Note: Any questions for Rediff - do let us know in the next 20 minutes either in the comments here, on email or on twitter by responding to @nixxin Nasdaq listed Rediff.com (REDF) has reported revenues of $7.32 million for the Quarter ending September 30th 2008, down 12.02% from $8.32 million last quarter, and 6.87% for Q2 last year. An insight into the Indian market comes by way of Rediffs India Online revenues (from Rediff.com) - which were down 14.33% quarter on Quarter, and only down 1.92% year on year. Ajit Balakrishnan, Chairman and CEO of Rediff, however, said that the India revenues grew 5.5%, year on year, but this is not reflected in the numbers due to the the weakening of the Indian Rupee It's disappointing to note that the decline in Rediffs profitability has continued - they crossed the line, and have reported a net loss of Rs. $0.42 Million for this quarter. Last quarter, they'd reported a net profit of $0.77 million, and $0.83 million for Q2 last year. Profits have been declining for five quarters now. More as we have it Q209: Financials, Release Q109: Financials, Conference Call, Release | Analysis/Report Articles related to Rediff
- Here’s how web publishers can opt out of Google crawlers scraping website data to train AI models September 29, 2023
- Parliament Standing Committee Calls For A Monitoring Group To Check Technological Readiness For Digital Education Projects September 29, 2023
- IT Ministry May Shelve Self-Regulatory Bodies for Online Real Money Gaming Until Inter-Ministerial Views “Harmonised”: Report September 29, 2023
- Net neutrality rules set to be reintroduced in the US September 28, 2023
- Fact Check Amendment Makes Platforms Judge Whether to Take Content Down: Lawyers Argue Before Bombay HC September 28, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...
Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...
RBI Deputy Governor Rabi Shankar called for self-regulation in the fintech sector, but here's why we disagree with his stance.
Straw man fallacy: IT Ministers’ defence of government exemptions in data protection law misses the point
Both the IT Minister and the IT Minister of State have chosen to avoid the actual concerns raised, and have instead defended against lesser...
The Central Board of Film Certification found power outside the Cinematograph Act and came to be known as the Censor Board. Are OTT self-regulating...
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...