A look at the headlines in the sector right now:

  1. 5,610 wilful defaulters owe Rs 58,792 crore to state-owned and private sector banks, says data: According to the list released by the All India Bank Employees' Association, State Bank of India account for the highest default amount – Rs 18,576 crore.
  2. HDFC Bank registers 20% higher net profit in first quarter: The country's second-largest private lender said the year-on-year rise was because of higher interest and fee income.
  3. Craft beer Bira makers set to sell stakes to TR Capital: The Hong Kong-based private equity firm is likely to invest about $10 million in B9 Beverages.
  4. Amazon beats Flipkart in retail app downloads in India: However, the Bangalore-based company is ahead of the American e-commerce giant in terms of monthly active users.
  5. Global trends push silver prices to fall below Rs 46,000 mark: According to traders, equities gains and a stronger dollar affected demand for gold as well, though it held steady on Thursday.
  6. Elon Musk unveils new 'Master Plan' for Tesla: Electric trucks, buses and driver-less Uber: He aimed to extend the automaker's focus beyond personal automobiles and also allow owners to let the cars earn money by driving others when not being used.
  7. Arun Jaitley says India needs a mix of fiscal and monetary policies to deal with Brexit fallouts: According to the finance minister, Britain's decision to exit from the European Union has further heightened uncertainty, market volatility and risk-averse behaviour.