| | JULY 20268Zepto Ltd. is targeting a sig-nificantly lower valuation for its initial public offer-ing than its previous $7 billion peak, as concerns over cash burn and profitability weigh on inves-tor sentiment. Domestic institutional investors reportedly value the quick-commerce firm between $3 billion and $3.5 billion. Zepto plans to raise up to $850 million through the IPO, although the valuation, issue size, and timeline remain under discussion.Shares in the unlisted market currently value the company at around $5.1 billion, below earlier estimates. Backed by investors includ-ing Nexus Venture Partners and Glade Brook Capital, Zepto competes with Blinkit, Swiggy, Amazon India, and BigBasket. The company is also pre-paring to launch its premium grocery service, Select, soon to expand its premium retail offer-ings. Hyundai Motor India Limited (HMIL) has integrated over 30,000 EV charging points into its myHyundai app, creating one of India's largest unified charging networks. Developed with leading charge point operators, the platform is accessible to elec-tric vehicle owners across all brands. Users can locate nearby chargers, reserve slots, navigate to stations, and make digital pay-ments through a single interface. The network provides charging access within an aver-age 25-km range across India, covering major highway corri-dors. HMIL also plans to expand its exclusive DC fast charging network from 183 stations to 600 by 2030. The company said its charging infrastructure has helped prevent 3.5 million kg of carbon dioxide emissions while supporting wider electric vehicle adoption nationwide through enhanced charging accessibility. HYUNDAI MOTOR INDIA ADDS 30,000 EV CHARGING POINTS ZEPTO EYES IPO AT A REDUCED VALUATION NEWSROOM AUTOMOTIVE STARTUPS The Andhra Pradesh govern-ment has approved power infrastructure projects worth Rs 521.58 crore under the Revamped Distribution Sector Scheme (RDSS) to ensure unin-terrupted electricity during the Akhanda Godavari Maha Pushkara-lu-2027. The 12-day pilgrimage is ex-pected to attract nearly one crore devotees daily, creating an addi-tional power demand of around 100 MW in Rajahmundry. Approved by the State Distri-bution Reforms Committee, the projects include new 33/11 kV substations, additional 33 kV and 11 kV power lines, transformer ca-pacity upgrades, and other critical infrastructure across Rajahmundry, Konaseema, Kakinada, and West Godavari. The committee also reviewed smart meters, SCADA upgrades, underground cabling, and feeder segregation initiatives to strength-en Andhra Pradesh's power dis-tribution network while ensuring reliable, high-quality electricity for all consumers statewide in the future. AP SANCTIONS RS 500 CRORE FOR GODAVARI PUSHKARALU INFRASTRUCTURE
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