New Delhi, January 20th, 2025: Asort, India’s pioneering co-commerce platform, is revolutionizing how businesses, communities, and creators connect to build a sustainable and inclusive digital economy. Rooted in its mission to empower aspiring entrepreneurs—particularly the youth—Asort has transformed the commercial landscape of India’s heartland, making significant inroads into Tier 2 and Tier 3 cities.

At its core, Asort is more than just an e-commerce platform. It is a thriving ecosystem that prioritizes collaboration, inclusivity, and community building. By bridging the gap between businesses offering high-quality products and services and the communities that resonate with them, Asort ensures unmatched reach and engagement. Through its unique co-commerce model, the platform brings together sellers, creators, and consumers into a unified ecosystem that fosters mutual growth and empowerment.

Roshan Singh Bisht, Co-Founder & CEO of Asort.com, articulated the platform’s vision, stating, “At Asort, we believe that the true power of commerce lies in collaboration. Our regional focus enables us to tap into the immense potential of India’s diverse communities, fostering a spirit of inclusivity and empowerment. Co-commerce is not just a business model—it’s a movement towards creating a self-reliant, prosperous India.”

Asort’s regional focus has been instrumental in its success, ensuring that the untapped entrepreneurial potential of India’s smaller cities and towns finds a supportive platform. By equipping the youth with tools, training, and a nurturing network, Asort enables them to achieve their entrepreneurial aspirations while gaining financial independence. This approach aligns seamlessly with the government’s vision of an ‘Atma-Nirbhar Bharat’ (self-reliant India), promoting self-sustained growth and resilience.

The co-commerce model championed by Asort has become a beacon for economic transformation, emphasizing localized needs and fostering innovation at the grassroots level. With technology as its backbone and community collaboration as its cornerstone, Asort’s model is setting new benchmarks for commerce in India, creating opportunities for inclusive growth while nurturing the entrepreneurial spirit of the country’s youth.

New Delhi, India, January 20, 2025 – According to a recent, global Recon Analytics survey commissioned by Seagate Technology, business leaders from across 15 industry sectors and 10 countries expect that adoption of artificial intelligence (AI) applications will generate unprecedented volumes of data, driving a boom in demand for data storage, in particular cloud-based storage.

With hard drives delivering scalability relative to terabyte-per-dollar cost efficiencies, cloud service providers rely on hard drives to store mass quantities of data. Recently, analyst firm IDC estimated that 89% of data stored by leading cloud service providers is stored on hard drives. Now, according to this Recon Analytics study, nearly two-thirds of respondents (61%) from companies that use cloud as their leading storage medium expect their cloud-based storage to grow by more than 100% over the next 3 years.

“The survey results generally point to a coming surge in demand for data storage, with hard drives emerging as the clear winner,” remarked Roger Entner, founder and lead analyst of Recon Analytics. “When you consider that the business leaders we surveyed intend to store more and more of this AI-driven data in the cloud, it appears that cloud services are well-positioned to ride a second growth wave.”

Key Findings:

• 72% surveyed say they use AI today.
• 61% of respondents who predominately use cloud storage say their cloud-based storage will increase by over 100% over the next 3 years.
• Storage ranks as the second most important component of AI infrastructure, with Security ranking 1.
• In order of importance: Security, Storage, Data Management, Network Capacity, Compute, Regulations, LLM Viability, Energy
• Of those businesses who’ve adopted AI technology, 90% believe longer data retention improves the quality of AI outcomes.
• 88% of respondents who use AI today believe adoption of Trustworthy AI requires an increased need to store more data for longer periods of time.

Survey results substantiate a trend toward organizations retaining data for longer periods of time to ensure data integrity needed to optimally train AI models. In order for AI innovation and adoption to continue, AI results and outcomes need to become increasingly accurate.

“Trustworthy AI is really the key to enabling mainstream adoption of AI,” said BS Teh, Chief Commercial Officer of Seagate. “With the vast majority of survey respondents saying they need to store data for longer periods of time to improve quality outcomes of AI, we’re focused on areal density innovation needed to increase storage capacity for each platter in our HAMR-based hard drives. We have a clear pathway to more than double per-platter storage capacity over the next few years.”

Bengaluru, January 20, 2025: WeWork India Management Limited (“WeWork India”), one of India’s leading flexible workspace operators, has been awarded the prestigious ISO 14001 and ISO 45001 certifications across its entire portfolio, reaffirming its ongoing commitment to sustainability, and workplace health and safety. Previously limited to its headquarters, this renewed recognition reflects the organisation’s efforts to uphold globally recognised standards across all its locations.

The ISO 14001 certification – an internationally recognised standard for environmental management systems – highlights WeWork India’s consistent focus on improving environmental performance and responsibly managing its environmental impact, aligning with its vision for a sustainable future. Similarly, the ISO 45001 is an international standard that specifies requirements for an occupational health and safety (OH&S) management system. This certification underscores its commitment to maintaining a robust health and safety framework, ensuring secure and efficient spaces for employees, members, and visitors alike.

Commenting on this, Karan Virwani, Managing Director & CEO, WeWork India, said: “This is a significant milestone in our journey towards creating sustainable workspaces that meet the global standards. These certifications further strengthen WeWork India’s leadership in building long-term sustainable work environments. We will continue to lead the way in building a workplace culture that prioritises sustainability and wellbeing.”

WeWork India is currently operational across 8 cities, with over 1 lakh desks, and committed to continuously improving the environmental standards and health & safety practices. With solutions for all kinds of businesses – solopreneurs and start-ups to Fortune 500 companies – WeWork India offers workspace solutions that deliver a quality experience.

Bengaluru, January 20, 2025 – Veritas Finance Limited, a retail focused non-deposit taking NBFC registered with the Reserve Bank of India (“RBI”), and under the scale-based regulations of the RBI, classified as an ‘NBFC-Middle Layer’, has filed the Draft Red Herring Prospectus (DRHP) with SEBI for an Initial Public Offering (IPO).

As a diversified, retail-focused NBFC, it primarily provides small business loans to micro, small and medium enterprises (“MSMEs”) and self-employed individuals, and over the years, has expanded its business to include home loans and used commercial vehicle loans.

The public offer aggregating up to Rs. 2,800 crore comprises of a fresh issue of equity shares aggregating up to Rs. 600 crore (“THE FRESH ISSUE”) and an offer for sale of equity shares aggregating up to Rs. 2,200 crore by the Selling Shareholders (“OFFER FOR SALE”) with a face value of ₹10 each per equity share. The public offer includes a reservation of equity shares for subscription by Eligible employees (“EMPLOYEE RESERVATION PORTION”).

The company proposes to utilize the net proceeds towards augmenting their capital base to meet future business requirements of the company towards onward lending.

The Offer for Sale of upto Rs. 2,200 crore comprises of equity shares aggregating up to Rs. 550 crore by Norwest Venture Partners X – Mauritius; upto Rs. 550 crore by Kedaara Capital Fund II LLP; upto Rs. 500 crore by British International Investment plc; upto Rs. 425 crore by Lok Capital Growth Fund; upto Rs. 75 crore by Growth Catalyst Partners LLC (Collectively Referred to as the “Investor Selling Shareholders”) and equity shares aggregating upto Rs. 36 crore by Vidya Arulmany; upto Rs. 21 crore by P. Surendra Pai; upto Rs. 21 crore by Savita S. Pai; upto Rs. 14 crore by Sheela Pai Cole and upto Rs. 8 crore by Moneisha Sharad Gandhi (Collectively The “Individual Selling Shareholder” and along with The Investor Selling Shareholders As The “Selling Shareholders”) (“OFFER FOR SALE”, And together with THE FRESH ISSUE, The “OFFER”).]

The company, in consultation with the BRLMs, may consider a Pre-IPO placement of specified securities aggregating upto Rs. 120 crore as may be permitted under applicable law, prior to filing of the red herring prospectus with the roc (“PRE-IPO PLACEMENT”). The Pre-IPO placement, if undertaken, will be at a price to be decided by the company, in consultation with the BRLMs. If the PRE-IPO placement is completed, the amount raised pursuant to the PRE-IPO placement will be reduced from the fresh Issue, subject to compliance with rule 19(2)(b) of the securities contracts (regulation) rules, 1957, as amended.

Established in 2015, Veritas Finance is a non-deposit taking non-banking financial company (“NBFC”) registered with the Reserve Bank of India (“RBI”), and under the scale-based regulations of the RBI, is classified as an ‘NBFC-Middle Layer’. As a diversified, retail-focused NBFC, it primarily provide small business loans to micro, small and medium enterprises (“MSMEs”) and self-employed individuals, and over the years, have expanded its business to include home loans and used commercial vehicle loans. According to CRISIL MI&A, it is the fastest-growing NBFC in terms of Loans (AUM) growth among compared peers for the period between the Financial Years 2022 to 2024, with a compounded annual growth rate (“CAGR”) of 61.76%. The company focuses on addressing the financial needs of underserved and underbanked MSMEs and individuals by providing access to credit.

Hyatt Centric MG Road Bangalore invites you to indulge in a grand Republic Day Brunch, crafted to honor the rich and diverse culinary heritage of India. Held at the iconic Bengaluru Brasserie, this spectacular feast promises an unforgettable gastronomic experience, celebrating the flavors that define the nation.

Guests can savor an exquisite spread of 76 dishes, representing India’s vast culinary repertoire. The menu features authentic regional delicacies, complemented by vibrant live counters offering freshly prepared delights. Whether you’re a connoisseur of classic Indian flavors or someone looking to explore, there’s something to tantalize every palate.

Event Details:

Date: 26th January 2025

Time: 12:30 PM to 4:00 PM

Venue: The Bengaluru Brasserie, Hyatt Centric MG Road Bangalore

Pune,20/01/2025: Gargi by P N Gadgil & Sons (PNGS), a distinguished name in the fashion jewellery realm, has launched its first-ever Kids Collection. Featuring whimsical pieces such as the Coloured Paw Finger Ring, Dual Heart Necklace, Rapid Unicorn Finger Ring, Orange Fish Finger Ring, Moonshine Finger Ring, and Cloudy Rainbow Finger Ring, this collection promises to add sparkle and joy to little ones’ everyday moments.

This launch reaffirms Gargi’s vision of being a jewellery brand that caters to everyone. By extending its offerings to children, Gargi underscores the growing trend of kids becoming a focal point in fashion, proving that age is no barrier to style. The new collection, crafted with 92.5% certified sterling silver, ensures both quality and safety for young wearers. Each piece is designed with rounded edges and secure fastenings to prevent any potential harm, reflecting our commitment to the well-being of our young customers.

The expansion follows a milestone year for Gargi by PNGS. With a market capitalization now exceeding ₹1,500 crore, the brand continues to cement its position as a leader in the fashion jewellery space. This growth, fuelled by a robust product lineup and customer trust, highlights Gargi’s ability to stay ahead of trends while staying true to its heritage of craftsmanship, giving our customers confidence in their choices.

Speaking about this, Aditya Modak, co-founder of Gargi by P N Gadgil & Sons, said, “The Kids Collection is a testament to our belief that jewellery is for everyone—no matter their age. Each piece is thoughtfully designed to capture the joy and wonder of childhood while ensuring the highest standards of quality and care.”

With this latest addition, Gargi now offers a diverse range of jewellery for every member of the family, living up to its promise of being a brand for all. Whether it’s festive celebrations or everyday wear, Gargi ensures everyone, regardless of age, can shine in their unique way.

Since its inception, Gargi by PNGS has been redefining the fashion jewellery market with innovative designs that cater to modern style preferences while honouring traditional craftsmanship. We are also committed to sustainability, using recycled materials in our packaging and implementing eco-friendly practices in our production processes. With a growing presence across Maharashtra and now Delhi, the franchise model plays a major role in the brand’s expansion strategy. Supported by the legacy of P N Gadgil & Sons, a company with an annual turnover exceeding INR 8,500 crore, Gargi is well on its way to achieving its ambitious goal of a 100-crore revenue target by March 2025.