New Delhi, Oct 24 (PTI) Zee Entertainment Enterprises Ltd (ZEEL) today reported over two-fold jump in consolidated net profit at Rs 590.80 crore for the second quarter ended September 30, 2016.The company had registered a consolidated net profit of Rs 238.40 crore in the July-September quarter a year ago, ZEEL said in a filing with the BSE.ZEELs total income on consolidated basis was up 2.67 per cent to Rs 1,785.18 crore during the quarter under review as against Rs 1,738.67 crore of the corresponding quarter last fiscal.The company has reported other income of Rs 203.13 crore during the quarter as against Rs 43.23 crore.”During Q2 of FY 2017-18, the transaction for Sale of Sports Broadcasting business of the Company to Sony Pictures Networks India Private Limited and its Affiliates (SPNI) was consummated with remittance of the balance consideration by SPNI,” the company said.Its total expenses was down 13.83 per cent to Rs 1,147.05 crore as against Rs 1,331.26 crore.ZEELs revenue from advertising in the second quarter of 2017-18 was at Rs 986.74 crore, up 2.87 per cent, as against Rs 959.16 crore in the same period last fiscal.However, its consolidated revenue from subscription was down 14.04 per cent to Rs 501.41 crore as against Rs 583.34 crore in the year-ago period.Shares of Zee Entertainment Enterprises Ltd were trading at Rs 518.45 on BSE, up 5.19 per cent from previous close. PTI KRH MR
Tiger Woods got off to a struggling start to the PGA Championship when he double-bogeyed his first hole, the 10th, in the opening round.Woods, fresh off his Masters victory for his 15th career major, drove into the rough and had to pitch out to the fairway. His third shot sailed past the green, and he needed three more to get into the hole for a 6. He then parred the next four holes.Defending champion Brooks Koepka fared much better with a birdie on 10 and another on 14 to be one stroke behind early leader Matt Wallace.British Open champ Francesco Molinari bogeyed the 10th and 12th but birdied 14 in the group with Woods and Koepka to stand at 1 over.Wallace, from England, birdied Nos. 1, 2 and 4 on a sunny but windy morning.Tiger Woods is back at Bethpage Black after a late decision to skip the final round of practice at the PGA Championship.Woods had planned to play the front nine early Wednesday morning, but never showed up at the course. That led to speculation his surgically-repaired back was acting up. His manager says all was fine.Coming off his emotional win at the Masters, Woods is in the traditional group of current major champions. He is with U.S. Open and PGA champion Brooks Koepka and British Open champion Francesco Molinari.The forecast was good. The course was soft and wet. The scores were predictable. With a two-tee start, players starting on the back nine had a far more difficult start. Thomas Pieters opened with a triple bogey at No. 10. Kiradech Aphibarnrat had back-to-back double bogeys.advertisementThe only early drama was J.J. Spaun. He was in the first group and walked onto the tee at No. 1 with a minute to spare, avoiding a two-shot penalty. It didn’t seem to bother him. He was 2 under through four holes.Tiger Woods goes after his next major on a familiar golf course for a PGA Championship held on an unfamiliar spot on the calendar.The 101st PGA Championship began Thursday morning on Bethpage Black, the first time it has been held in May since 1949. The public course known as the “people’s country club” previously hosted two U.S. Opens.Rob Labritz, one of 20 club professionals in the 156-man field, hit the opening tee shot under a clearing sky on a course still damp from rain. He sent it well to the right in the rough among the trees.Woods plays later in the morning with defending champion Brooks Koepka and British Open champion Francesco Molinari. Woods has not played a practice round since nine holes Monday morning.Also Read | World Cup controversies: Javed Miandad’s antics against India, Prasad teaches Sohail a lessonAlso Read | Kuldeep Yadav credits skipper Virat Kohli for giving freedom to attackAlso See
QUEBEC – The Quebec Liberals defended their back-to-work bill Tuesday from accusations the law gives to much power to the government regarding negotiations between unions and private-sector construction companies.Members of the legislature debated through the night and passed a law forcing Quebec’s 175,000 construction workers to end their week-long strike and return to work Wednesday.The law grants workers a pay hike of 1.8 per cent and forces both sides to enter into a five-month mediation period followed by an arbitration process if a deal cannot be reached.Unions said their lawyers are preparing a legal challenge to the law because they feel the government has potentially illegally limited their right to strike.The association representing construction companies, meanwhile, said the unions got the better deal because the law grants workers a pay raise without forcing them to give up anything in return.Both sides, however, criticized the fact the government has given itself the right to decide what issues will be decided in arbitration — if it comes to that — and what subjects get left out.Opposition leader Jean-Francois Lisee during question period called the law “anti-worker.”He said the government is in a conflict of interest because it can now decide what subject matters enter into arbitration while also being the body that awards the most construction contracts in the province.Premier Philippe Couillard responded by saying the government has accepted to consult with all parties before any potential arbitration process begins.Eric Cote, spokesman for the association representing private-sector construction companies, said “we are preoccupied that the arbitration process is at the mercy of political powers.”He said what is subject to arbitration “can be motivated or subject to political pressure.”A coalition of construction labour unions said representatives were not available Tuesday, but issued a news release saying the government has “muzzled” workers with the new law.