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Market snapshot: Elgi Equipments’ wholly owned US subsidiary, Elgi Compressors USA Inc., has received a tariff refund of $2.68 million, which translates to approximately ₹25.6 crore. The refund, issued by U.S. Customs and Border Protection, is the result of a US Supreme Court directive instructing the government to return excess tariffs collected from importers.
Market snapshot: Goldiam International Limited has bagged a fresh export order valued at ₹60 crore from US-based clients for the manufacturing and export of lab-grown diamond jewellery. This order, excluding online bookings, is scheduled to be completed by October 31, 2026, further cementing the company’s position in the high-margin sustainable luxury export segment.