e-RUPI’s ambitious promise and cloud over Adani Wilmar’s IPO

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Editor's note: This is the twelfth edition of Street Smart, The Morning Context’s weekly newsletter on everything that impacts corporate India. Every Thursday, Street Smart will bring you an original, reported or analytical take on issues that have the potential to shake up the business ecosystem Advait here. I was amused to see the headlines after the launch of e-RUPI, which Prime Minister Narendra Modi promised will provide “leakage-free” benefits. I beg to differ. e-RUPI may be a good idea. But leakage free? I don’t think so. On the other hand, Adani Wilmar’s public offer doesn’t seem to have created as much excitement as some of the recent IPOs of startups. While the company’s financials look much stronger than most of these unicorns, the risks associated with the investigations against one of its promoters is a valid concern, says Jayshree. Read on.   Is e-RUPI the answer?  If you happened to read any of the numerous articles or watched videos on e-RUPI, which Prime Minister Narendra Modi launched on 2 August, you would think that we were suddenly transported to the alternative …