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<keyword id="118623" type="DOMAIN" weightage="20" keywordseo="Adani-Enterprises">Adani Enterprises</keyword> on Wednesday said it has incorporated a wholly-owned <keyword id="88592" type="PERSON" weightage="20" keywordseo="subsidiary">subsidiary</keyword>, <keyword id="11028008" type="UNKNOWN" weightage="20" keywordseo="Vizag-Tech-Park">Vizag Tech Park</keyword> Ltd (<keyword id="801633" type="COMPANY" weightage="20" keywordseo="VTPL">VTPL</keyword>), with an authorised share capital of ₹5 lakh, to develop a data centre and business park. "VTPL is incorporated with the object to develop and establish an 'integrated data centre park and technology/business park'," the company said in a filing to the <keyword id="35140" type="COMPANY" weightage="20" keywordseo="BSE">BSE</keyword>. Vizag Tech Park is yet to commence its business operations, it said. In another filing, the company said it has also incorporated a wholly-owned subsidiary, Koddad Khammam Road Pvt Ltd, to carry out development and maintenance of a road project in Telangana. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/wipro-share-price-jumps-over-1-after-117-million-acquisition-of-australian-cybersecurity-firm-ampion/articleshow/81817928.cms">Wipro's share price jumps over 1% after $117 million acquisition of Australian cybersecurity firm Ampion</a> <a href="https://www.businessinsider.in/finance/news/upi-crosses-5-lakh-crore-in-transaction-value-in-march/articleshow/81820799.cms">India’s digital payments soar – UPI crosses ₹5 lakh crore in transaction value in March</a> <a href="https://www.businessinsider.in/careers/news/paytm-money-set-to-hire-250-engineers-for-its-new-technology-centre-in-pune/articleshow/81813092.cms">Paytm Money set to hire 250 engineers for its new technology centre in Pune</a> <a href="https://www.businessinsider.in/finance/news/government-withdraws-interest-rate-cut-on-small-savings-schemes-in-a-bizarre-u-turn/articleshow/81813361.cms">Government withdraws interest rate cut on small savings schemes in a bizarre u-turn</a>

Adani Enterprises incorporates Vizag Tech Park and Koddad Khammam Road as wholly-owned subsidiaries

IBM will now help <keyword id="6359081" type="CITY" weightage="60" keywordseo="Surat">Surat</keyword>, Allahabad and <keyword id="6368842" type="CITY" weightage="60" keywordseo="Vizag">Vizag</keyword> with waste management, disaster management and citizen services and will transform them into ‘<keyword id="6377036" type="UNKNOWN" weightage="80" keywordseo="smart-cities">smart cities</keyword>’. 
 
The tech giant has selected these Indian cities among 16 global locations for its smart cities programme, under which IBM will send a team of experts to each of the chosen cities to analyse data about critical issues faced by local bodies. 
 
Each consulting engagement under the 'Smarter Cities Challenge' has a commercial value of $500,000. Delhi, Ahmedabad, Pune and Chennai have already received the grant in the past. 
 "The initiative gives us the opportunity to work with city municipal corporations on diverse societal issues from transportation to disaster management, healthcare to waste management and share recommendations to become more effective in transforming citizen services," <keyword id="123121" type="COMPANY" weightage="80" keywordseo="IBM-India">IBM India</keyword> Head Corporate Citizenship and Corporate Affairs Mamtha Sharma told PTI. 
 
Other chosen cities include Amsterdam (Netherlands), Athens (Greece), Denver, Detroit, Memphis, Rochester (New York) in the US, Melbourne (Australia), San Isidro (Peru), Santiago (Chile), Sekondi (Ghana), Taichung (Taiwan), Xuzhou and Huizhou (China). 
 Prime Minister <keyword id="6354477" type="PERSON" weightage="80" keywordseo="Narendra-Modi">Narendra Modi</keyword> had vowed 100 smart cities by 2022 to meet the increasing urban population, which is expected to rise by more than 400 million people to 814 million by 2050. 
 
The Finance Ministry had allocated Rs 7,060 crore for developing these smart cities. 
 
The world is keen on setting up smart cities, where technology can help citizens access, in real time, infrastructure services like traffic, parking, lighting, and water. 
As per the news agency, by the end of 2016, IBM estimates to make such grants to more than 130 cities, with nearly 800 of IBM top experts delivering pro bono services valued at more than USD 66 million. 
 
"For the first time, in addition to providing pro bono consulting services, IBM will use IBM Watson Analytics Professional Edition to help take the city's pulse, as expressed on social media. 
 
"This might include studying travel patterns, public health, or the effects of man-made and weather events," Sharma told PTI. 
 
(Image:Reuters)

IBM will build Smart Cities in Surat, Vizag and Allahabad

<ul><li>As many as 35 major retail brands set up shop in 14 tier-2 cities between Jan-Sep 2023.</li><li>E-commerce boom, tech-savvy consumers, growing aspirations drive growth in tier-2 cities.</li><li>The total retail stock in top tier-2 cities stood at 29 million square feet, as of September 2023. </li></ul>Last year, H&amp;M opened its store in Ranchi, GAP too opened its doors to Guwahati; and Rare Rabbit did the same in Kochi. It’s not just top apparel chains that are going deeper into Bharat, fine dining restaurants like Royal Train Cuisine too have set up shop in Lucknow and Wow chain is wooing Chandigarh. In summation, as many as 35 major retail brands expanded their footprint to 14 tier-2 cities between January to September 2023, says a report by real estate services and investment firm CBRE. This flurry of activity has triggered a retail space boom in 14 cities that include Chandigarh, Jaipur, Indore, Goa, Mangalore, Kochi, Lucknow, Patna, Ranchi, Guwahati, Bhubaneshwar, Vizag, Mysore, and Coimbatore. Chains like Armani Exchange, Malabar Gold &amp; Diamonds, Tanishq, Marks &amp; Spencer, Starbucks, Pizza Express, Under Armour are now catering to a growing set of consumers in these cities. “Domestic and international fashion brands are looking to expand in non-metro cities, fueled by a well-aware and well-travelled consumer set,” said <keyword id="20208672" type="General" weightage="20" keywordseo="ram-chandnani" source="keywords">Ram Chandnani</keyword>, MD, advisory &amp; transactions services of CBRE India. Changing consumption patterns are affecting the retail dynamics in these cities, the report says. E-commerce trends also point to a highly-aspiring consumer base in these cities, which has brought in an influx of quality retail supply. “A striking example of evolving consumer patterns in these cities is the fact that 50% of online urban shoppers were residing in these tier-2 and tier-3 cities. A percentage that’s projected to reach nearly 60% by 2030,” the report adds. <table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">City </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">New retail brand entrants in Jan-Sep 2023 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Chandigarh </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Dayal Opticals, Khan Chacha, Wow Momos, Wow China, Rare Rabbit </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Jaipur </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tasva, Under Armour, Mango, Rare Rabbit </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Lucknow </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">The Sleep Company, Pizza Express, Theobroma, Royal Train Cuisine </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Patna </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Croma </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Indore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tasva, Style Up </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Goa </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Armani Exchange </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Kochi </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Campus, La Pino’z Pizza, Bluestone, Tasva, Rare Rabbit </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Coimbatore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Taneira, The Sleep Company, Style Union </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Visakhapatnam </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Starbucks, Taco Bell, Being Human </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mysore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Croma, Tanishq, Fashion Factory, Bluestone </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mangalore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Reliance Smart, Malabar Gold &amp; Diamonds, BlueStone, Tasva, R&amp;B </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Guwahati </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">GAP, Zudio, Croma, Forever 21 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Ranchi </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">H&amp;M, Marks &amp; Spencer, Max, Homecentre </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bhubaneswar </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Zudio, Marks &amp; Spencer </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table>Source: CBRE The mall &amp; high-street boom As high-end retailers make a beeline for tier-2 city business, the retail developments in the cities also picked up pace. The total retail stock in these 14 cities stood at 29 million square feet, as of September 2023. Amongst them, Jaipur, Lucknow, and Chandigarh each boast retail stock ranging between 3-7 million square feet. In the three months between July and September 2023, around 2.4 million square feet was added in the 14 cities. Most of it was added in Chandigarh, Jaipur and Lucknow. Also, a similar amount – again 2.4 million square feet – was absorbed across these cities, led by Kochi, Jaipur, and Goa. “The e-commerce boom, tech-savvy consumer base, growing aspirations and surge in discretionary purchasing are defining the retail growth in tier-II cities. Most non-metro cities are established trade and business hubs and are now witnessing multinational corporations and start-ups setting up offices as well,” said Anshuman Magazine, chairman &amp; CEO, India, Southeast Asia, Middle East &amp; Africa of CBRE. The retail developments have a healthy mix of malls and high streets. But, they too are evolving from vanilla stores in high-streets to malls by top-end developers. A lot of high-end malls have also come up in recent times like Nexus Elante Mall in Chandigarh; World Trade Park Mall in Jaipur; DLF Mall in Panjim and more. “Investment-grade developers are setting up large-sized contemporary malls in these cities, which are seen as an entertainment destination and not just as a place to shop,” adds Magazine. SEE ALSO <a href="https://www.businessinsider.in/business/news/the-rising-affluence-of-small-town-consumers-driving-demand-for-premium-products/articleshow/103918026.cms">The rising affluence of small town consumers driving demand for premium products</a>

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Adani Enterprises incorporates Vizag Tech Park and Koddad Khammam Road as wholly-owned subsidiaries

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IBM will build Smart Cities in Surat, Vizag and Allahabad

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Big brands, chain stores boost retail developments in tier-2 cities

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