Dutch firm to invest Rs 250 crore in Kerala's Technopark
Thiruvananthapuram, Sep 23 : Dutch firm Flytxt, which specialises in Artificial Intelligence (AI), data analytics and marketing automation, has announced expanding its R&D facility at the Technopark campus here by further investing Rs 250 crore.
Speaking to IANS, Flytxt Group CEO Vinod Vasudevan said that even though they are headquartered in Amsterdam, the nerve centre of the company is its Technopark campus.
"The entire R&D (Research and Development) activity takes place here... We are going to increase our staff strength from 300 to 500 shortly and it will touch 1,000 in the next five years," said Vasudevan, a PhD from IIT.
Flytxt was formed in 2008 after a group of European investors wanted to invest their money in some business and Vasudevan was roped in from Mumbai.
Their client list of Flytxt includes telecom operators such as Vodafone, Airtel, MTN Group, Viettel, America Movil, Zain.
"Today our software solutions are mostly from the telecom sector as 70 companies worldwide use our products. The fresh investments is being done to enter retail banking,airlines, hospitality industry and digital wallet segments, which too have a huge customer data," said Vasudevan.
Apart from engaging in their own work, Flytxt conducts regular workshops in AI, machine learning and data analytics across campuses in Kerala and outside.
"Kerala did miss the first bus when it delayed its entry into the IT industry due to opposition towards computers. Now here is the chance to see that they do not miss the bus in the automation segment. The need of the hour is to see that engineering curriculum should undergo an overhaul to meet the future demands," added Vasudevan, who operates from Flytxt's Dubai office.
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7 killed after bus overturns in Jharkhand's Hazaribag
Hazaribag (Jharkhand), Nov 21: At least seven people were killed and several others injured on Thursday, after a Patna-bound bus overturned in Jharkhand's Hazaribag district, police said.
The accident occurred near Gorhar Police Station area, around 50 km from the district headquarters, as the bus turned turtle while negotiating a sharp bend, a senior officer said.
Hazaribag SP Arvind Kumar Singh told PTI seven persons were killed, while some suffered serious injuries.
There were around 50 passengers in the bus, which was on way to Patna from Kolkata, another officer said.
Motichand Prasad, a passenger, said his wife Rajkumari Prasad was killed in the accident.
"We were asleep when the accident occurred in the morning. We boarded the bus in Kolkata on Wednesday for Bihar," Prasad, a resident of Bihar's Gopalganj, said.
Another passenger from Bihar Sharif, Ganesh Kumar, said the incident took place around 6 am.
"As the driver tried to negotiate a sharp bend, he lost control over the bus and the vehicle overturned," Kumar said.
A police officer present on the spot said around 10 injured people were in critical condition.
Sub-divisional Police Officer (SPDO), Barhi, Ajit Kumar, said only three bodies could be identified so far – Rajkumari Prasad (55), Niti Samanta (25) and Ejaz Ahmed (40).
“Four other bodies are kept at the morgue of Sheikh Bhikhari Medical College and Hospital (SBMCH) at Hazaribag for identification,” he said.
Three critically injured persons were referred to Ranchi’s RIMS, while the others were being treated at SBMCH.
In a separate incident under the same police station area, two youths were crushed to death by a bus coming from behind.
The deceased were identified as Amit Kumar and Pappu Kumar, who were on a motorcycle when the bus struck the vehicle, an officer said.
