1-hour hold on online payments above ₹10,000: Musk says - WhatsApp is reading your private messages, Swiggy's co-founder Lakshmi resigns. New Delhi 6 hours ago Yesterday's big news was related to online payments. It may soon happen that your online transaction of over ₹10,000 does not happen immediately. There could be a 1-hour delay in it. Meanwhile, X social media platform owner Elon Musk and Telegram CEO Pavel Durov have raised questions about WhatsApp's privacy. Before yesterday's big news, today's headlines... * The stock market will remain closed today due to Saturday holiday. * There has been no change in petrol-diesel prices. Now read yesterday's big news... 1. 1-hour hold on online payments above ₹10,000: Opportunity to cancel wrong transactions, RBI also suggested 'kill switch' It may soon happen that your online transaction of over ₹10,000 does not happen immediately. There could be a 1-hour delay in it. This will give customers an opportunity to stop or cancel wrong transactions. RBI has made this proposal to curb increasing digital fraud in the country. RBI believes that fraudsters often create psychological pressure to transfer money in haste, this delay will eliminate that pressure. Currently, most digital transactions happen instantly, which doesn't give users time to think or correct mistakes. 2. Indian homes have more gold than world's top-10 banks: Its value is ₹830 lakh crore; No country except America-China has this much GDP Indian homes and temples have 50,000 tons of gold stored, whose value is approximately 10 trillion dollars i.e. about ₹830 lakh crore. According to a report by Indian traders' organization ASSOCHAM (The Associated Chambers of Commerce and Industry of India), this is even more than the total reserves of the world's 10 largest central banks. Indians have so much gold that it exceeds the annual GDP of almost every country in the world except America and China. ASSOCHAM says that if this gold is invested in the country's banking system or business, the speed of Indian economy could increase manifold. 3. Musk says - WhatsApp is reading your private messages: It's not trustworthy, Telegram CEO called it encryption fraud; Demanded compensation from court X social media platform owner Elon Musk and Telegram CEO Pavel Durov have raised questions about WhatsApp's privacy. Musk said that WhatsApp cannot be trusted. Meanwhile, Durov called it the biggest 'encryption' fraud in history. This controversy started after a new class action lawsuit filed against WhatsApp in America. This lawsuit was filed in January this year by two users named Brian Y. Shirazi and Nida Samson in California's federal court. 4. Swiggy's co-founder Lakshmi Reddy resigns: Kishan-Rahul appointed additional directors, Alves Pinto becomes nominee director Food and grocery delivery platform Swiggy's co-founder Lakshmi Nandan Reddy Obul has resigned from the company's board. Swiggy gave this information in Friday's regulatory filing. Obul was handling the responsibility of whole-time director and head of innovation in the company. His resignation will be effective from April 10. The company said that Obul now wants to focus on his other professional interests, hence he took this decision. Along with Obul's departure, several important appointments and rule changes in Swiggy's board have also been approved. 5. Royal Enfield's first electric bike 'Flying Flea C6' launched: Price ₹2.79 lakh, available for ₹1.99 lakh in BaaS model; Test ride starts in Bangalore from today Royal Enfield has launched its first electric bike 'Flying Flea C6'. Its ex-showroom price is ₹2.79 lakh. However, the company has also given the option of 'Battery as a Service'. Under this model, the bike's price will reduce to ₹1.99 lakh. Booking and test ride of this electric bike has started first in Bangalore from today, April 10. Also see who were the world's top-10 richest yesterday... Know yesterday's stock market and gold-silver status... Know the latest prices of petrol-diesel and domestic gas cylinder...

Swiggy co-founder Lakshmi Reddy resigns: kishan-rahul appointed Additional Directors, Alves Pinto becomes Nominee Director. New Delhi 2 hours ago Lakshmi Nandan Reddy Obul, co-founder of food and grocery delivery platform Swiggy, has resigned from the company's board. Swiggy disclosed this information in a regulatory filing on Friday. Obul was serving as a Whole-time Director and Head of Innovation at the company. His resignation will be effective from today (April 10). The company stated that Obul now wants to focus on his other professional interests, which led him to make this decision. Along with Obul's departure, several important appointments and rule changes in Swiggy's board have also been approved. Alves Pinto appointed Nominee Director Swiggy's board has approved the appointment of Renan de Castro Alves Pinto as a Nominee Director. He will lead Prosus Ventures. He will replace Roger Rabalais, who is stepping down from the Swiggy board due to a change in his role at Prosus Ventures. Additionally, Swiggy's co-founder and Chief Growth Officer Phani Kishan Adepalli and Group CFO Rahul Bothra have been appointed as Additional Directors. Their appointments will be effective from June 1, 2026. Lakshmi Nandan Reddy Obul. CEO says - Nandan's vision crucial for the company On these changes in the board, Swiggy Group CEO Sriharsh Majety said, 'Nandan has been a visionary force in Swiggy's journey. His contribution has been crucial in building Swiggy from a neighborhood in Bengaluru into a nationwide platform.' Regarding Phani and Rahul's appointments, Majety said, 'Both have been with us since Swiggy's early days. They have handled the business during the toughest and most critical times for the company. As we move into the next phase of growth, their understanding and experience will help us achieve our long-term targets.' Changes in Articles of Association, CEO gets new powers Swiggy stated in the filing that the board has approved changes to the Articles of Association (AoA). Under this, rules related to nomination rights (rights to appoint directors) of Excel and SoftBank have been removed. Additionally, a rule change has been made that grants CEO Sriharsh Majety the authority to nominate himself and any one member of senior management to the board. However, this authority will be subject to certain conditions. Read this news too... Shapoorji Mistry comes in favor of Tata Sons listing: Says - It's not just a regulatory requirement, but a necessary step for transparency Shapoorji Pallonji (SP) Group Chairman Shapoorji Pallonji Mistry has once again advocated for the listing of Tata Sons. In a statement issued on Friday, Mistry said that it is essential to list Tata Sons in the stock market. This will not only increase transparency in the group but also strengthen governance and accountability. It is worth noting that the Shapoorji Pallonji Group holds about an 18% stake in Tata Sons. Read the full story... There are more news...

Swiggy co-founder's exit: who is Nandan Reddy, who quit company amid board reshuffle? Swiggy co-founder Nandan Reddy stepped down from the company's board on Friday (April 10). Now, the company has stated that it has named co-founder Phani Kishan and Group CFO Rahul Bothra as Executive Directors. Published: April 10, 2026 9:49 PM IST Swiggy co-founder exit: Nandan Reddy, one of the co founders of the online food ordering and delivery company, will step down from the company's board and move on from the company to pursue personal independent projects. The move comes at a time when the company is undertaking a broader reshuffle of its board. Swiggy announced a series of strategic updates to its Board of Directors at its meeting held on Friday. The company has named co-founder Phani Kishan and Group CFO Rahul Bothra as Executive Directors, effective June 1, 2026, and has brought in Renan De Castro Alves Pinto of Prosus Ventures as a Nominee Director. "Phani and Rahul have been with Swiggy since the early days and have been instrumental in steering the company through its most defining chapters. Their understanding of our business and unwavering focus on both innovation and execution have been foundational to our journey. As we enter the next phase of our growth, their perspective will be invaluable in shaping our long-term direction," said Sriharsha Majety, Group CEO, Swiggy. Who is Nandan Reddy? He was born and raised in Hyderabad, and with an MSc in Physics from the Birla Institute of Technology and Science (BITS), Pilani, he graduated in 2010. Before Swiggy, Reddy gained diverse experience as a management consultant at Intellecap and worked with IDinsight. He also led India's first rural BPO at Source Pilani. Reddy founded Galla (a cloud-based POS for restaurants) and was a founding partner at Zurna, a restaurant in Hyderabad. Meanwhile, over his 12-year tenure at Swiggy, he held various leadership positions, with the most recent being a Whole-Time Director and Head of Innovation, where he led Crew, Swiggy's AI concierge offering. According to sources, Reddy is set to start his own venture and will spend more of his time building the new startup. Reddy and Majety had started Swiggy along with Rahul Jaimini, who quit in 2020 to start his own company, Pesto Tech. Swiggy leadership to be taken up by Rahul Bothra. Following the departure, the board has named co-founder Phani Kishan and Group CFO Rahul Bothra as Executive Directors. The move will be effective from June 1, 2026. The company has also brought in Renan De Castro Alves Pinto of Prosus Ventures as a Nominee Director. The company's board also approved amendments to its articles of association "to rationalise and update the provisions relating to nomination rights on the board". It will now seek the approval of its shareholders for the amendments. Meanwhile, Prosus' board representation at the company will change, with Roger Clark Rabalais stepping down and Renan De Castro Alves Pinto, another Prosus executive, replacing him as Nominee Director. Prosus is the single-largest shareholder in Swiggy with a stake of more than 20 percent. For breaking news and live news updates, like us on Facebook or follow us on Twitter and Instagram. Read more on Latest Business News on India.com.