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The Baseline
03 Aug 2016
Morning Brief - SP Apparels IPO, discount wars on independence day
The discount wars online are set to begin again, with both Flipkart and Amazon planning massive discounts around Independence Day celebrations. The companies are hoping to bounce back after back to back quarters of falling sales. LiveMint
The SP Apparels IPO is not that exciting, looking at profitability of the company compared to its peers. Earnings and net profit margins of SP Apparels for example is half that of comparable firm Kitex Garments, analyst Sheetal Agarwal points out. BS 
You can also track Dilip Buildcon and SP Apparels IPOs on Trendlyne for latest broker recommendations and live bidding details.  
In an effort to completely cover the country, the government has asked states to ensure that the Aadhaar number is issued to newborns. Aadhaar currently covers over 80% of the Indian population, more than any other identification till date. FE
As VC funding slows, more startups are opting for M&As, with numbers climbing to three times the M&As seen in Jan and Feb this year. ET
Photo of the Day: A Maharashtra couple marry mid-air, suspended 600 feet over a valley. The priest hung over them and performed the vows. NewsMinute/IANS
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