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UPI Ends Free Era: 0.4% Fee on Merchant Payments Above ₹2,000 From October 15
NPCI introduces 0.4% MDR on UPI merchant payments above ₹2,000 from October 15, 2026. P2P transfers and transactions under ₹2,000 remain free. Small merchants earning up to ₹1 lakh monthly pay zero fees.
Cue and Veronika Maine Enter Administration on September 15
Cue and Veronika Maine enter voluntary administration on September 15. The 58-year-old Australian fashion brands operated 51 stores but could not cover overhead costs despite a 5% sales increase.
Cumulus and Zimmer Press FCC to Lift Radio Ownership Caps, September 15
Cumulus Media and Zimmer Communications urge FCC to repeal local radio ownership caps, citing competition from Spotify, YouTube, and digital ad platforms that have cut into broadcast radio revenues since 1996.
airBaltic Files Chapter 11 as Iran War Costs Bite; €350M Financing Secured
airBaltic files for Chapter 11 bankruptcy on September 14, 2026, with €350 million financing secured. Operations continue as normal. The Latvian flag carrier cites Iran war costs and engine shortages.
Hyperliquid USD Rallies 4.3% to $80.59 on Corporate Buyback Plan
HYPEUSD jumped 4.3% to $80.59 after Hyperliquid Strategies expanded equity capacity to $2.5 billion, signaling potential token purchases.
Sanders Backs 32-Hour Workweek Bill as Congress Debates Labor Reform
Bernie Sanders’ new 32-hour workweek bill would gradually lower the federal overtime threshold from 40 to 32 hours over four years with no pay cuts. Critics warn it could cost jobs.
Zimmer Biomet Cuts Up to 580 Jobs in Winterthur as Restructuring Accelerates
Zimmer Biomet plans to cut up to 580 jobs at its Winterthur plant, affecting 79% of the 730-person workforce. The restructuring aims to streamline manufacturing, though final numbers may change during consultation.
Sensex Falls 121 Points as Brent Crude Hits $108 on September 11
Sensex fell 121 points to 74,781.76 and Nifty dropped 80 points to 23,398.10 on September 11 as Brent crude jumped to $108 amid West Asia conflict and foreign fund outflows.
Solana Rallies 3.8% to $102.48 as Morgan Stanley Trust Filing Signals Institutional Demand
Solana jumped 3.8% to $102.48 on September 11 after Morgan Stanley filed for a spot Solana Trust, signaling growing institutional adoption.