- The new CPI series with 2024 base year launches on Thursday, updating consumption data
- Q3 earnings season ends with major firms like Titan, HUL, ONGC, and IRCTC reporting results
- Aye Finances and Fractal Analytics plan IPOs worth Rs 1,010 crore and Rs 2,833.9 crore respectively
The coming week is set to be significant for India's economy and financial markets, marked by key data releases, corporate earnings, IPO activity, and parliamentary developments. A major highlight is the launch of the new Consumer Price Index (CPI) series with a 2024 base year on Thursday. This update replaces the existing 2012 base year, which no longer reflects current consumption patterns.
This week also marks the final stretch of the Q3 earnings season, with several major companies—including BSE, Titan, Mahindra & Mahindra, Hindustan Unilever, ONGC, Coal India, and IRCTC—set to report their December-quarter results.
IPO activity is picking up after a lull. Aye Finance's Rs 1,010 crore IPO opens on Monday, while Fractal Analytics plans a Rs 2,833.9 crore issue, combining fresh equity and offers for sale.
Meanwhile, the first phase of Parliament's Budget Session resumes and concludes on Friday, with continued discussion on the Union Budget for FY27 amid ongoing political disruptions.
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New CPI Series
The new series of the Consumer Price Index-based inflation with a base year of 2024 will be released on Thursday, Feb. 12. A base year, as defined by Ministry of Statistics and Program Implementation (MoSPI), serves as the benchmark period used to assess how economic indicators change over time. It determines the weighting of goods and services in the consumption basket, which forms the basis for computing CPI inflation.
India currently uses and 2012 base year for CPI, which no longer accurately represent the present structure of the economy and therefore need updating.
The upcoming CPI 2024 series introduces a significantly updated consumption basket, expanding it from 299 to 358 items, with widened market coverage and the inclusion of 12 online markets to capture prices from e‑commerce platforms and digital services such as airfares and OTT subscriptions. These updates reflect modern consumer behaviour, including the rising share of online purchases, and incorporate advanced price‑collection methods using digital and administrative data.
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Final Week Of Q3 Season
This will be the final week of the third quarter earnings season. BSE, Titan, Eicher Motors, Grasim Industries, Torrent Power, Oil India, United Breweries, Mahindra & Mahindra, Divi's Laboratories, LG Electronics India, Lenskart, Hindustan Unilever, Oil and Natural Gas Corp., Hindustan Aeronautics, Hindalco Industries, Coal India, Lupin, IRCTC, and Fortis Healthcare are among the few hundred companies that will release their December quarter earnings report.
New IPOs
Dalal Street's IPO compound has been quiet for some time now. However, with two big issues in the pipeline for the week, things seem to be picking up pace again.
Aye Finance's Rs 1,010 crore Initial Public Offering (IPO) will open for subscription on Feb. 9. The offering is a mixed issue, comprising of fresh equity shares worth up to Rs 710 crore and an Offer For Sale (OFS) of up to Rs 300 crore by current shareholders.
The non-banking financial company has fixed a price band of Rs 122-129 per share, valuing Aye Finance at Rs 3,184 crore at the upper end of the band. The issue will close on Feb. 11, while bidding for anchor investors will open on Feb. 6.
Fractal Analytics IPO is a book-building issue worth Rs 2,833.9 crore. It includes a fresh issue of 1.14 crore shares, amounting to Rs 1,023.5 crore, and an offer-for-sale (OFS) of 2.01 crore shares, worth Rs 1,810.40 crore. The price band for this IPO has been fixed at Rs 857 to Rs 900 per share.
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Parliament Budget Session
The first phase of the Parliament's Budget Session will conclude on Feb. 13, after which it will take a recess till March 9.
The Lok Sabha was adjourned on Friday after continued disruption by Opposition members. Earlier, Speaker Om Birla reprimanded the MPs for sloganeering and displaying placards, saying that that a total of 19 hours and 13 minutes of the House have been wasted so far in the Budget Session. In the Rajya Sabha, Leader of Opposition Mallikarjun Kharge and Union Railways Minister Ashwini Vaishnaw engaged in banter during the Question Hour.
Both Houses of Parliament will reconvene on Monday. Ministers of various departments including Finance and Corporate Affairs will table different papers in Lok Sabha. The discussion of the Union Budget for financial year 2027 will continue.
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