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Are Generic portals loosing their grounds ? Rediff post losses again in 2010 !

Recently we heard that Rediff posted a net loss of $7.97 million for the year ended March 2010, as compared to a net loss of $11.26 million in the previous fiscal year. Revenues declined from $25.43 million recorded for the March 2009 ended year to $18.84 million in the 2009-10 fiscal year. During the March 2010-ended year, Rediff earned an interest income of $4.01 million.

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