Postmygreetings.com launches portal offering door-step delivery of customised greeting cards

Postmygreetings website includes special features and applications to send and receive greetings

Online retailer of printed greeting cards, Postmygreetings.com has added a host of new customisation options ushering the era of bespoke greetings to India. Users across the globe can express their warmth through creativity as they play with colours and fonts; insert clipart, upload images and add effects; choose an envelope; try their hands at poetry or write personal messages and much more.
Postmygreetings website includes special features and applications to send and receive greetings. It also enables members to organise and maximise their social greeting skills with effective and easy-to-use tools like ‘My address book’ and ‘My calendar’. One can also track upcoming occasions by setting up reminders or design and process cards in advance ensuring delivery on desired date.
An account on Postmygreetings.com also allows you to maintain a ‘Wallet’ thus reducing the cumbersome process of repeated online payments.

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Bajaj Finserv gets SEBI approval for mutual fund business

Bajaj Finserv is likely to enter mutual fund business by end-2012

Bajaj FinServ, the financial services arm of Bajaj Group, has received approval from the capital markets regulator SEBI for setting up mutual fund business and is likely to enter the fray by end-2012, the company's managing director Sanjiv Bajaj told reporters on the sidelines of the India Economic Summit of the World Economic Forum on 13th November.

Mr Bajaj, however, said the company's consumer lending business may be hit going forward. "Going ahead, it (consumer lending) will slow down. Consumer lending is the last one to be affected in a high rates cycle and I see some impact on the vertical," Mr Bajaj said.

Bajaj FinServ's business plans continue to be "steady" even as fears of a slowdown are being expressed, he said. "The market is large enough for us to find our attractive business," he said adding that a lot remains to be done on the inflation front.

Bajaj Finserv posted a more than two times rise in its net profit at Rs158 crore in the second quarter of current fiscal on the back of sound rise in income in its general, and life insurance business among others. Net profit during the July-September period of the company was at Rs69 crore.

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Gold hits new high at Rs29,295 on marriage season demand

Trading sentiments bolstered on heavy purchases for the ongoing marriage season and investor shifting their funds from weakening stocks to rising bullion. The uptrend was further supported by firming global trend on a decline in the dollar as the appointment of new governments in Greece and Italy boosted demand for the metal as an alternative asset

New Delhi; Gold in India touched a new all-time high level on Monday, rising by Rs30 to Rs29,295 per 10 grams, driven by sustained buying by stockists and jewellers to meet the demand for the ongoing marriage season, amid a firming global trend, reports PTI.

The precious metal had touched a high of Rs29,140 on 9th November.

Silver followed suit and gained Rs150 to Rs58,000 per kg on increased offtake by industrial units and jewellery makers.

Trading sentiments bolstered on heavy purchases by stockists and retailers for the ongoing marriage season and investor shifting their funds from weakening stocks to rising bullion.

The uptrend was further supported by firming global trend after gold advanced as a decline in the dollar after the appointment of new governments in Greece and Italy boosted demand for the metal as an alternative asset.

Gold in global markets, which normally set price trend on the domestic front, gained 0.4% to $1,796.27 an ounce in Singapore.

On the domestic front, gold of 99.9% and 99.5% purity added another Rs30 each to Rs29,295 and Rs29,155 per 10 grams, respectively, a level never seen before. However, sovereigns held steady at Rs23,300 per piece of eight grams in limited deals.

In line with a general firming trend, silver ready rose by Rs150 to Rs58,000 per kg and weekly-based delivery by Rs245 to Rs57,995 per kg. Silver coins met with resistance at existing higher level and lost Rs2,000 to Rs65,000 for buying and Rs66,000 for selling of 100 pieces.

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