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☆ How to avoid the 'survivor's penalty' before a spouse passes
▼ + stars: | 2024-03-18 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +4 min

Jessie Casson | Digitalvision | Getty ImagesIt's hard to lose a spouse, and a costly surprise makes it even more difficult, especially for older women — higher taxes. watch nowTypically, the surviving spouse inherits the deceased spouse's individual retirement accounts, and so-called required minimum distributions are about the same. But the surviving spouse now faces higher tax brackets, Gagliardi said. Spouses may consider partial Roth IRA conversions, which transfers part of pretax or nondeductible IRA funds to a Roth IRA for future tax-free growth, Jastrem said. Check investment accountsIt's always important to keep account ownership and beneficiaries updated, and failing to plan could be costly for the surviving spouse, Jastrem said.

Persons: Jessie Casson, Digitalvision, Edward Jastrem, —, Donald Trump's, George Gagliardi, Gagliardi, Roth, Jastrem Organizations: Getty, Centers for Disease Control, Heritage Financial Services, CNBC, Coromandel Wealth Management, Wealth Locations: Westwood , Massachusetts, Lexington , Massachusetts

Investors like dividend stocks for their yields, but the equities' returns have been pretty dismal so far this year. "That's what is putting pressure on these [dividend] stocks, or maybe just keeping them from lifting." IPDP YTD line Dividend Performers ETF (IPDP) performance year to date When it comes to specific stocks, Gilreath likes two under-the-radar plays: Brady Corporation and ABM Industries . Brady, which manufacturers identification and health-care products, has a 1.7% dividend yield. Diversification in light of recession risk When it comes to dividends, investors should look for quality rather than quantity.

Persons: That's, Bond, Andrew Graham, Dave Sheaff Gilreath, Gilreath, Morningstar . Brady, Capital's Graham, Graham, Dow, Laura Mattia, Morningstar, George Gagliardi, You'd, I'm Organizations: Investment, Jackson, Capital, Federal Reserve, Brady Corporation, ABM Industries, Dow Inc, Dow, LyondellBasell, Shell, Coromandel Wealth Management, U.S Locations: San Francisco, Indianapolis, Sarasota , Florida, Lexington , Massachusetts

☆ How to prepare for the 'survivor's penalty' before a spouse passes
▼ + stars: | 2023-11-11 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +4 min

Nosystem Images | E+ | Getty ImagesMany older women outlive their spouses and may not expect higher future taxes after suffering from the loss. As a result, many married women eventually face a "survivor's penalty," resulting in higher future taxes, according to certified financial planner Edward Jastrem, chief planning officer at Heritage Financial Services in Westwood, Massachusetts. watch nowTypically, the surviving spouse inherits the deceased spouse's individual retirement accounts and so-called required minimum distributions are about the same. But the surviving spouse now faces higher tax brackets, Gagliardi explained. Review investment accountsIt's always important to keep account ownership and beneficiaries updated, and failing to plan could be costly for the surviving spouse, Jastrem said.

Persons: Edward Jastrem, —, Donald Trump's, George Gagliardi, Gagliardi, Roth, Jastrem Organizations: Getty, Centers for Disease Control, Heritage Financial Services, Coromandel Wealth Management, Wealth Locations: Westwood , Massachusetts, Lexington , Massachusetts

☆ Cryptoverse: As good as gold? Spot bitcoin ETFs aim to whip up US demand
▼ + stars: | 2023-10-31 | by ( Suzanne Mcgee | ) www.reuters.com time to read: +5 min

Mainstream investment giants such as BlackRock (BLK.N) and Fidelity, as well as crypto-focused firms like Grayscale, have filed applications for spot bitcoin ETFs. U.S. crypto firm NYDIG estimates demand for a spot bitcoin ETF at around $30 billion. Their calculation compares the sizes of the gold and bitcoin ETFs - $210 billion versus $28.8 billion, respectively - and adjusts them for their relative volatility. BlackRock declined to comment on its pending spot bitcoin ETF, other than to confirm that it is still awaiting final SEC approval. His forecast is based on how demand evolved in smaller markets where spot bitcoin ETFs already exist, such as Canada.

Persons: Dado, Dave Mazza, George Gagliardi, cryptocurrencies, bitcoin, Todd Sohn, Steven McClurg, Crypto, Matthew Sigel, Matthew Hougan, Steve Sosnick, Suzanne McGee, Ira Iosebashvili, Michelle Price Organizations: REUTERS, Roundhill Investments, Fidelity, U.S . Securities, Exchange, Coromandel Wealth Management, Strategas Securities, Boston Consulting, BlackRock, SEC, Bitwise Investments, Interactive, Thomson, Reuters Locations: U.S, BlackRock, Lexington , Massachusetts, Canada

☆ World’s best cities for street food and cocktails
▼ + stars: | 2023-10-28 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +4 min

Get the latest news in aviation, food and drink, where to stay and other travel developments. CNN —In our latest roundup of travel news: great cities for world-class cocktails, Japanese street food and Michelin-starred fine dining, plus father-son and grandmother-granddaughter aviation teams taking to the skies. Bars, street food and fine diningWhere do you go to find the world’s best bar? And for Asian street food, one Japanese city has more open-air food stalls than the rest of the country combined. See an emperor penguin hatchVideo Ad Feedback See emperor penguin hatch at SeaWorld in 'once in a decade' event 00:48 - Source: CNNThis emperor penguin chick is the first to hatch at SeaWorld San Diego in over 10 years.

Persons: it’s, speakeasy Paradiso, Japan’s, Hannah Heck, Cynthia Heck, Ruben Flowers, Ruben, Little Ruben, Gray, Tranquebar Organizations: CNN, Michelin, speakeasy, Southwest Airlines, Travel, Brussels Airport, Google, SeaWorld San, Staff, Comedy Locations: Barcelona, Fukuoka, Georgia’s, Atlanta, California, France, South Carolina, Brussels, Japan, Tokyo, SeaWorld, SeaWorld San Diego, Coromandel Coast, Danish, India, Redonda, Caribbean

CNN —Indian authorities have arrested three railway officials as part of an investigation into one of the deadliest train crashes in the country’s history. The Central Bureau of Investigation (CBI) said in a statement that they had arrested three Department of Railways officials on Friday. The move follows the deaths of at least 275 people in a three-way crash involving two passenger trains and a freight train in eastern Odisha state on June 2. The railways minister Ashwini Vaishnaw has previously said the accident had occurred “due to a change in electronic interlocking” and that an investigation would show “who was responsible” for that. According to senior railway officials, the crash took place when the Coromandel Express, a high-speed train traveling from Kolkata to Chennai, was diverted onto a loop line and slammed into a heavy goods train idled at Bahanaga Bazar railway station.

Persons: ”, Narenda Modi, Ashwini Vaishnaw, Jaya Varma Sinha, Naveen Patnaik, Modi, Modi’s Organizations: CNN, Central Bureau of Investigation, of Railways, Indian, Howrah Locations: Odisha, Kolkata, Chennai, Bahanaga Bazar, Bangalore

Indian officials on Friday arrested three railway workers in connection with a deadly train crash last month that left at least 290 people dead and once again highlighted safety problems across a vast train network that serves as an important lifeline for the poor. India’s Central Bureau of Investigation, which is leading the criminal inquiry into the train accident in the eastern state of Odisha, said the workers were arrested on charges of endangering the safety of passengers, culpable homicide without murder, and tampering with evidence. In a statement, the agency identified the three as a senior section engineer, a section engineer and a technician. The “investigation is continuing,” the agency said. The Coromandel Express, which was traveling from West Bengal, crashed into a parked freight train in Odisha at a speed of 80 miles an hour, resulting in a three-way tangle with another train that was passing in the opposite direction.

Organizations: India’s, Bureau of Investigation Locations: Odisha, West Bengal

☆ These energy investments spin out attractive income, even as oil prices have fallen
▼ + stars: | 2023-07-05 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

Energy stocks are also this year's underdogs, with the S & P sector down more than 7%. In turn, the limited partners collect income distributions from the business. MLPs aren't subject to federal income taxes, but the limited partners are responsible for levies on the income they receive. In that case, the C-corp pays corporate income taxes and the shareholders are responsible for levies on dividends they get. Tax hurdles Attractive income aside, investors need to be on the lookout for where they keep these MLPs.

Persons: there's, Stephen Ellis, Ellis, MLPs, George Gagliardi, you'll Organizations: West Texas, Energy, Morningstar Research Services, Wealth Management, MLP, Internal Revenue Service

☆ How India’s deadly train accident affected poorest passengers the most
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: +6 min

On the Howrah they were the farthest from the engine, and were hit by the derailed Coromandel Express carriages. Graphic shows the sequence of coaches behind the engine on the Coromandel Express and Howrah Superfast Express. On the Coromandel Express, the engine is closely followed by non-air conditioned coaches, including three unreserved coaches. Deaths and injuries in Indian railway accidents Graphic shows the number of deaths and injuries in Indian railway accidents annually since 2001. Drone footage shows aftermath of train crash in the Indian state of Odisha Drone footage shows aftermath of train crash in the Indian state of Odisha | ReutersThe site of the accident is rural.

Persons: Bahanaga, Sandeep Mathur, Long, Narendra Modi Organizations: Coromandel, Reuters, Indian Railways, Commission of Railway Safety, Railways, CRS, Superfast Express, Express, Railway Ministry Locations: Chennai, Odisha, Balasore, Indian, Kolkata, Bengaluru, India, Coromandel, Howrah, Bihar, Odisha’s Balasore

They cram themselves every day by the millions onto India’s overtaxed trains, chasing a shred of economic opportunity across the vastness of the world’s most populous nation. Tickets costing about $5 — nearly a day’s wage — are all they can afford. Almost all of the 288 dead were in those three cars at the front of the train — a fact, confirmed by officials, that has gone almost unnoticed in India. Unlike the 1,200 people in reserved seats, those in the general coaches were officially nameless; the rail service had no record of their identity. Their names and other details emerged only when they were taken to hospitals, or when a loved one traveling hundreds of miles identified their bodies in a morgue.

Persons: chai Organizations: Express Locations: India

Indian and international media have previously reported that a possible malfunction in the automated signalling system may have led to the crash. However, details of the frequent malfunctions at the nearby rail-road barrier and its possible connection to a manual bypass of the signalling system are reported by Reuters for the first time. A spokesman for Indian Railways said "repair works keep happening as per requirements" but tampering with the automated system is not allowed. "(Indian) Railways believes the system was tampered with," said the second source, who has access to briefings on the investigation. The Indian Railways spokesman did not directly address the authorisation issue and only said it is not allowed under Indian Railways rules.

Persons: Amitabh Sharma, Sharma, Soubhagya Ranjan Sarangi, Narendra Modi's, Jaya Varma Sinha, Sinha, Sandeep Mathur, Mathur, Sudhanshu Mishra, Krishn Kaushik, Jatindra, Sarita Chaganti Singh, YP Rajesh, Angus MacSwan Organizations: Railways, Reuters, of Railway Safety, CRS, Railway Board, Railways Ministry, Indian Railways, police’s Central Bureau of Investigation, CBI, Coromandel Express, Express, YP, Thomson Locations: India, DELHI, Bahanaga Bazar, Balasore, Odisha, Bahanaga, Niranjan, Chennai, Kolkata, New Delhi

☆ India train crash: Family hopes DNA test will help claim for body
▼ + stars: | 2023-06-06 | by ( Francis Mascarenhas | ) www.reuters.com time to read: +3 min

Four days after the disaster, Haq has found no trace of his brother, who was travelling with the boys. "We are left with no option but to do a DNA test to determine whose body it is. The whole process takes really long," a distraught Haq told Reuters at the All India Institute of Medical Sciences (AIIMS), one of the main hospitals in Odisha's capital of Bhubaneswar. Authorities had taken DNA samples from all the dead bodies in hospitals across the state, senior police official Prateek Singh told reporters on Tuesday. "In cases where there are multiple claimants, we have taken DNA samples from family members and we will preserve the bodies until the DNA matches," Singh told local media.

Persons: Imam Ul Haq, Tavseer Ansari, Francis Mascarenhas, Mohammed Imam Ul Haq, Haq, Prateek Singh, Singh, Francis Mascerenhas, Shilpa Jamkhandikar, Bernadette Baum, Simon Cameron, Moore Organizations: REUTERS, Francis Mascarenhas BHUBANESWAR, Reuters, All India Institute of Medical Sciences, Authorities, Thomson Locations: Balasore, Bhubaneswar, Odisha, India, Odisha's, Bihar, Assam, Jharkhand, West Bengal, Tamil Nadu, Karnataka, Andhra Pradesh

☆ Read the pitch deck that helped raise $5 million for fintech FilmHedge after it closed $100 million in debt financing to fund new films and TV shows
▼ + stars: | 2023-06-06 | by ( Reed Alexander | ) www.businessinsider.com time to read: +5 min

FilmHedge closed in March on a $5 million funding round and has a $100 million credit facility. FilmHedge, an Atlanta-based fintech launched in February 2020, provides liquidity to productions with budgets ranging from $1 million to $50 million. It follows a $100 million credit facility from Coromandel Capital and Fallbrook Capital in 2022, which helps FilmHedge finance projects. "We have access to $100 million, but we see around $70 million in applicants per month," he said, "so we have to pass on a lot of deals." FilmHedge gave Insider a look at the 18-page pitch deck it used while raising its $5 million Series A round and $100 million credit facility — check it out here.

Persons: FilmHedge, Jon Gosier, fintech, May FilmHedge, Gosier, —, Axios, FilmHedge hadn't Organizations: Hollywood, Netflix, Entertainment, Variety, Lionsgate, Disney, Collab, WOCStar, Savannah College of Art & Design, TriplePoint, Coromandel Capital, Fallbrook, Media Locations: Atlanta, Coromandel, Hollywood

REUTERS/Francis MascarenhasBALASORE, India, June 7 (Reuters) - Indian authorities made fervent appeals to families on Tuesday to help identify over 100 unclaimed bodies kept in hospitals and mortuaries after 275 people were killed in the country's deadliest rail crash in over two decades. Following non-stop efforts to rescue survivors and clear and repair the track, trains resumed running over that section of the line on Sunday night. Till Monday evening around 100 bodies were yet to be identified, a senior state health department official told Reuters. Bijay Kumar Mohapatra, health director of Odisha, said authorities were trying to source iced containers to help preserve the bodies. "Unless they are identified, a post mortem cannot be done," Mohapatra said, explaining that under Odisha state regulations no autopsy can be conducted on an unclaimed body until 96 hours has passed.

Persons: Dilip Kumar Sabar, Jyotilal Sabar, Francis Mascarenhas BALASORE, Bijay Kumar Mohapatra, Odisha, Mohapatra, A.M, Chowdhary, Jatindra Dash, Krishn Kaushik, Sudipto Ganguly, Simon Cameron, Moore Organizations: REUTERS, Reuters, All India Institute of Medical Sciences, India's Railway, federal Central Bureau of Investigation, CBI, Railway, Express, Thomson Locations: Balasore, Bhubaneswar, Odisha, India, Bhubaneswar's, Assam, Bihar, Jharkhand, West Bengal, Tamil Nadu, Karnataka, Andhra Pradesh, Chennai, Kolkata, Howrah

☆ India train crash: Devastating scenes of despair after one of the worst train crashes the country has ever seen
▼ + stars: | 2023-06-05 | by ( Ivan Watson Kunal Sehgal Deepak Rao Rhea Mogul | Ivan Watson | Kunal Sehgal | ) edition.cnn.com time to read: +10 min

Some of the coaches rolled to the other side,” the 32-year-old restaurant worker told CNN from a hospital in India’s eastern Odisha state. Their story is just one of hundreds unfolding across the country as India deals with one of the worst train crashes it has ever seen. Doctors confer as they attend to survivors of a train accident in a hospital in Balasore, India, on June 4, 2023. A drone view shows derailed coaches after two passenger trains collided in Balasore district in the eastern state of Odisha, India, June 3, 2023. In 2011, scores were killed when a train jumped tracks in the northern state of Uttar Pradesh.

Persons: CNN — Manto Kumar, “, ’, Punit Paranjpe, “ I’ve, I’ve, Laluti Devi, ”, Abhishek Chinnappa, Ashwini Vaishnaw, Laxminaranyan, Stringer, Reuters Anushuman Purohi, ” Vaishnaw, Rafiq Maqbool, Narendra Modi, Modi’s, Vaishnaw, Kumar Organizations: CNN, Express, Getty, Mojo, India’s, Government Medical College, Howrah, Reuters, Sunday, Indian, Crime Records, AP Railways, Central Bureau of Investigation, Authorities Locations: India’s, Odisha, India, Balasore, AFP, Bhubaneswar, Chennai, Kolkata, Bahanaga Bazar, Bangalore, Tamil Nadu, Balasore district, Andhra Pradesh, Uttar Pradesh

☆ Probe into Indian rail disaster opens as trains start running
▼ + stars: | 2023-06-05 | by ( Jatindra Dash | ) www.reuters.com time to read: +3 min

Following non-stop efforts to rescue survivors, and clear and repair the track, trains resumed running over that section of the line on Sunday night. The inquiry is underway," a senior railway officer told a Reuters reporter, as officials checked documents being submitted for examination. India's Railway Board, the top executive body, has recommended that the Central Bureau of Investigation take over the investigation into the cause of the disaster. "We have to move towards normalization... Our responsibility is not over yet," railway minister Ashwini Vaishnaw told reporters. "Passenger occupancy is almost 99%," Aditya Chaudhary, chief public relations officer of South Eastern Railway, told Reuters.

Persons: Adnan Abidi, A.M, Chowdhary, Ashwini Vaishnaw, Aditya Chaudhary, Jatindra Dash, Subrata, Tanvi Mehta, Sudipto Ganguly, Simon Cameron, Moore Organizations: REUTERS, Reuters, Railway Board, Central Bureau of, Express, South Eastern Railway, Thomson Locations: Balasore district, Odisha, India, Adnan, Adnan Abidi KHARAGPUR, Balasore, Kharagpur, West Bengal, Chennai, Kolkata, Howrah, New Delhi

The other passenger train was a Yesvantpur-Howrah Superfast Express train, running from a commuter hub in Bangalore to Kolkata, the capital of the eastern state of West Bengal. India’s railway minister, Ashwini Vaishnaw, said that he had ordered an investigation into the cause and that those affected by the crash would receive compensation. Site of the train crash An initial government report said that the Coromandel Express passenger train derailed while traveling at full speed. Dozens of trains had been canceled but crews were rushing to restore service after pushing off the train cars involved in the crash off the tracks. In 2016, 14 train cars derailed in India’s northeast in the middle of the night, killing more than 140 passengers and injuring 200 others.

Persons: Ashwini Vaishnaw, Derailments, Jitendra Prakash, Narendra Modi, Modi, Modi’s, Amit Dave, Suresh Prabhu, Mr, Vaishnaw, Mujib Mashal Organizations: Chennai Coromandel Express, South Eastern Railway, Express, Coromandel, INDIA, Sunday, Economic, Disaster Management, Reuters Rail Locations: India, Balasore, Odisha State, Shalimar, Chennai Coromandel, India’s, Howrah, Bangalore, Kolkata, West Bengal, Bahanaga Bazar, Bhubaneswar, Odisha’s, Bihar, Pukhrayan, Delhi, Mumbai, Ahmedabad

☆ India rail crash probe focuses on track management system
▼ + stars: | 2023-06-04 | by ( Yp Rajesh | ) www.reuters.com time to read: +3 min

NEW DELHI, June 4 (Reuters) - Investigators are probing an electronic track management system that they suspect malfunctioned and caused India’s deadliest train crash in more than two decades, railways officials said on Sunday. In their first detailed briefing on the crash, Indian Railways officials said that failure of the track management system was the main focus of investigations. The computer-controlled track management system, called the “interlocking system”, directs a train to an empty track at the point where two tracks meet, Sandeep Mathur, principal executive director for signalling, told reporters. It also coordinates and controls the signal to an oncoming train, indicating whether the train has to move straight or switch to a new track, he said. The interlocking system should not have allowed the Coromandel Express to take the loop track, Sinha said.

Persons: Sandeep Mathur, ”, Jaya Varma Sinha, Sinha, Adnan Abidi, Frances Kerry Organizations: Indian Railways, Railway Board, REUTERS, Express, YP, Thomson Locations: DELHI, Odisha, Balasore district, Coromandel, Chennai, Kolkata, India, Howrah

Nearly 1,200 people were injured when a passenger train hit a stationary freight train, jumped the tracks and hit another passenger train passing in the opposite direction near the district of Balasore. The drivers of both passenger trains were injured but survived, she said. RESTORATIONWorkers with heavy machinery were clearing the damaged track, wrecked trains and electric cables, as distraught relatives looked on. More than 1,000 people were involved in the rescue, the Railway Ministry said on Twitter. "The target is by Wednesday morning the entire restoration work is complete and tracks should be working," Vaishnaw said.

Persons: Pradeep Jena, Ashwini Vaishnaw, Narendra Modi, stringently, Modi, Jaya Varma Sinha, Stringer, Sinha, Vaishnaw, Kanchan Choudhury, Jatindra Dash, Rajesh, Jayshree Upadhyay, Ira Dugal, Robert Birsel, Sonali Paul, William Mallard, Nick Macfie Organizations: Railways, India's Railway Board, Central Bureau of Investigation, Railway, Express, Railway Ministry, Twitter, Wednesday, Thomson Locations: BAHANAGA, India, Odisha, Balasore, Chennai, Kolkata, du, Inde, Howrah

Rescue workers gather around damaged carriages during search for survivors at the accident site on Saturday. With the rail routes still blocked, family members of deceased passengers are having to find their way by other means to the crash site, to help identify the dead. India’s extensive rail network, one of the largest in the world, was built more than 160 years ago under British colonial rule. Decaying infrastructure is often cited as a cause for traffic delays and numerous train accidents in India. An ambitious National Rail Plan, announced in 2021, envisages that all major cities in north, west and south India should be connected by high-speed rail.

Persons: –, Ashwini Vaishnaw, ”, Dibyangshu Sarkar, Jaya Varma Sinha, ” Sinha, Mansukh Mandaviya, Mandaviya, Naveen Patnaik, Patnaik, “, Narenda Modi, Narendra Modi, Volodymyr Zelensky, Vladimir Putin, Joe Biden, Rishi Sunak, Fumio Kishida, Antonio Guterres, Pope Francis, Modi, Modi’s, Albright Organizations: Hong Kong CNN, Howrah, Bangalore . Rescue, Getty, Jaya, India’s Health, Sunday, Odisha’s, Public Relations Department, Indian, Rapid, Force, British, United Nations, National Crime Records, Group, Rail Plan, Bharat Locations: New Delhi, London, Hong Kong, Balasore, Odisha, Indian, Kolkata, Chennai, Bazar, Bangalore, AFP, Tamil Nadu, Russian, India, Jammu, Kashmir

A second passenger train, heading in the opposite direction, then struck some of the dislocated cars. More than 2,200 passengers in all were onboard the passenger trains, according to railway officials, and at least 23 cars were derailed. The other passenger train was a Yesvantpur-Howrah Superfast Express train, running from a commuter hub in the southern city of Bengaluru to Kolkata, the capital of the northeastern state of West Bengal. Site of the train crash An initial government report said that the Coromandel Express passenger train derailed while traveling at full speed. In 2016, 14 train cars derailed in India’s northeast in the middle of the night, killing more than 140 passengers and injuring 200 others.

Persons: Ashwini Vaishnaw, Vaishnaw, Derailments, Jitendra Prakash, Narendra Modi, Modi, Modi’s, Amit Dave, Suresh Prabhu, Mr, Mujib Mashal Organizations: Chennai Coromandel Express, South Eastern Railway, Express, Coromandel, INDIA, Economic, Disaster Management, Reuters Rail Locations: India, Balasore, Odisha State, Shalimar, Chennai Coromandel, India’s, Howrah, Bengaluru, Kolkata, West Bengal, Odisha, Bhubaneswar, Odisha’s, Bihar, Pukhrayan, Delhi, Mumbai, Ahmedabad

Bahanaga Bahanaga Bazar rail station Site of initial impact Coromandel Express passenger train Freight train carrying iron ore Bahanaga Bahanaga Bazar rail station Site of initial impact Coromandel Express passenger train Freight train carrying iron ore Bahanaga Bahanaga Bazar rail station Site of initial impact Freight train carrying iron ore Coromandel Express passenger train The New York Times; aerial drone image via ReutersInvestigators of the deadly multi-train crash in India have focused on the possibility that it was caused by an electronic signal system failure. 1 Two passenger trains approach◀ South to Chennai North to Kolkata ▶ Other freight train Second passenger train Coromandel Express Freight train with iron ore ◀ South to Chennai North to Kolkata ▶ Other freight train Second passenger train Coromandel Express Freight train with iron oreAt around 7 p.m. local time, the Coromandel Express passenger train approached from the north at a speed of about 80 miles per hour. 2 Coromandel Express veers onto occupied trackOther freight train Second passenger train (exact position unknown) Possible signal system failure Coromandel Express Freight train with iron ore Second passenger train (exact position unknown) Other freight train Coromandel Express Possible signal system failure Freight train with iron oreThe Coromandel Express veered onto an adjacent track occupied by an idled freight train that was loaded with iron ore. An Indian Railways official said that a problem with the signal system was most likely the overall cause of the crash, though investigations were still underway. 3 First passenger train collides with freight trainOther freight train Second passenger train (exact position unknown) Coromandel Express Freight train with iron ore Collision Second passenger train (exact position unknown) Other freight train Coromandel Express Freight train with Iron ore CollisionThe Coromandel Express collides with the freight train. 4 Second passenger train is hitOther freight train Second passenger train Freight train with iron ore Derailed cars strike second passenger train Coromandel Express Other freight train Freight train with Iron ore Derailed cars strike second passenger trainThe derailed cars from the Coromandel Express strike the second passenger train as it passes, causing two cars at the end of the second passenger train to derail.

Organizations: New York Times, Reuters Investigators, Coromandel, Indian Railways, Coromandel Express Locations: India, Chennai North, Kolkata, Howrah, Coromandel

BALASORE, India, June 3 (Reuters) - Ompal Bhatia, a survivor of the three-train crash in India on Friday, had first thought he was dead. When the train he was traveling in went off-track, Bhatia was with three friends on his way to Chennai for work. The 25-year-old had spent most of the four-hour journey on the Coromandel Express standing. The train, traveling past hills along India’s eastern coast, takes more than 24 hours to complete the journey of more than 1600 kilometres. Archana Paul, a housewife from West Bengal, was in the other train, the Howrah Yesvantpur Express, when the crash happened.

Persons: Ompal Bhatia, Bhatia, Moti Sheikh, Sheikh, ” Bhatia, ”, Archana Paul, Paul, “, Das, Jatindra Dahs, Krishn Kaushik, Christina Fincher Organizations: Reuters, Express, Thomson Locations: BALASORE, India, Chennai, Bangalore, West Bengal, Howrah, Balasore, New Delhi

June 3 (Reuters) - At least 233 people were killed and 900 were injured when two passenger trains collided in India's Odisha state, a government official said on Saturday, making the rail accident the country's deadliest in more than a decade. The death toll from Friday's crash is expected to rise, the state's Chief Secretary Pradeep Jena said on Twitter. Early on Saturday morning, Reuters video footage showed police officials moving bodies covered in white cloths off the railway tracks. [1/5] A drone view shows derailed coaches after two passenger trains collided in Balasore district in the eastern state of Odisha, India, June 3, 2023. Although Chief Secretary Jena and some media reports have suggested a freight train was also involved in the crash, railway authorities have yet to comment on that possibility.

Persons: Pradeep Jena, sobbed, Naveen Patnaik, Abinaya Vijayaraghavan, Akriti Sharma, Jatindra, Subrata Nag Choudhury, Edwina Gibbs Organizations: Twitter, Reuters, REUTERS, Stringer Authorities, Ministry of Railways, Jena, Force, Indian Railways, Thomson Locations: India's Odisha, Balasore, Howrah, Bangalore, Howrah , West Bengal, Kolkata, Chennai, Balasore district, Odisha, India, Odisha's, Bengaluru, Bhubaneswar

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