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Here are the top stories to start your day.
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⭐ Zee Q3 profit tanks
In the December quarter, Zee Entertainment’s net profit declined 91.9% YoY to ₹24.3 crore. The profitability was impacted by slower growth in revenue and elevated investment in content, marketing and technology.
⭐ Natco Pharma files for generic drug
The pharma company has filed an application with the USFDA for the generic version of Olaparib Tablets 100mg and 150mg. This drug is used for certain forms of ovarian, breast, pancreatic and prostate cancers. It has recorded sales of $1,226 million (₹10,137 crore) in the US market in 2022.
⭐ Oil prices fall
Oil prices declined on Monday over concerns of weakening demand. The US Fed has been hiking key rates to tackle inflation. This has sparked concerns of a slowdown in economic activity, which could in turn impact the oil demand.
Global markets (at 9:15 AM today)
| Indices | Today's movement |
| SGX Nifty | ▲ 0.34% |
| Nikkei 225 (Japan) | ▲ 0.67% |
| Hang Seng (Hong Kong) | ▲ 0.22% |
| SSE Composite (China) | ▼ 0.03% |
| Dow Jones (US) (February 13) | ▲ 1.11% |
| NYSE (US) (February 13) | ▲ 0.80% |
| Nasdaq (US) (February 13) | ▲ 1.48% |
| S&P 500 (US) (February 13) | ▲ 1.14% |
Fact of the day
English football club Manchester United is listed on the NYSE and has a market cap of $3.8 billion.