Latest news with #PFC
Business Wire
5 hours ago
- Business
- Business Wire
FS Launches Future-Ready 200G Switch Solution for AI Storage and Seamless 400G Migration
NEW CASTLE, Del.--(BUSINESS WIRE)--FS, a trusted global provider of ICT products and solutions, highlights the N8550-24CD8D ( a future-ready 200G switch widely adopted in AI storage and evolving data center deployments. Purpose-built for hybrid infrastructure upgrades and AI workloads, the switch delivers high throughput, flexible port design, and seamless scalability to support next-generation networking demands. As enterprises and service providers face growing AI workloads and the need for faster, lossless data transport, many are upgrading from 100G or 200G to 400G architectures. The N8550-24CD8D plays a critical role in this transition—serving as a high-density access switch for 100/200G AI storage networks while seamlessly integrating into 400G spine-leaf topologies via uplinks to FS 400G spine switches ( This flexible deployment model enables cost-effective scaling and ensures consistent, low-latency performance for demanding AI and cloud applications. Designed for mid-to-large scale data centers, the N8550-24CD8D is a high-density leaf switch featuring 24×200G ports with breakout options to 2×100G or 4×50G, ensuring backward compatibility and flexible access. In 400G spine-leaf network upgrade scenarios, it provides 8×400G uplinks to seamlessly connect with FS's 400G spine switches such as the N9550-32D or N9550-64D, enabling scalable and smooth migration to full 400G fabrics with advanced protocols like EVPN-VXLAN and MLAG for multi-tenant environments. In AI storage network architectures, the switch acts as a critical aggregation leaf, connecting compute and storage nodes with low-latency, lossless performance by leveraging RoCEv2, PFC, and ECN. Powered by the Broadcom Trident 4 chip and large buffers, the switch ensures low-latency, high-throughput performance for demanding AI workloads. Its flexible port configuration also supports compact aggregation scenarios requiring high-density connectivity. Key Features of FS N8550-24CD8D 200G Switch: Broadcom BCM56780 Trident 4-X9 Chip, 8 Tbps Throughput 24x 200GbE QSFP56, Can Use Breakout for 2x 100GbE or 4x 50GbE PicOS® Supports MLAG, EVPN-VXLAN, RoCEv2, PFC, ECN and DLB AmpCon-DC Management Platform Provides Full Day 0 to Day 2+ Capabilities Designed for Data Center Fabric Spine/Leaf Senior Manager of Product R&D at FS, stated: "FS is committed to delivering fully optimized network solutions for HPC data centers. With extensive experience in 400G/800G InfiniBand and RoCE-based architectures, we have launched the high-density, low-latency N8550-24CD8D switch. This product exemplifies our dedication to providing leaf solutions that enable seamless 400G network upgrades and robust AI storage network aggregation. With its advanced features and flexible design, the N8550-24CD8D empowers our customers to build scalable, efficient, and future-proof data center fabrics." About FS FS ( is a trusted provider of ICT products and solutions to enterprise customers worldwide. Established in 2009, the company focuses on HPC, Data Center, Enterprise, Telecom, providing tailored product development and solution design based on professional customer needs. Leveraging dedicated R&D and testing teams, comprehensive technical service experts, a robust supply chain system, globalized warehousing centers, and convenient shopping platform, FS delivers a wide range of highly efficient customer-centric ICT products, solutions and services to global vertical industry and enterprise customers across ISP, telecom, retail, education, etc.
News18
2 days ago
- Business
- News18
PFC arm transfers power transmission project SPV to HG Infra Engineering
New Delhi, Jul 29 (PTI) State-owned PFC on Monday said its arm PFC Consulting Ltd has transferred a special purpose vehicle, set up for a power transmission project in Odisha, to HG Infra Engineering. HG Infra Engineering has emerged as the successful bidder for Angul Sundargarh Transmission Limited which was established for the development of Eastern Region Generation Scheme-I (ERGS-I), PFC said in a stock exchange filing. The process for sale and transfer of the said SPV to the successful bidder has been completed on July 28, the filing said. The Ministry of Power had appointed PFC Consulting Ltd for selecting a transmission service provider for setting up of the transmission system under ERGS-I through a tariff-based competitive bidding process. PTI ABI HVA Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Mint
5 days ago
- Business
- Mint
These bonds offer tax exemption on long-term capital gains. But are they right for you?
When you sell property or assets and make substantial capital gains, your instinct is to minimise the tax you'll pay. One instrument that can help with this is a capital gains bond, also known as 54EC bond, which offers a tax exemption on long-term capital gains if bought withing six months of selling the asset. These bonds, named after Section 54EC of the Income Tax Act, 1961, are issued by government-approved entities such as Power Finance Corporation Limited (PFC), Indian Railways Finance Corporation Limited (IRFC), and Rural Electrification Corporation (REC). However, with a fixed return of 5.25% and a five-year lock-in, are they the best use of your money? If you can earn an annual return of more than 8% elsewhere – say, in a mutual fund – you may be better off paying the tax and investing the rest. Over five years, an 8% annual return on the post-tax amount could surpass the maturity value of a 54EC bond. Mint spoke with experts to help you decide which option is right for your financial goals and risk appetite. What do the experts say? Harshad Chetanwala, co-founder of explained, "Suppose I have capital gains of ₹25 lakh from a property. The entire ₹25 lakh needs to be invested in 54EC bonds within six months to claim the tax exemption. It offers a return of 5.25% over five years. Alternatively, if pay 12.5% long term capital gains tax and invest the remaining sum in a mutual fund or similar instrument yielding around 8%, the final outcome turns out to be quite close." 'If someone can generate 9% or more through balanced advantage or multi-asset funds, the mutual fund strategy will yield a higher post-tax corpus, provided one is comfortable with the higher risk," Chetanwala added. Mutual funds, especially hybrid ones such as balanced advantage funds (BAFs) and multi-asset funds, can offer long-term returns exceeding 10%, but they carry market risk. Amit Sahita, director at Fincode Advisory Services Pvt. Ltd, said, "I am always in favour of avoiding products like 54EC bonds, which optically save tax but actually end up locking up funds with very low returns over long periods. We have always advised our investors to pay the tax and then invest according to their risk profile and timeline." He added, 'The cap for 54EC Bonds is ₹50 lakh, so extremely risk-averse investors, those who prioritise capital protection and guaranteed returns over higher growth, do end up buying them. But the usual strategy of paying tax and investing in a mix of debt and equity funds works better." What about liquidity? Liquidity is another significant factor. 54EC bonds come with a five-year lock-in, while mutual funds offer easier redemption options and allow for rebalancing – a critical advantage in uncertain markets. Ajay Vaswani, a chartered accountant and an NRI tax advisor, said, 'You can pay the capital gains tax and then invest the remaining funds in more liquid and potentially higher-return instruments like mutual funds. These offer greater flexibility, and over time, could provide better returns," he said. He added, "If you're in the 30% tax bracket, your post-tax return from 54EC could further fall since the interest is taxable, which is barely above inflation." This erodes the appeal of 54EC bonds further, especially for high-net-worth individuals." While the math may favour mutual funds, human behaviour tells a different story. Abhishek Kumar, a Sebi-registered investment advisor and founder of SahajMoney, said, "Most individuals prioritize immediate tax savings over long-term investment growth. When people sell property, they're often more focused on saving taxes than making investment decisions that are aligned with their financial goals." Ultimately, the choice between 54EC bonds and paying capital gains tax to invest elsewhere is a personal one. Factors such as your tax bracket, investment horizon, risk appetite, and portfolio composition all come into play. 'If your debt portfolio is underfunded, investing in government bonds could make sense. The key is to look beyond immediate tax saving and consider long-term financial growth and portfolio balance," Kumar said. Final thoughts For conservative investors or those looking to boost their fixed-income allocation, 54EC bonds can serve a purpose. But for those with a medium to long-term horizon and a willingness to take risk, paying the tax and investing in a diversified mutual fund portfolio is probably the more rewarding strategy. "The decision shouldn't be purely based on tax. We've had real-life cases where we advised clients to invest in 54EC bonds when the gains were significant. But when the gains were marginal, we suggested paying the tax and deploying the funds elsewhere for better long-term outcomes," Chetanwala said.
Mint
24-07-2025
- Business
- Mint
Buy or sell: Vaishali Parekh recommends three stocks to buy today — 24 July 2025
Buy or sell stocks: buoyed by favourable global cues following the announcement of the US-Japan trade deal, the key benchmark indices of the Indian stock market staged a strong rally on Wednesday. A risk-on sentiment prevailed across Asian markets, further supported by optimism surrounding the ongoing corporate earnings season. The Nifty 50 opened on a firm footing, exhibiting initial range-bound movement during the first hour of trade. However, the index witnessed upward momentum in the latter half, eventually settling near the day's high at 25,219.90, registering gains of 159 points or 0.63% on a closing basis. The broader markets posted a mixed performance, with the Nifty Midcap 100 advancing 0.34%, while the Small Cap index closed flat, indicating selective participation. On the sectoral front, the action was largely stock-specific. The Realty index underperformed, shedding 2.6%, followed by the Media (-0.9%) and FMCG (-0.5%) indices. In contrast, Auto, Metal, Oil & Gas, Consumer Durables, Pharma, Private Banks, PSU Banks, and Telecom sectors clocked modest gains from 0.5% to 1%, reflecting a rotational buying trend across cyclicals and rate-sensitive sectors. Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher, believes that the improved bias is still intact. The Nifty 50 has been sustaining above 25,000 levels after bouncing back from the 50-DEMA support of 24,900. However, the key benchmark index is facing a hurdle at 25,250, and it needs to breach this resistance for further improvement in Dalal Street's mood. On breaking above 25,250 on a closing basis, we can expect the 50-stock index to touch 25,500 and 25,700 soon. Speaking on the outlook of the Nifty 50 today, Vaishali Parekh said, "The Nifty 50 index once again indicated a positive move with overall strong bias visible and has arrived near the near-term resistance hurdle of 25,250 zone, which needs to be breached decisively in the coming sessions. With an optimistic approach maintained, one can expect further targets of 25,500 and 25,700 to be achievable, with most of the frontline stocks well poised for further gains, which can help the index gain further. The 24,900 zone shall remain the major and crucial support for the index." "The Bank Nifty index, once again, picked up momentum, resisting near the 57,300 zone, which needs to be breached above and can expect to make new highs in the coming days, with higher targets of 58,500 and 60,000 levels achievable. The overall bias and sentiment have improved with the heavyweight banking stocks technically looking good and can carry on with the positive move further ahead," said Parekh. Parekh said that immediate support for the Nifty 50 index is 25,100, while the resistance is 25,400. The Bank Nifty would have a daily range of 56,700 to 57,800. Regarding stocks to buy today, Vaishali Parekh recommended three buy-or-sell stocks: GHCL, PFC, and IFCI. 1] GHCL: Buy at ₹ 621, Target ₹ 645, Stop Loss ₹ 605; 2] PFC: Buy at ₹ 419, Target ₹ 440, Stop Loss ₹ 410; and 3] IFCI: Buy at ₹ 61.70, Target ₹ 65, Stop Loss ₹ 60. Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Recorder
23-07-2025
- Politics
- Business Recorder
‘Punjab to review PFC Award after new LG Act's implementation'
LAHORE: Punjab Finance Minister Mian Mujtaba Shujaur Rehman on Tuesday said that a new Local Government Act is being introduced, and once implemented, the Provincial Finance Commission (PFC) Award will be reviewed. While responding to Amjad Ali Javed in Punjab Assembly Mujtaba Shuja-ur-Rehman said that PML-N has always stood in favour of Local Government rights. Earlier, Amjad Ali Javed complained that his committee cannot even pay electricity bills. Criticizing the corrupt state of banks, he said employees are not receiving their salaries. He questioned the Finance Minister, asking how much longer it will take to receive the Provincial Finance Commission Award (PFC) Award after eight years of waiting. 'Can the Finance Minister provide a clear timeframe?' he asked. PML (N) MPA Ahmed Ahsan Iqbal while speaking on the floor of the House said that Secretary of Local Government is saying that the current situation id extremely dire. Hr also said that the Local Government has no funds left. He emphasized that the responsibilities assigned by the federation to the provinces should similarly be delegated by the provinces to municipal committees, but institutions are not receiving their due rights. He raised the question of which establishment is obstructing the implementation of third-tier governance. The session started 1 hour 46 minutes late under the chair of the Acting Speaker Malik Malik Zaheer Iqbal Channar. During a session of the Punjab Assembly, government member Mumtaz Ali Chang delivered a fiery speech, demanding that the Crime Control Department (CCD) conduct operations in the Kacha area. He highlighted a recent incident in Nawazabad where a man named Hamza was killed, two others were injured, and one went missing due to dacoit firing. Chang stated, 'First, clean your own house. The CCD should also establish a unit in the Kacha area.' He further demanded the formation of a committee to investigate the killings of innocent people and the registration of false cases against them. Asserting that 'justice will restore the Assembly's dignity,' Chang defended his role as a public servant, stating that he actively participates in welfare work. He praised the Chief Minister of Punjab for establishing the CCD, which has reduced fear in areas previously considered inaccessible. He also commended the peace festival organized by the Punjab Governor in the Kacha area on the 11th of this month. Chang questioned why the CCD and Anti-Corruption Department were not conducting operations in the Katcha area despite having the authority. He alleged that police officials owning land in the region were sabotaging operations. 'If the Prime Minister and Chief Minister can go to jail, why can't the dacoits of Kacha?' he asked. He further claimed that reports indicate some notorious police officers are supporting dacoits in the area. Acting Speaker Zaheer Iqbal Channar sought a report on police officials occupying land in the Katcha area, directing that it be presented in the Assembly to identify those involved. He emphasized, 'Identify the dacoits occupying the Katcha area. Separately, Mumtaz Chang raised concerns about the loans and facilities being offered by Punjab Bank Rahim Yar Khan, stating, 'If we don't know what loans this bank is giving, how will the public know?' He urged the government to inform citizens through advertisements. Government member Ahmed Ahsan Iqbal criticized the Bank of Punjab during the session, stating that its reports are not being presented to the Public Accounts Committee. He said, 'The Bank of Punjab always resists in this matter,' adding that the Assembly has the right to know what privileges are being given to the bank's CEO. Meanwhile, the 26 suspended opposition members of the Punjab Assembly have been reinstated. This decision came as a result of successful negotiations between the government and the opposition following their suspension during the budget speech of Punjab Chief Minister Maryam Nawaz. Provincial Minister for Parliamentary Affairs Mian Mujtaba Shuja-ur-Rehman submitted a request in the assembly for the restoration of the opposition members, upon which Acting Speaker Punjab Assembly Zahr Iqbal Channar immediately ordered their reinstatement. The assembly secretariat also issued a notification confirming the restoration. According to details, on June 27, opposition members created a ruckus during the speech of Punjab Minister Maryam Nawaz, leading to verbal clashes and physical altercations. Following the incident, the Speaker of the Punjab Assembly suspended 26 opposition members for 15 sittings. Later, government members submitted four applications to the Speaker, requesting the Election Commission to issue disqualification notices against the opposition members. Copyright Business Recorder, 2025
