Newsmakers: Apple sales dip, PM Modi Atal Pension Yojana and more

Apple sees first sales dip in more than a decade
Apple Inc forecast its first revenue drop in 13 years and reported the slowest-ever increase in iPhone shipments as the critical Chinese market showed signs of weakening, suggesting the technology company's period of exponential growth may be ending.

PM Narendra Modi's Atal Pension Yojana meets 10% target
The Centre's flagship pension plan, launched with much fanfare last year, is struggling to stay afloat. It has been able to bring only about 10 per cent of the targeted two crore under its ambit. The Atal Pension Yojana (APY), aimed at ensuring pension for those who have neither employment security nor retirement facilities, seems to have run out of steam right from the start.

Ford recalls about 391K Ranger pickups due to air bag death
Ford is recalling nearly 391,000 Ranger pickups because the driver's air bag inflators can explode with too much force and cause injuries. The recall covers trucks from the 2004 through 2006 model years in the US and Canada.

Neyveli Lignite Corp allotted coal block in Jharkhand
Public sector Neyveli Lignite Corporation (NLC) has been allotted a coal block by the Jharkhand government, officials said. "On the coal front, we have been allotted a coal block in Jharkand and we have requested Ministry of Coal to allot us further blocks, which will fuel our capacity additions in coal-based generation," Neyveli Lignite Corporation Chairman and Managing Director Sarat Kumar Acharya said.

EDF, NPCIL sign deal to build 6 nuclear plants in India
French utility EDF said it has signed preliminary agreement with Nuclear Power Corp of India Ltd (NPCIL) to build six nuclear reactors in the western part of the country. The nuclear project at Jaitapur is currenlty in the preliminary technical studies stage and had received environmental clearances in 2010.