Swiggy's Lock-In Expiry to Release INR 3,300 Crore Worth Shares

Swiggy's Lock-In Expiry to Release INR 3,300 Crore Worth Shares

By Manu Vardhan Kannan

Published on February 1, 2025

Swiggy, one of India’s top food delivery platforms, is set to experience a major stock market development as its lock-in period for pre-IPO shares comes to an end. Over the next month, 7.8 crore shares, valued at INR 3,345 crore based on current market prices, will become eligible for trading. This phased unlocking could stir market interest and impact stock liquidity.

The unlocking process will take place in multiple stages. The first batch of 29 lakh shares will be available for trade on January 29, followed by smaller releases of 3 lakh shares on January 31 and 1 lakh shares on February 19. However, the most significant tranche - 6.52 crore shares, accounting for nearly 3 per cent of Swiggy’s total outstanding shares will be unlocked on February 10. The final batch of 96 lakh shares will become tradable on February 24.

The valuation of these shares is based on Swiggy’s latest closing price of INR 428.30 on the BSE. While such a large release of shares could create supply pressure, analysts at Nuvama suggest that the impact might be moderated as a significant portion is held by promoters and institutional investors who may not offload them immediately.

Meanwhile, Swiggy has announced that its board will convene on February 5, 2025, to review and approve its unaudited financial results for the quarter and nine months ending December 31, 2024. This will be the company’s second earnings report since going public.

In its July-September 2024 quarter, Swiggy reported a net loss of INR 625 crore, an improvement from INR 657 crore in the same period last year. However, revenue surged 30 per cent year-on-year, reaching INR 3,601 crore from INR 2,763 crore in Q2 FY24.

Since its IPO in 2024, Swiggy has remained a dominant force in India’s fast-evolving food-tech sector, competing against Zomato and emerging quick-commerce players. With its lock-in expiry approaching, investors are closely watching market reactions and liquidity shifts. Over the past month, Swiggy’s stock has dropped over 21 per cent, including a nearly 3 per cent decline in the last week alone.


The Fern Hotels & Resorts Launches Desert Inn Beacon Greater Rann of Kutch

The Fern Hotels & Resorts Launches Desert Inn Beacon Greater Rann of Kutch

By Manu Vardhan Kannan

Published on July 22, 2026

The Fern Hotels & Resorts has announced the launch of Desert Inn Beacon Greater Rann of Kutch, further strengthening its presence in Gujarat. The new property becomes the brand's 37th operational hotel in the state, reflecting its continued expansion in one of India's fastest-growing tourism markets.

Located near the iconic Greater Rann of Kutch, the hotel offers a comfortable stay for both leisure and business travellers, combining modern amenities with warm hospitality. It also serves as a convenient base for guests looking to explore the region's most popular attractions, including the Road to Heaven, the breathtaking White Rann, stunning desert sunsets, stargazing experiences, and the traditional artisan villages that showcase Kutch's rich cultural heritage.

Commenting on the launch, Suhail Kannampilly, Chairman & Managing Director, The Fern Hotels & Resorts, said, "The Greater Rann of Kutch has emerged as one of India's most sought-after tourism destinations, attracting travellers from across the world with its extraordinary landscapes, vibrant culture and unique experiences. With the launch of Desert Inn Beacon Greater Rann of Kutch, we are delighted to expand our footprint in Gujarat and offer guests a comfortable stay that complements the destination's distinctive charm while reflecting our commitment to quality hospitality and exceptional guest experiences."

Prahlad Singh, Partner, Hotel Desert Inn, added, "We are delighted to partner with The Fern Hotels & Resorts to introduce Desert Inn Beacon Greater Rann of Kutch, a destination that reflects the unique spirit and cultural richness of Kutch. Our vision is to offer guests a memorable stay that seamlessly blends modern comfort with authentic local experiences. We look forward to welcoming travellers from across India and around the world to explore the unparalleled beauty of the White Rann while enjoying warm hospitality and thoughtfully curated services."

The hotel features 35 thoughtfully designed rooms and suites, offering guests a comfortable and relaxing stay. Dining options include Utsav, the hotel's pure vegetarian multi-cuisine restaurant, serving a selection of local and international dishes along with beverages, snacks, and savouries. Guests can also enjoy the convenience of in-room dining.

To cater to a wide range of travellers, the property offers a banquet hall, dedicated meeting room, and swimming pool, making it suitable for family holidays, corporate retreats, business meetings, and social events.

The hotel enjoys convenient connectivity, located approximately 67 km from Bhuj Airport, 67 km from Bhuj Railway Station, and 69 km from Bhuj Bus Stand. With its modern facilities, comfortable accommodations, and proximity to the region's most celebrated attractions, Desert Inn Beacon Greater Rann of Kutch is set to become a preferred destination for travellers exploring the beauty and cultural heritage of Gujarat.


Accor Mid Year Sale Offers Up to 25% Off Stays at Novotel Vijayawada Varun

Accor Mid Year Sale Offers Up to 25% Off Stays at Novotel Vijayawada Varun

By Hariharan U

Published on July 22, 2026

Novotel Vijayawada Varun is inviting travellers to make the most of the season with Accor’s Mid Year Sale, offering up to 25% savings on stays and experiences at the hotel.

The limited-time offer, available across more than 1,500 participating Accor hotels in Asia Pacific, Africa, and other destinations, provides an opportunity for guests to plan city breaks, family holidays, business trips, and relaxing staycations at attractive value.

Bookings for the offer are open until 31 July 2026, with stays valid until 30 September 2026. Guests can enjoy 20% savings, while members of ALL – Accor Live Limitless, Accor’s lifestyle loyalty programme, receive an additional 5% discount. The offer comes with no minimum stay requirement and is subject to availability and applicable terms and conditions.

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Commenting on the offer, Manish Pathak, Hotel Manager, Novotel Vijayawada Varun, said, "At Novotel Vijayawada Varun, we believe a memorable getaway should be both accessible and exceptional. Accor's Mid Year Sale gives travellers the perfect opportunity to experience our warm hospitality and distinctive dining experiences at even greater value. Whether it is a relaxing weekend staycation, a family break or a business trip extended into leisure, we look forward to welcoming guests for an unforgettable stay in the heart of Vijayawada."

As Vijayawada’s only five-star deluxe hotel, Novotel Vijayawada Varun offers contemporary accommodation combined with modern amenities and personalised hospitality. The property features 233 elegantly designed rooms and suites, a rejuvenating spa, fitness centre, and an infinity swimming pool overlooking the city.

Beyond accommodation, guests can explore a diverse range of dining experiences at the hotel. The live Teppanyaki experience at Red Bowl, international cuisine at Food Exchange, handcrafted beverages at Gourmet Bar, panoramic city views at Skydeck, and artisanal desserts from The Cake Factory create a complete culinary journey for visitors.

The hotel also continues to focus on responsible hospitality through initiatives including complimentary EV charging facilities for guests and sustainability practices aligned with Accor’s commitment towards environmentally conscious operations.

Travellers who are not yet members of ALL – Accor Live Limitless can join the programme for free to access exclusive member rates, rewards, and special offers throughout the year.

The Accor Mid Year Sale is available for bookings until 31 July 2026, with stays valid through 30 September 2026.


Indian Railways Launches First Hydrogen-Powered Train on Jind–Sonipat Route

Indian Railways Launches First Hydrogen-Powered Train on Jind–Sonipat Route

By Manu Vardhan Kannan

Published on July 20, 2026

 Indian Railways has introduced the country's first indigenously built hydrogen-powered passenger train, marking a significant step in its clean transportation journey. Named NaMo Green Rail, the train will operate on the Jind–Sonipat section of Northern Railway in Haryana.

Prime Minister Narendra Modi inaugurated the hydrogen-powered locomotive ahead of its maiden journey, describing the launch as an important milestone in India's vision of becoming both self-reliant and environmentally sustainable.

With the launch, India joins a select group of countries, including Germany, Japan, China and the United States, that have introduced hydrogen-powered passenger rail services. Germany was the first country to launch a commercial hydrogen-powered train fleet in 2022.

Designed, engineered and built entirely in India, NaMo Green Rail emits only heat and water vapour, making it a zero-emission alternative to diesel-powered trains. The initiative forms part of the government's broader efforts to expand hydrogen-based mobility and reduce carbon emissions across the transport sector.

The 10-coach train has a seating capacity of around 2,600 passengers and can operate at speeds of up to 75 km/h. It will run two return trips daily on the 90-kilometre route connecting Jind and Sonipat.

One of the key highlights of the new service is its affordable pricing. According to railway officials, ticket fares start at ₹5, with the highest fare capped at ₹25, depending on the distance travelled. Passengers on the inaugural service were also able to purchase tickets priced at ₹5.

Although Indian Railways has already electrified nearly all of its 70,000-kilometre rail network, hydrogen-powered trains provide a practical solution for routes where complete electrification may not be feasible.

The introduction of NaMo Green Rail aligns with the government's ambition to make Indian Railways net-zero by 2030, while supporting India's wider clean energy goals through increased adoption of hydrogen, renewable energy and other sustainable technologies.

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