Rediff.com has reported a net loss of $1.18 million for the first quarter ended June 30, 2010, as compared to a net loss of $1.43 million posted for the corresponding quarter of the previous fiscal year. Total revenues increased by 4.4 per cent to $5.18 million during June 2010 ended quarter from $4.96 million posted for the first quarter of the previous fiscal year.
" We use the internet to achieve two primary business objectives: branding campaigns and new customer acquisition campaigns. The measurable nature of the medium is one of the main reasons we are able to leverage the internet to achieve these twin business objectives. "
- Gowri Mukherjee
senior vice president and head, eBusiness, Citibank India