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The partially convertible rupee fell below the psychological mark of 60 against the US dollar in afternoon trade on Tuesday, after Reserve Bank of India (RBI) governor Duvvuri Subbarao said cited various risks that could hamper India's economic growth.

In Its first quarter monetary policy review, the RBI refused to make any change in its key policy rates, while cutting its forecast for economic growth for the financial year 20113-14 from 5.7 per cent to 5.5 per cent.

Shimla, July 30 : With over 11 percent increase in power generation from its 1,500 MW Nathpa Jhakri plant - India's largest hydro project, the Satluj Jal Vidyut Nigam Ltd (SJVNL) recorded an 8.87 percent increase in profit after tax for this fiscal's first quarter, the company said Tuesday.

The public sector SJVNL's net profit has increased to Rs. 343.24 crore from Rs. 315.27 crore earned during the same period in the last financial year, it said in a statement here.

Mumbai, July 30 : Reliance Infrastructure (RInfra) Tuesday announced current fiscal first quarter net profit at Rs. 415 crore ($70 million) over the Rs. 412 crore in the corresponding quarter of the previous year -- less than a percent growth.

During the quarter ended June 30, the company had a total operating income of Rs. 5,452 crore ($918 million), against Rs. 5,383 crore in the corresponding quarter of the previous year.

New Delhi, July 30 : Bharatiya Janata Party (BJP) president Rajnath Singh Tuesday said politics in the country is suffering from "secularitis".

"The disease of secularitis has spread in Indian politics. Just like encephalitis, secularitis is very dangerous," he said here.

The comment comes as questions continue to be raised on the secular credentials of Gujarat Chief Minister Narendra Modi - the party's poll campaign committee chief who has emerged as a strong contender for the prime minister's post.

Modi has been accused of involvement in the 2002 post-Godhra riots in Gujarat.

New Delhi, July 30 : Sarod maestro Amjad Ali Khan will be conferred the Ra

China's central bank on Tuesday injected 17 billion Yuan via issuance of seven-day reverse bond repurchase agreements into the interbank market, as part of its efforts to counter another increase in money market rates.

It is the first time in nearly six months when the People's Bank of China has actively injected funds into the country's interbank market, showing its willingness to maintain liquidity following the June mayhem, when the central bank cut off funding to the interbank system.