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Business

Samsung Forecasts Record $80 Billion Quarterly Profit on AI Chip Demand

Samsung Electronics projected a record quarterly operating profit of 107.4 trillion won ($80.17 billion) for July-September, driven by soaring AI chip demand and strong memory sales. This marks the fourth consecutive quarter of record profits amid a global memory chip shortage. Samsung and Micron expect supply-demand imbalance to continue until 2028, though risks include Chinese competition and potential AI spending slowdown.

Business Standard·

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Sports

Sports Ministry to Review Asian Games Medal Shortfall Despite Huge Spending

India spent crores on the Asian Games but returned with fewer medals than expected, prompting the Sports Ministry to take action. A meeting will be held to address the decline in medal tally. India won 85 medals including 21 golds at the 2026 Asian Games. The Prime Minister is scheduled to meet the medalists on October 15.

Navbharat Times·

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Health

GCE Opens Medical Gas Centre in India Amid Healthcare Expansion

GCE has inaugurated a new medical gas centre in India as part of the ongoing expansion of healthcare infrastructure. This development aims to enhance the supply and availability of medical gases critical for hospitals and healthcare facilities, supporting improved patient care and medical treatments across the country.

gasworld·

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Business

GST Council Removes Arrest Powers of Officers, Sets Rs 10,000 Show-Cause Notice Floor

The GST Council has approved the removal of arrest powers from GST officers and set a minimum threshold of Rs 10,000 for issuing show-cause notices. Additionally, the prosecution threshold has been raised to Rs 5 crore. These reforms aim to ease compliance and reduce harassment of taxpayers, as announced in the 2026 GST Council meeting led by Finance Minister Sitharaman.

Moneycontrol.com·

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Science

Astronomers Discover Most Powerful Radio Galaxy TXS 2354+015

Astronomers have discovered an extremely powerful radio galaxy named TXS 2354+015, estimated to be about 12.5 billion years old. It is considered the most powerful radio galaxy found so far. The galaxy's central supermassive black hole emits plasma jets that have caused significant disturbances in space.

News18 Hindi·

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Science

Astronaut Sophie Adenot Returns to Earth After Record Space Mission

Astronaut Sophie Adenot has safely returned to Earth following a record-setting space mission. She was part of NASA's SpaceX Crew-12, which splashed down at 11:34 a.m. EDT. The mission involved four astronauts who completed a medical relief operation on the International Space Station before returning home.

Euronews.com·

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