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Among the BRIC countries India is one of the most high growth markets and is estimated to grow at 13.2 per cent cumulatively over 2011-2015 to reach Rs 1,19,900 crore as per the latest PwC's Indian media and entertainment report.

 
 
ITC posts a 24.51 per cent increase in net profit to Rs 1,332.72 crore for the quarter ended June 30, 2011.
Competition Commission of India (CCI) has cleared Reliance Industries' buyout of Bharti group's 74 per cent stake in insurance joint ventures with AXA of France.
The latest announcement comes less than a week after Cox & Kings said it acquired a minority stake in the US travel firm Radius for an undisclosed amount.
HCL Technologies on Wednesday posted a 62.13 per cent jump in its standalone net profit at Rs 385.59 crore for the fourth quarter ended June 30, 2011.
L&T Finance would issue 21.10 crore shares under the IPO and post listing, parent L&T's stake in the company would come down to 83 per cent.
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