Summary:

Rediff.com Losses Increase: Rediff.com India, the Indian Yahoo, so to speak (provider of news, information, communication, entertainment and…

Rediff.com Losses Increase: Rediff.com India, the Indian Yahoo, so to speak (provider of news, information, communication, entertainment and shopping services for Indians), has increased its losses to $2.61 million, compared to a loss of $1.47 million in the year-ago quarter. It said lower usage and pricing pressures facing its phone-card business have caused it to lower its revenue outlook for the fiscal year by $1 million to $17-$17.5 million.

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