From ContentSutra: Indian online portal company 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 company registered a profit of $5.03 million, it was down 38 percent from $6.99 million from FY07. This, despite an increase in interest income for the year, at $5.51 million this fiscal, from $3.73 million for the last fiscal. Importantly, operating expenses increased by 26 percent to $21.86 million for FY08, up from $17.33 million for FY07. The company says this is primarily due to higher bandwidth, advertising and marketing expenses, stock-based compensation and payroll costs. More details here.

From our India site ContentSutra: So here’s the official announcement regarding Canadian company Live Current Media’s deal with the Indian Premier league, for cricket, which we had told you about yesterday: The ten-year deal includes a minimum guarantee of $3 million per year to the BCCI, and $2 million to the IPL - $50 million in total. Readers should remember that these “exclusive” online rights that LCM has bagged are at the center of controversy surrounding the stringent guidelines that have been forced upon media companies: websites, including key sites like Cricinfo (owned by ESPN), Rediff (NSDQ: REDF) and others are not allowed access to the IPL matches. India’s News Broadcasters Association had also threatened to boycott the IPL because they were being charged for showing clips of matches; that issue was reportedly resolved...more here.

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Rediff.com India Limited (REDF) Schedules Second Quarter Ended September 30, 2009 Earnings Results Conference Call For November 6, 2009
Rediff.com India Limited (Nasdaq: REDF), one of the premier worldwide online providers of news, information, communication, entertainment, mobile and shopping services, will release its results for the Second Quarter ended September 30, 2009, at 8.00 am ET (5:00 am Pacific Time / 6:30 pm India Time) on Friday, November 6, 2009.

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The deadly terrorist attacks in Mumbai, India dominated the global headlines last week. What didn't get a lot of attention, though, was the reason behind the attacks. The terrorists attacked the commercial heart of India — Mumbai's financial district. And I believe their purpose was to ...[More...]

Lots of people are taking the next few days off—I’ll be right here as low volume days sometimes off the best pumps/ridiculous price surges to take advantage of…HYGS could be a prime example and so it’s my first possible choice for shorting, although it co [More...]

The Indian Internet stocks Rediff (REDF) and Sify (SIFY) , both of which have headed south since my friend Leslie Norton wrote a bearish piece on the companies a few weeks ago, could still fall further, Leslie wrote in a follow-up in the week’s edition of Barron’s.

Leslie thinks the stocks are still pricey, and she’s not the only one. Writes Leslie:

Are India’s Internet shares now cheap enough to lure buyers? Says Ryan Jacob, who runs the Jacob Internet Fund and is a fan of Chinese Internet stocks: “I would probably have to have even more of a pullback to get interested.”

On Friday, Rediff fell 64 cents to $16.75; Sify fell 36 cents to $7.27.

Dow 20,000 Guest Harry Dent - Renowned Economist and bestselling author who predicted the last several booms and busts. REDF, CROX, AAPL, ANET and many others are also discussed. Corporate buybacks artificially inflating earnings? We will find out. Dow 20,000 - WHEN?

On January 25th I wrote a blog entry called “2006’s Biggest Cramer Crackle!” I was referring to Rediff.com (REDF). It jumped up 29% in price on the next opening day. I was actually assuming that the thing would settle back down. Glad I didn’t predict that it would because it actually is UP 60.2% [...]

On January 25th I wrote a blog entry called “2006’s Biggest Cramer Crackle!” I was referring to Rediff.com (REDF). It jumped up 29% in price on the next opening day. I was actually assuming that the thing would settle back down. Glad I didn’t predict that it would because it actually is UP 60.2% [...]