff impact, says Jefferies.Equity markets tumbled on the first trading session of the new financial year, as investors remained cautious ahead of US President Donald Trump’s reciprocal tariffs, set to take effect on April 2.
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