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Ebook - Debt Trap.pdf
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A loan can work wonders for you, a misjudged debt can lead you into a trap. Simply put, a debt trap is a situation where debt is almost impossible to repay because of high-interest payments, lower finances, and multiple loans resulting in multiple EMI payments.

But, there is a way out. Read on to find out.
🗞 Groww Daily 🗞

🗓 August 26th, 2020


Sensex +0.59%; Nifty +0.67%  

The markets climbed again today ending around 0.6% higher than yesterday. With this, Sensex crossed the 39,000 mark - the highest it has ever been since the lockdowns started.   


🔼 Top gainers: IndusInd Bank, Reliance, Axis Bank, Kotak Mahindra Bank


🔽 Top losers: Bharti Airtel, UltraTech Cement, Asian Paints, Maruti Suzuki


⚡️May Telecom Data: Jio Adds 36.57 lakh Subscribers in May

Reliance Jio added 36.57 lakh subscribers in May 2020 over the last month.


Bharti Airtel and Vodafone Idea lost around 47 lakh subscribers each.


The number of telephone subscribers in India decreased from 1,169.44 million at the end of April 20 to 1,163.67 million at the end of May 20, thereby showing a monthly decline rate of 0.49%. 


⚡️Q1 Results Corner: Gillette Net Profit Down 2%

Net profit for Gillette India fell 2% to Rs 45 crore in the June-ended quarter.


The company's sales were down 24% to Rs 351 crores during the same time frame.


The board has also recommended a dividend of Rs 49 per share for the financial year ended June 30, 2020.


Gillette is one of Procter & Gamble’s leading brands.


⚡️Serum Institute of India (SII) Starts Covishield Phase III Trials in India


SII has started the phase III of trials for the vaccine developed by Oxford University. This vaccine is named Covishield. 


This is the vaccine which is at the most advanced phase of trials in the world. Phase III trials of this vaccine are already on in other countries. 


Bharti Vidyapeeth Deemed University Medical College and Hospital in Pune will be the first institute to start testing the vaccine in India. Several other hospitals are set to join soon. 


Volunteers have been tested to see if they already have antibodies. If they are found to not have antibodies, they will be given the vaccine shot tomorrow. 


This particular college and hospital aims to test the vaccine on 300-350 volunteers. 

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