REDFY Rediff com India Limited (CE)

Shares of companies in India's Internet Sector have been volatile over the last month as mixed growth forecasts from key industry heavyweights has offset growing internet awareness in the emerging economy. While it is no secret that internet traffic is growing rapidly in India, recent earnings reports from Rediff.com and Sify Technologies have pushed US investors out of the sector. The Bedford Report examines the outlook for companies in India's Internet Sector and provides investment research on Rediff.com India Ltd. (NASDAQ: REDF) and Sify Technologies Limited (NASDAQ: SIFY). Access to the full company reports can be found at:

www.bedfordreport.com/2011-06-STOCK-REPORT-ON-REDF

www.bedfordreport.com/2011-06-STOCK-REPORT-ON-SIFY

According to a new report from Cisco, India's Internet traffic is expected to grow 9-fold by 2015, at a compound annual growth rate of 55 per cent. According to the report, the main driver of the uptake in Internet usage will be video. Internet video traffic will be 63 per cent of all consumer traffic in 2015, up from 20 per cent in 2010.

Government initiatives have been conducted to facilitate internet networks and 'common service centers' both of which increased in 2010.

The Bedford Report releases market research on India's Internet Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.

Last month Sify Technologies posted revenues of US $154.24 million for the year ended March 31, 2011, about 2.6% higher than the previous year's revenues of US $150.28 million. Net loss before tax for the year was US $10.47 million, as against a net loss of US $13.23 million in the previous year, on a comparable basis excluding extraordinary income amounting to US $12 million. Shares of SIFY plunged on the news, but have since recovered much of the losses after the company announced a partnership with Deutsche Telekom International Carrier Sales & Solutions (ICSS), the international wholesale arm of Deutsche Telekom.

Sify industry peer, Rediff.com recently announced that its fourth quarter India online advertising revenues grew 24% on a year-over-year basis and 2% sequentially, while total India revenue, grew 20% and 1% for the same respective periods.

The Bedford Report provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.bedfordreport.com/disclaimer

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