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☆ Ratan Tata, Indian tycoon, dead at 86
▼ + stars: | 2024-10-09 | by ( Deepak Rao | Abel Alvarado | ) edition.cnn.com time to read: 1 min

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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

☆ 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

Two passenger trains and a goods train collided in an accident in the city of Balasore in Odisha state, according to a video statement by state chief secretary Pradeep Jena. Press Trust of India/APA view of a damaged compartment, following the deadly train collision in Balasore, India June 2, 2023. The train travels through India’s east coast, between West Bengal’s capital Kolkata to the South Indian city of Chennai. “Distressed by the train accident in Odisha. The following November, at least 39 people died and 50 others were seriously injured in a train derailment in the southern state of Andhra Pradesh.

Persons: Pradeep Jena, “, ”, Mamata Banerjee, Narendra Modi Organizations: CNN, News18, ”, Jena, Twitter, Press Trust of, Indian, Local, AP India’s, Railways, Communications, Electronics, Information Technology, National Crime Records Locations: India, Balasore, Odisha, Balarore, Press Trust of India, Shalimar, Chennai Coromandel, West Bengal, India’s, West Bengal’s, Kolkata, Indian, Chennai, Uttar Pradesh, Andhra Pradesh

Oct 13 (Reuters) - Late-stage U.S. startups are scooping up talent unlocked by layoffs and hiring freezes at Big Tech, adding experienced engineers and project managers to their roster despite signs of an economic slowdown. A survey of 581 executives, almost entirely from U.S. tech startups, showed that more than 40% of them boosted their hiring plans in the first half of 2022, according to hiring firm A.Team and startup consultant MassChallenge. Companies are also shortening hiring times and offering higher pay packages to lock in candidates as they compete for talent in a tight labor market, recruiters said. Still, some analysts warn there is only so long until startups can continue the hiring pace amid a weak economic backdrop. "If the economy does indeed go into recession, it will only add to the pressure faced by tech firms as demand dries up," says Dante DeAntonio, director of economics research at Moody's Analytics.

☆ Apple Card's credit risk manager leaves for credit card startup X1
▼ + stars: | 2022-09-15 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Apple's manager of credit risk for the Apple Card, Abhi Pabba, has left the company. Pabba, who worked out of the Apple's Austin, Texas, office, will join the California-based credit card company X1 beginning next week as chief risk officer, according to X1 CEO Deepak Rao. Before Apple, he worked at Capital One, where he focused on credit card authorizations. The tech giant's aim with the Apple Card isn't to generate revenue from strong lending decisions but to make the iPhone more essential to its customers. Apple Card is also having issues with automated customer service disputes because of the card's fast growth.

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