Rediff.com: Difference between revisions

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In April 2016, the company decided to delist from [[NASDAQ]], citing the high cost of reporting requirements, given its financial condition.<ref>{{Cite web |last=Chathurvedula |first=Sadhana |date=2016-04-28 |title=Rediff.com delists its shares on Nasdaq |url=https://www.livemint.com/Companies/33CajWXzptGO7L7ZuB3Y2M/Rediffcom-delists-its-shares-on-Nasdaq.html |access-date=2023-03-02 |website=mint |language=en |archive-date=2 March 2023 |archive-url=https://web.archive.org/web/20230302132601/https://www.livemint.com/Companies/33CajWXzptGO7L7ZuB3Y2M/Rediffcom-delists-its-shares-on-Nasdaq.html |url-status=live }}</ref>
In April 2016, the company decided to delist from [[NASDAQ]], citing the high cost of reporting requirements, given its financial condition.<ref>{{Cite web |last=Chathurvedula |first=Sadhana |date=2016-04-28 |title=Rediff.com delists its shares on Nasdaq |url=https://www.livemint.com/Companies/33CajWXzptGO7L7ZuB3Y2M/Rediffcom-delists-its-shares-on-Nasdaq.html |access-date=2023-03-02 |website=mint |language=en |archive-date=2 March 2023 |archive-url=https://web.archive.org/web/20230302132601/https://www.livemint.com/Companies/33CajWXzptGO7L7ZuB3Y2M/Rediffcom-delists-its-shares-on-Nasdaq.html |url-status=live }}</ref>


==Infibeam Avenues Limited’s era==
==Infibeam Avenues Limited's era==
In 2024, Rediff.com became a subsidiary of Infibeam Avenues, which acquired a 54.1 per cent stake in Rediff.com India Ltd.<ref>{{cite web |title=Infibeam Avenues acquires 54.1% stake in Rediff.com for ₹50 crore |url=https://www.thehindubusinessline.com/info-tech/infibeam-avenues-acquires-541-stake-in-rediffcom-for-25-crore/article68477073.ece |website=BusinessLine |language=en |date=2 August 2024 |access-date=8 October 2024 |archive-date=8 October 2024 |archive-url=https://web.archive.org/web/20241008110306/https://www.thehindubusinessline.com/info-tech/infibeam-avenues-acquires-541-stake-in-rediffcom-for-25-crore/article68477073.ece |url-status=live }}</ref> Infibeam founder Vishal Mehta became Rediff’s new Chairman and Managing Director, succeeding [[Ajit Balakrishnan]], who had led the company since its founding in 1996.<ref name="BT"/>
In 2024, Rediff.com became a subsidiary of Infibeam Avenues, which acquired a 54.1 per cent stake in Rediff.com India Ltd.<ref>{{cite web |title=Infibeam Avenues acquires 54.1% stake in Rediff.com for ₹50 crore |url=https://www.thehindubusinessline.com/info-tech/infibeam-avenues-acquires-541-stake-in-rediffcom-for-25-crore/article68477073.ece |website=BusinessLine |language=en |date=2 August 2024 |access-date=8 October 2024 |archive-date=8 October 2024 |archive-url=https://web.archive.org/web/20241008110306/https://www.thehindubusinessline.com/info-tech/infibeam-avenues-acquires-541-stake-in-rediffcom-for-25-crore/article68477073.ece |url-status=live }}</ref> Infibeam founder Vishal Mehta became Rediff's new Chairman and Managing Director, succeeding [[Ajit Balakrishnan]], who had led the company since its founding in 1996.<ref name="BT"/>


== See also ==
== See also ==

Latest revision as of 13:16, 9 June 2025

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Rediff.com, stylized as rediff.com, is an Indian news, information, entertainment, and shopping website. Founded by Ajit Balakrishnan in 1996, it was the first Indian website to become a mainstream news media organization.[1][2] It is headquartered in Mumbai with offices in Bangalore, New Delhi, and New York City.[3]

Template:As of, it had more than 300 employees.[4] At the time of its founding, internet access had only been available in India for five months with a mere 18,000 users, leaving Rediff.com as one of the earliest Indian web portals and email providers.[5]

History

The Rediff.com domain was registered in India in 1996.[6] Early products included the email service Rediffmail[7] and Rediff Shopping, an online marketplace selling electronics and peripherals.Script error: No such module "Unsubst".

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.[8] The case was resolved by settlement in 2009.[9]

In April 2001, Rediff.com acquired the India Abroad newspaper.[10]

In 2007, Rediff iShare, a multimedia platform, was released.[11] In 2010, Rediffmail NG was launched, an email service for mobile platforms.[12] In 2012, Rediff launched its Android App for Rediff News.[13]

In April 2016, the company decided to delist from NASDAQ, citing the high cost of reporting requirements, given its financial condition.[14]

Infibeam Avenues Limited's era

In 2024, Rediff.com became a subsidiary of Infibeam Avenues, which acquired a 54.1 per cent stake in Rediff.com India Ltd.[15] Infibeam founder Vishal Mehta became Rediff's new Chairman and Managing Director, succeeding Ajit Balakrishnan, who had led the company since its founding in 1996.[16]

See also

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References

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External links

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  16. ↑ Cite error: Invalid <ref> tag; no text was provided for refs named BT
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