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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.
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By Manu VArdhan Kannan
Published on August 13, 2025
In the world of hospitality, where first impressions and lasting experiences define success, Sumit Sharma’s story is a testament to what unwavering focus can achieve. From the modest lanes of Malout in Punjab to the bustling avenues of Manhattan, his journey reflects the grit and adaptability that the industry demands. Today, as General Manager of RAA NYC LLC, he oversees one of New Jersey’s respected restaurant brands, bringing a blend of Indian resilience and international finesse to his role.
Sumit’s foundation was built far from the luxury dining rooms he now manages. Raised in a traditional household and educated in local schools, he began his career with limited resources but a clear vision. When he moved to Jaipur for hotel management studies, he encountered the dual challenge of adjusting to English-medium learning and embracing an entirely new culinary world. Even as a vegetarian, he mastered the preparation of non-vegetarian dishes, proving early on that adaptability would be his strongest skill.
His professional journey took shape through hands-on roles that many might overlook but which became critical learning grounds. Outdoor catering assignments sharpened his operational agility, while a stint as Brew Master at Café Coffee Day introduced him to the artistry of coffee, a craft that later earned him national recognition. His move into luxury hospitality at Jaipur Marriott Hotel marked a turning point, with relentless self-training and curiosity propelling him beyond his initial role.
International exposure came through back-to-back victories in the Hilton Pan-India Barista Championship, where he represented India in Bangkok and Malaysia. Yet, his rise was not without setbacks — including the loss of a coveted overseas posting due to unforeseen natural disasters. Rather than deterring him, these experiences reinforced his belief that every obstacle could become a stepping stone toward something greater.
Today, Sumit’s leadership is grounded in the same principles that defined his early years: humility, discipline, and a commitment to service excellence. His presence in New Jersey’s competitive dining scene is more than a personal achievement; it is an inspiring example for hospitality professionals everywhere that dedication, skill, and resilience can bridge continents and create careers that transcend boundaries.
Published on August 12, 2025
Thailand’s low-cost airline Nok Air will resume direct flights from Mumbai and Hyderabad to Bangkok’s Don Mueang International Airport (DMK) starting October 26, 2025, coinciding with the beginning of the winter travel season.
The carrier will operate daily flights from Mumbai and four weekly services from Hyderabad, reinstating routes that had been paused during the summer months. The move highlights Nok Air’s renewed focus on the Indian market, offering travellers easier access to Thailand’s rich cultural heritage, wellness retreats, and beach destinations.
From Bangkok, passengers will have convenient connections to popular Thai holiday spots such as Phuket, Chiang Mai, Krabi, and Chiang Rai, along with niche travel segments including golf tours, destination weddings, and spa getaways.
Nok Air will offer two fare categories on these routes:
Nok Air X-tra: 20 kg checked baggage, 7 kg cabin baggage, premium seat selection, in-flight entertainment, and a complimentary snack box with water.
Nok Max: 30 kg checked baggage, 7 kg cabin baggage, premium seat selection, and a complimentary snack box with water.
Flight Schedule:
Mumbai – Bangkok
DD939: Departs 02:10, arrives 08:05 (daily)
DD938: Departs 22:10, arrives 01:10 (daily)
Hyderabad – Bangkok
DD959: Departs 00:45, arrives 06:05 (Mon, Wed, Thu, Sat)
DD958: Departs 21:30, arrives 23:45 (Tue, Wed, Fri, Sun)
Ramesh Marwah, Director at DEX Group (Nok Air’s GSA in India), said the timing is ideal for peak travel demand. “There is strong demand for leisure travel, MICE, weddings, and golf tourism from India to Thailand. We will work closely with trade partners, online travel agencies, and industry federations to support and grow these segments,” he noted.
Nok Air, operated by Nok Airlines Public Company Limited, has a fleet of 14 Boeing 737-800 aircraft and operates an extensive domestic network in Thailand alongside select international services to India and China. Positioned as a premium budget carrier, the airline combines competitive fares with added comfort, including spacious seating and in-flight entertainment.
Published on August 11, 2025
In a move that brings India’s island charm to global attention, the Indian Hotels Company Limited (IHCL) has opened two new resorts under its SeleQtions brand in Lakshadweep. Nestled within the untouched beauty of the archipelago, the 60-room Bangaram Island Resort and the glamping-style Coral Pearl are designed to offer a unique and sustainable retreat for travellers.
The Coral Pearl resort features 50 luxury tents set against the serene backdrop of Lakshadweep’s white sandy beaches. Meanwhile, Bangaram Island Resort focuses on eco-conscious hospitality, inviting guests to connect with nature while enjoying comfort and luxury.
Visitors to the islands can dive into adventure with activities like scuba diving, kayaking, snorkelling, and guided nature trails, each curated to explore the region’s rich marine biodiversity.
Puneet Chhatwal, Managing Director and CEO of IHCL, shared his thoughts on the launch:
“In keeping with IHCL’s legacy of pioneering destinations in India, the two resorts on Bangaram island put Lakshadweep on the global tourism map. Reflective of our ethos of responsible tourism, the eco-resorts set in the pristine white beaches offer distinctive experiences rooted in the local essence.”
With this launch, IHCL continues its journey of opening up new travel experiences rooted in India’s diverse landscapes. The addition of these Lakshadweep resorts extends their island offering and adds a fresh option for travellers seeking exclusivity and tranquillity.
IHCL currently operates a portfolio of 400 hotels globally, including 151 in the pipeline, spread across four continents, 14 countries, and over 150 destinations.
In recent developments, the group also announced a Taj-branded hotel in Naina Tikker, Himachal Pradesh, with 120 rooms and stunning views of the Dhauladhar mountain range. Additionally, it has signed a new Gateway hotel in Pune, Maharashtra, further strengthening its footprint in India.
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