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Rediff.com

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Rediff.com is an Indian news, information, entertainment and shopping web portal, founded in 1996[3] as "Rediff On The NeT".[4] It is headquartered in Mumbai, with offices in Bangalore, New Delhi and New York City.[5]

Rediff.com
Rediff(dot)com logo.gif
Rediff.png
Main page as of 24 July 2009
Type of businessPublic company
Type of site
Web Portal
Available inEnglish
Founded1996; 22 years ago (1996)
HeadquartersMumbai, India
Key peopleAjit Balakrishnan, Chairman and CEO
IndustryInternet Services
Revenue7290 million (2016)[1]
Net income-653 million (2016)
Employees316 (Dec 2009)
Websiterediff.com
Alexa rankDecrease 414 (October 2016) [2]
RegistrationOptional
LaunchedFebruary 8, 1997 (21 years ago) (1997-02-08)

According to Alexa, Rediff.com is the No. 30 Indian web portal as of 2018.[6] It has more than 300 employees.[7] Most of the visitors to Rediff.com are from India, while the rest come primarily from the US and China.[8] In April 2001, Rediff.com acquired and began offering India Abroad.[9]

In 2001, Rediff.com was alleged to be in violation of the Securities Act for filing materially false prospectus in relation to an IPO of its American depositary shares.[10] The case was resolved by settlement in 2009.[11]

In April 2016, the Company decided[12] to delist from NASDAQ, citing the high cost of reporting requirements, given its financial condition.

HistoryEdit

The rediff.com domain was registered in India in 1996.[13] Early products included the email service Rediffmail[14] and Rediff Shopping, an online marketplace selling electronics and peripherals. In 2007, Rediff iShare, a multimedia platform, was released.[15] In 2010, Rediffmail NG was launched, an email service for mobile platforms.[16] In 2012, Rediff launched its Android App for Rediff News.[17]

ReferencesEdit

  1. ^ "Annual Report 31st March 2016" (PDF). Rediff.com. Rediff.com India Limited. Retrieved 4 March 2017.
  2. ^ "Rediff.com Site Info". Alexa Internet. Retrieved 2016-10-12.
  3. ^ "Rediff.Com reports Q1 results: India revenue up 42%". Financialexpress.com. 2008-07-24. Retrieved 2010-07-16.
  4. ^ "Internet Archive Wayback Machine rediffonthenet.com". Archived from the original on 9 August 2000. Retrieved 15 October 2016.
  5. ^ "Rediff.com India Ltd, Business Wire India, Press Releases, Hindi, Tamil, Telugu, Marathi, Bengali, Kannada, Gujarati, Malayal". Businesswireindia.com. 2009-12-14. Retrieved 2010-07-16.
  6. ^ "Top Sites in India". Alexa. Retrieved 2016-04-30.
  7. ^ "REDF : Rediff.com India Limited FAQs". Investor.rediff.com. Retrieved 2010-07-16.
  8. ^ At least 66 per cent of the visitors come from India
  9. ^ "Pioneering publisher Gopal Raju passes away". India Abroad. 2008-04-10. Retrieved 2008-05-04.
  10. ^ "Cauley Geller Bowman & Coates, LLP Announces Class Action Lawsuit Against Rediff.com India Ltd. Seeking Damages on Behalf of Purchasers of Rediff American Depository Shares – REDF". 25 May 2001. Retrieved 17 July 2013.
  11. ^ "Case Summary Rediff.com India Ltd. Securities Litigation". Stanford Law School. Retrieved 8 November 2018.
  12. ^ "Announcement to delist". 27 April 2016. Retrieved 4 March 2017.
  13. ^ "India completes 20 years of commercial internet". Indian Digitel Review. Retrieved 15 March 2014.
  14. ^ "Rediff records 15 percent growth in registered user base". Medianewsline.com. Retrieved 2010-12-12.
  15. ^ "Now share videos, music on Rediff's iShare". Livemint.com. 2007-07-10. Retrieved 2014-11-17.
  16. ^ "Mobile email service from Rediff.com". The Hindu. 2010-10-21. Retrieved 2010-11-12.
  17. ^ "Rediff News Android App". Rediff.com. Retrieved 2012-09-14.

External linksEdit