Industry News

Zee Entertainment Enterprises Ltd, which operates entertainment channels such as Zee TV and Zee Cinema, on Tuesday reported a 21.4% increase in net profit for the quarter ended June as it benefited from an increase in advertising and subscription revenue. Net profit rose to Rs.218.1 crore from Rs.179.6 crore in the year-ago period. The profit was earned on an 18.5% rise in revenue to Rs.1, 571.6 crore from Rs.1, 326.7 crore a year ago."/>
Zee Entertainment Q1 profit rises 21% to Rs218 crore [Mint, New Delhi]
Zee Entertainment Enterprises Ltd's advertising revenue growth has surprised positively many times in previous quarters. The story for the June quarter is no different. Advertising revenue increased 19% over the same period last year and accounted for slightly less than three-fifths of consolidated revenue."/>
Zee Entertainment: riding high on advertising revenue growth [Mint, New Delhi]
Netflix on Tuesday unveiled its first subscription VOD licensing agreement with 20th Century Fox Television Distribution to bring true crime anthology series American Crime Story to India and other international markets. 20th Century Fox Television Distribution is a unit of Rupert Murdoch's 21st Century Fox. American Crime Story is an anthology series centered around some of history's most famous criminals."/>
Netflix to showcase American Crime Story next year [Mint, New Delhi]
Jabong may be Flipkart's best investment yet [Mint, New Delhi]
Maruti Suzuki India Ltd's quarterly profit rose 23%, beating analysts' estimates, as the nation's largest car maker benefited from lower material costs and a surge in income from activities other than its core business operations. Net profit rose to Rs.1, 486.20 crore in the fiscal first-quarter ended 30 June from Rs.1, 208.10 crore in the year earlier, the company said on Tuesday. That compares with Rs.1, 224 crore profit estimated by a Bloomberg survey of 29..."/>
Maruti Suzuki beats estimates with 23% rise in June quarter profit [Mint, New Delhi]
Welcome to the Neighborhood [Ocala Star-Banner, Fla.]
Nordstrom Inc. the green light to buy the land the Seattle-based retailer has been leasing for two decades. However, the retailer won't be closing on a sale until final approval comes from the Federal Aviation Administration. Cedar Rapids City Council on Tuesday approved the company's request to buy the 46 acres of land-- 7700 18th St."/>
BRIEF: Cedar Rapids approves land sale to Nordstrom [The Gazette, Cedar Rapids, Iowa]
Apple gained some ground in its fight to regain lost glory. The technology giant reported better-than-expected iPhone sales in the third quarter, and had even more good news that its revenue for the current quarter would surpass analysts' views. The positive tone from the Cupertino, California-headquartered company somewhat eased fears that demand for its flagship device had hit a snag."/>
Apple bounces back - somewhat [Khaleej Times, Dubai, United Arab Emirates]
Dick's Sporting Goods will open its new store at the Hamilton Crossings shopping center during the second weekend of August-- with a little help from a Pro Football Hall of Famer well known to Lehigh Valley residents. While the store will open for the first time at 8 a.m. Aug. 12, former Buffalo Bills wide receiver Andre Reed, a Dieruff High School graduate, is scheduled to make an in-store appearance from 1 to 3 p.m. on Aug. 13, Dick's announced Tuesday."/>
Andre Reed to open new Dick's Sporting Goods at Hamilton Crossings [The Morning Call (Allentown, Pa.)]
Dixie Group, Inc. today reported financial results for the quarter ended June 25, 2016. The Company’ s second quarter 2016 net sales were $105,316,000, 4.2% below second quarter of 2015 sales of $109,957,000. Income from continuing operations was $1,615,000, or $0.10 per fully diluted share, for the second quarter of 2016 as compared to income from continuing operations of $516,000, or $0.03 per fully diluted share, in the second quarter of 2015."/>
The Dixie Group Reports Second Quarter 2016 Results
Panera's 2Q profit declines [St. Louis Post-Dispatch]

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