Cover Story: 99 Speedmart And Kk Tremendous Mart Hasten Expansion

Lee attributes this to shoppers worrying about visiting massive purchasing malls during the pandemic and preferring to buy at the store nearest house as an alternative. Industry sources say 99 Speedmart is the grocery market leader, commanding a tenth of the market. The lender on Saturday reported 19% year-on-year rise in net revenue for the quarter ended December to Rs 12,259 crore. Net interest earnings increased nearly 25% on year to Rs 22,988 crore, and this was the most effective growth seen by the financial institution in atleast three quarters. Provisions and contingencies for the quarter dropped 6.3% YoY to Rs 2,806 crore.

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Meanwhile, ARB Group had sealed the deal to produce ARB AI-Replenishment System to the 2 companies. ARB AI-Replenishment System collects sales report data from over 100 retail stores and would be capable of provide correct forecast …