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By March, the company said it will expand the programme to 10,000 users before rolling out crypto wallets to the rest of the WenWallets waitlist.

Over the past seven trading days, Bitcoin has shed around 20% of its value compared with nearly 30% for Ether. Solana’s SOL and DeFi-play Avalanche’s AVAX token have fallen nearly 38% each. And the wipeout in memecoins has been profound: Dogecoin is down 30% on the week while Shiba Inu is off 38%, according to CoinMarketCap.

"Rising crude and trade deficit has been keeping the currency under pressure and even FPI outflows have been a constant pressure on the rupee...," said Sajal Gupta, Head, Forex and Rates at Edelweiss Securities.

Legislation introduced earlier this month by Democratic senators Jon Ossoff of Georgia and Mark Kelly of Arizona would require members of Congress, their spouses and dependent children to place their investments in a blind trust.

“The offer comprises a fresh issue of up to Rs 500 crore and an offer for sale of 25,050,543 equity shares by existing investors/ shareholders,” according to the draft red herring prospectus (DRHP) filed with the market regulators on Saturday.

"If you look at the total FMCG industry, direct to consumers (D2C) is still a very small part of the total mix," HUL chairman Sanjiv Mehta said at an investor call. "A large part of the growth that is coming to many of the ecommerce players are not consumer growth; they are channel shift growth."

Nearly 590 new D2C companies have entered the Indian market in the past three years, and they have raised Rs 6,700 crore altogether, according to Tracxn, a market intelligence provider of private company data.

Crypto-centric stocks dropped on Friday, with Coinbase Global Inc. at one point losing nearly 16% and falling to its lowest level since its public debut in the spring of 2021, Bloomberg data show.

As the budget approaches, these tremors in the domestic markets are expected to continue in the coming week as well. History suggests that in 7 out of the last 10 years, Indian indices have delivered negative returns or remained range-bound in the week preceding the budget.

According to Vinall, when investors start their careers they rightly place a lot of emphasis on their analytical abilities and so they try and understand what a company does and analyse the various risks involved in all the different parts of its functionality after which they form an opinion on whether it’s a good investment based on that analysis.