Well-known cricket writer Prem Panicker, one of Rediff.com’s earliest staffers and the editorial director of the company’s US-based newspaper India Abroad, is leaving the Nasdaq-listed firm after a 14-year stint, a person familiar with the development said. According to our source, Panicker is likely to join Yahoo (NSDQ: YHOO) India…

Nasdaq-listed Rediff.com (NSDQ: REDF) India Ltd today said net loss for the quarter ended 30 September widened by 84% to $2.61 million, from $0.41 million during the corresponding quarter last fiscal.  Total revenues dropped 43% year-on-year to $4.19 million. Revenues from India Online dropped 45% y-o-y to $3.08 million. 2Q…

Rediff.com (NSDQ: REDF) India Ltd has invested in Bangalore-headquartered location sensing technology startup Imere Technologies Pvt. Ltd, the Nasdaq-listed firm said on Friday, without disclosing the quantum of investment. Imere is a software platform that enables mobile and Internet applications to sense the location of their users and optimize services…

We thought CFO Joy Basu’s exit was the big news of the day from Rediff.com (NSDQ: REDF). It now emerges that Zaki Ansari, vice president for product development and one of the earliest members of the team, quit the internet firm this morning. Ansari worked at the Nasdaq-listed firm for…

Rediff.com (NSDQ: REDF), arguably India’s first and largest horizontal portal,recently annouced its results and reported a net loss of $8.86 million in Q4 FY08-09. The company attributes the losses to the slowdown in the online advertising sector. Ajit Balakrishnan, Rediff.com’s Founder, Chairman and CEO, expects the situation in the onlineadvertising…

NASDAQ-listed Rediff.com India Ltd. (NSDQ: REDF) publisher of Rediff.com and US-based India Abroad newspaper, today posted a net loss of $8.86 million (Rs41.89 crore @ Rs47.29/dollar), compared with a profit of $0.90 million during the year ago period on decline in online advertising and depreciation of the Indian rupee vis-a-vis…

Rediff (NSDQ: REDF) has reported Q2 revenue of $8.32 million, a 22 percent increase from a year ago, helped by strong, 42 percent growth at the company’s India Online division. On the US Publishing side, revenue declined 19 percent to $1.76 million. Helped by a slightly expanded gross margin, and…

Developer programs are flavor of the month with online media companies, and now Rediff has opened up its platform to developers...to incentivize developers, it is offering several grants of Rs. 250,000 for app ideas. Some more details on it on Pluggd.in, here.

There seems to have been a change in Rediff’s (NSDQ: REDF) content strategy, from a creator of original content to an aggregator of sorts. Rediffmail has integrated news feeds from Orkut and Facebook with the stated objective being “to help users discover content on social networking platforms without actually visiting…

Rediff (NSDQ: REDF) is investing an undisclosed amount in Mumbai-based Twitter-clone site Vakow....the service allows for users to receive SMS from friends and send updates to friends via SMS, like Twitter. The website was started by IIT Mumbai alumni Rahul Gupta and Amit Upadhyay in October 2007….lets see how far…

Rediff (NSDQ: REDF) has spruced up its Product search, adding two high level categories - Electronics (16 sub categories) and Automobiles (two/four wheelers) and everything under them.  All comparisons and products listings are with official dealers, there are no options for second hand automobiles/electronics. Comparisons can be done for price…

The Board of Control for Cricket in India (BCCI) has got an interim injunction from the Madras High Court, restraining Sandeep Goel (of the Indian Fantasy League) and Rediff.com from displaying or using the domain name/title indianfantasyleague.com or indianfantasyleague and logo or any other domain name or trademark similar to…

—Lakshmi Narasimhan, Head of Business Development for Network18, has been appointed CEO of Infomedia India. Readers will remember that Network18 acquired Infomedia last fiscal. Narasimhan will expand the portfolio of Infomedia titles. Prakash Iyer, who was CEO & MD of Infomedia will now be MD. [more at exchange4media]—Mohit Gupta has…

Rediff (NSDQ: REDF) has announced earnings of $32.25 million for the fiscal year ending March 31st 2008 (FY08), up 13 percent from the previous fiscal. However, while the companys registered a profit of $5.03 million, it was down 38 percent from $6.99 million from FY07. This, despite an increase in…

A thought-provoking comment from Ajit Balakrishnan, Chairman and CEO of Rediff at the NDTV New Media Congress, yesterday - “underpinning the whole convergence argument is that the TCP/IP protocol needs to become common over TV. When all three channels, Internet, Mobile and TV, offer TCP/IP, it will allow a return…

[by Cerius Shah] While the consecutive sessions at Esummit 08 at IIT Powai were insightful, few, as expected, had a media focus. The emerging entrepreneurial eco-system in India was moderated by Vinnie Vyas of Crossover.  Ajit Balakrishnan made comments on the absence of VC’s in early stage funding. Pointing to…

Rediff (NSDQ: REDF) CEO and MD Ajit Balakrishnan said during the earnings conference call that there’s pricing pressure in the performance based advertising segment which constitutes a third of Rediff’s India online advertising revenues. Customers, particularly VC funded startups want lower Cost-Per-Clicks, because of which Rediff has responded with better…

Rediff (NSDQ: REDF) and Sify are mandated to list in the Indian stock exchanges, reports Reuters; this is primarily because of a government rule that requires that they list locally within three years of reporting profits. Both companies reported profits in the 2006-07 fiscal. Last July, CNBC-TV18 had claimed that…

More proprietary content making its way to Rediff’s (NSDQ: REDF) video content portal iShare; this time, by means of a tie-up with PixelKraft, which publishes an sitcom Ram and Ria. The comedy sitcom is about a cosmopolitan Mumbaikar (Ria), married to the quintessential South Indian (Ram), and the cultural differences.…