Rediff.com

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

Rediff.com
Rediff-logo.png
Rediff.png
Main page as of 24 July 2009
Type of businessPublic company
Type of site
Web portal
Available inEnglish
Founded1996; 24 years ago (1996)
HeadquartersMumbai, India
Key peopleAjit Balakrishnan, Chairman and CEO
IndustryInternet services
Revenue481 million (2019)[1]
Net income481 million (2019)
Employees316 (Dec 2009)
URLrediff.com
Alexa rankDecrease 530 (June 2020)[2]
RegistrationOptional
LaunchedFebruary 8, 1997 (23 years ago) (1997-02-08)

According to Alexa Internet, Rediff.com was ranked 51st for Internet traffic in India as of 2020.[6] As of 2009 it had more than 300 employees.[7] Most of the visitors to Rediff.com are from India, while the rest come primarily from the United States and Japan.[2]

HistoryEdit

The Rediff.com domain was registered in India in 1996.[8] Early products included the email service Rediffmail[9][better source needed] and Rediff Shopping, an online marketplace selling electronics and peripherals.

In 2001, Rediff.com was alleged to be in violation of the Securities Act of 1933 for filing a 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 2001, Rediff.com acquired the India Abroad newspaper.[12]

In 2007, Rediff iShare, a multimedia platform, was released.[13] In 2010, Rediffmail NG was launched, an email service for mobile platforms.[14] In 2012, Rediff launched its Android App for Rediff News.[15][better source needed]

In April 2016, the company decided to delist from NASDAQ, citing the high cost of reporting requirements, given its financial condition.[16]

ReferencesEdit

  1. ^ "Annual Report 18-19 Rediff" (PDF). Rediff.com. Rediff.com India Limited. Retrieved 16 October 2019.
  2. ^ a b "rediff.com Competitive Analysis, Marketing Mix and Traffic - Alexa". alexa.com. Retrieved 5 June 2020.
  3. ^ "Rediff.Com reports Q1 results: India revenue up 42%". The Financial Express. 24 July 2008. Retrieved 16 July 2010.
  4. ^ "About Rediff.com". RediffOnTheNet.com. Archived from the original on 18 January 2000. Retrieved 25 June 2019.
  5. ^ "Rediff Launches All New Blogs Platform in 9 Languages" (Press release). Rediff.com India Ltd. 14 December 2009. Archived from the original on 13 January 2010. Retrieved 25 June 2019 – via Business Wire India.
  6. ^ "Top Sites in India". Alexa Internet. Retrieved 25 June 2019.
  7. ^ "Investor FAQs". Investor.rediff.com. Archived from the original on 23 July 2010. Retrieved 16 July 2010.
  8. ^ "India completes 20 years of commercial internet". India Digital Review. Retrieved 15 March 2014.
  9. ^ Anubhuti (28 October 2010). "Rediff records 15 percent growth in registered user base". Media Newsline. Retrieved 12 December 2010.
  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". GlobeNewswire. 25 May 2001. Retrieved 17 July 2013.
  11. ^ "Case Summary Rediff.com India Ltd. Securities Litigation". Stanford Law School. Retrieved 8 November 2018.
  12. ^ "Pioneering publisher Gopal Raju passes away". India Abroad. 10 April 2008. Retrieved 4 May 2008.
  13. ^ Mehra, Priyanka (10 July 2007). "Now share videos, music on Rediff's iShare". Mint. Retrieved 17 November 2014.
  14. ^ "Mobile email service from Rediff.com". The Hindu. 21 October 2010. Archived from the original on 28 October 2010. Retrieved 25 June 2019.
  15. ^ "Rediff News Android App". Rediff.com. Retrieved 14 September 2012 – via Google Play.
  16. ^ "Rediff.com Informs Nasdaq Of Intent To Withdraw American Depository Shares From Listing And Registration". Rediff India Limited. 27 April 2016. Retrieved 7 May 2019 – via PR Newswire.

External linksEdit