Author: Team

Voltas Limited to Lead HVAC Innovation with Smart, Energy-Efficient Products at ACREX 2025

Bengaluru, 20th February 2025: Voltas Limited, India’s Premier AC company, from the house of Tata’s is all set to participate in one of South Asia’s biggest HVAC exhibition, ACREX India 2025. Recognized for its excellence in room air-conditioning, commercial air-conditioning solutions and commercial refrigeration, Voltas is all set to showcase its cutting-edge, energy-efficient green products and comprehensive life cycle management services.

Voltas has been at the forefront of innovation and has worked extensively towards the development of state-of-the-art products that are equipped with integrated monitoring systems for enhanced efficiency and better performance. At ACREX this year, Voltas will display an innovative line-up of Residential and Commercial Air Conditioning products that will meet the varied needs of customers.

Voltas will showcase its extensive range of Room ACs, Variable Refrigerant Flow Systems, Mini VRF Systems, Centrifugal Chiller, Premium Light Commercial ACs (Four Way Cassette, 1-Way Cassette and Tower), Air-cooled and Water-Cooled range of Ductable Splits at ACREX India 2025.

Voltas’ innovative solutions will serve as a pathway for collaboration and knowledge exchange at ACREX India 2025. With a focus on sustainable and intelligent cooling solutions, the event will foster networking that will help augment the future of HVAC technology and boost Voltas’ position in India as a key player in the sector.

Speaking on this occasion Mr. Pradeep Bakshi, Managing Director & CEO, Voltas, states, “We are delighted to be a part of ACREX 2025. As pioneers in the air conditioning market, Voltas has always strived to innovate and deliver best-in-class products that meet the needs of its varied customer segments. We have been participating in ACREX year on year and our participation reflects our keen interest the HVAC sector. We look forward to this opportunity to display our latest offerings and strengthen our partnerships within the sector.”

Asort Helps Gen Z Entrepreneurs Thrive, Fostering Connectivity Between Rural and Urban Areas

New Delhi, India – 20th February 2025– In an era where digital transformation is shaping the future of commerce, Asort, India’s pioneering co-commerce company, is leading the way in empowering Gen Z entrepreneurs by providing them with the tools, resources, and networks they need to build sustainable businesses. By focusing on inclusivity, accessibility, and innovation, Asort is bridging the rural-urban divide, ensuring that young entrepreneurs—regardless of location—have equal opportunities to succeed.

 India’s economic landscape is undergoing a rapid transformation, with digitization and entrepreneurship emerging as key drivers of growth. However, rural and semi-urban entrepreneurs often face challenges such as limited access to capital, lack of mentorship, and inadequate market reach. Asort’s co-commerce model provides a solution by democratizing entrepreneurship, allowing individuals to create their own brands, sell products, and build profitable businesses—without the traditional barriers of geography, infrastructure, or financial constraints.

 Asort’s ecosystem is designed to foster skill development, financial independence, and business sustainability. Through a tech-driven marketplace, Asort enables entrepreneurs to build and scale their own brands with minimal investment, leverage digital tools and analytics to understand market trends and customer preferences, connect with a like-minded community for mentorship and collaboration, and access training programs and workshops that equip them with essential business skills. By integrating AI-powered business insights, digital marketing strategies, and an interactive learning environment, Asort ensures that young entrepreneurs are equipped with the knowledge and resources to navigate the evolving business landscape.

 Roshan Singh Bisht, Founder and CEO of Asort, believes that talent and ambition are not bound by geography. He emphasizes the importance of removing barriers that hinder entrepreneurship in smaller towns and rural areas. “At Asort, we believe that talent and ambition are not bound by location. Our mission is to empower Gen Z entrepreneurs from every corner of India, ensuring they have equal access to opportunities and the resources they need to succeed. By eliminating traditional barriers, we are nurturing a new wave of self-reliant, digital-first business leaders who are shaping the future of commerce,” said Roshan Singh Bisht.

 Asort’s commitment to fostering innovation and inclusivity is evident through its community-driven approach. The platform provides a support system that allows aspiring entrepreneurs to transition from job seekers to job creators, ultimately contributing to India’s growing digital economy. With a vision to create a self-sufficient and empowered youth workforce, Asort is paving the way for the next generation of business leaders. By leveraging technology, collaboration, and knowledge-sharing, Asort ensures that entrepreneurship is no longer limited to metropolitan cities but is accessible to every young visionary across India.

UiGo Sets New Standard in Kids’ Cycling with Personalized, Safe, and Eco-Conscious Designs

Mumbai, February 20, 2025: UiGo, the dedicated children-focused bicycle vertical under eBikeGo, is redefining the cycling experience for kids aged 3 to 15 by offering customizable, eco-friendly, and interactive mobility solutions. While traditional bicycles have long been a childhood staple, UiGo takes it further by blending modern design, safety, and technology to create a riding experience that is both enjoyable and reliable, allowing kids to explore freely while giving parents peace of mind.

Driven by a vision to inspire young cyclists, UiGo promotes creativity, independence, and sustainability through its range of innovative bicycles. The brand offers electric bicycles with pedal assistance for longer rides and hilly terrains, compact and lightweight folding bicycles suited for urban environments, and classic regular bicycles with customizable options for everyday adventures. Ensuring maximum protection, UiGo also provides a selection of safety accessories, including helmets and knee pads.

“At UiGo, we believe that cycling is more than just a mode of transport; it’s a journey of freedom, creativity, and adventure for kids. Our goal is to empower young riders with bikes that are not only fun and stylish but also safe and sustainable. By introducing innovative customization options and eco-friendly models, we are fostering a new generation of independent and environmentally conscious cyclists” said Dhaval Mistry, Business Head, UiGo.

Setting itself apart in the competitive children’s bicycle market, UiGo introduces a gamified customization platform that lets kids personalize their bikes with unique colours, accessories, and features. With an emphasis on sustainability, the brand offers eco-friendly electric and folding bicycles and runs a buy-back and upgrade program, allowing families to trade in old models for new ones, making UiGo a cost-effective and responsible choice. Built with high-quality materials and child-friendly ergonomics, UiGo bicycles prioritize safety and durability. Rooted in core values of creativity, safety, sustainability, and quality craftsmanship, the brand empowers children to express themselves through personalized rides while fostering eco-conscious habits from an early age.

Looking ahead, UiGo plans to expand into international markets, integrate advanced safety features such as automatic lights and GPS tracking, engage with communities through schools and local initiatives, and launch a digital ecosystem via a mobile app that allows young riders to track adventures, share experiences, and participate in cycling challenges. Embodying adventure, creativity, and independence, UiGo’s tagline, “Ride Your Way, Play Your Way,” captures the spirit of fun, personalization, and sustainability. As part of the eBikeGo Group, UiGo remains dedicated to crafting high-quality, customizable bicycles that transform riding into an exciting and safe experience for kids.

Partnership to Support Event Production for Scientific Companies

ORLANDO, FL ( February 20, 2024) – Emmy award-winning full-service creative media production company edgefactory has formed an official partnership with Digital Creative Associates of San Francisco (DCASF), a leader in cultivating effective visual storytelling for world-renowned science and technology entities, the companies announced today.

Although this partnership is new in its officiality, edgefactory and DCASF are long-time partners with decades of experience in creating dynamic scientific animations and product launch PowerPoint presentations within the scientific community. For over a decade, DCASF and edgefactory have partnered on major brand launches within the Mass Spectrometry and Chromatography space.

This partnership comes at a time where both companies are known to provide unparalleled quality services in the video production world, having worked together on a variety of projects in the scientific realm with industry leaders such as Thermo Fisher Scientific and the American Society for Mass Spectrometry (ASMS). The teams have been behind major product launches through CSO Keynotes, trade-show displays, explainer videos, PowerPoint templates and content for Research Institute LED walls, and more.

Brian Cole, edgefactory CEO, shares that, “After working closely with DCASF for over a decade already, making this partnership official is the perfect next step for us. Combining both of our talented teams unlocks an exciting new chapter of possibilities for STEM-related animated production projects.”

A preview of the duo’s expanding success can be seen in edgefactory’s precision alongside DCASF to bring mass spectrometry instruments to life with dynamic product sample animations, creating never-before-seen visuals that represented the technological breakthroughs of ASMS.

Leadership update at Oliver Wyman – Marsh McLennan

MUMBAI, 20 February 2025 – Oliver Wyman, a global leader in management consulting and a business of Marsh McLennan (NYSE: MMC), today announced the appointment of Sumit Sarawgi as the new head of its business in India. With more than two decades of global and local experience in strategic consulting, business transformation and digital innovation, he is set to lead Oliver Wyman’s ambitious expansion in the Indian market.

Mr. Sarawgi joins Oliver Wyman after nearly 17 years at Boston Consulting Group, where he was a Managing Director and Senior Partner, advising clients across industries on transformative strategies and delivering operational excellence.

Pedro Oliveira, Managing Partner for Oliver Wyman, India, Middle East and Africa, said: “Sumit’s extensive experience and proven leadership capabilities positions him well to ensure we deliver an outstanding range of services and solutions to clients in India. As a growing market for us, Sumit’s deep understanding of the business landscape, along with his experience of working with global clients, aligns with Oliver Wyman’s expertise driven approach that will be instrumental in delivering exceptional value to our clients in the next chapter of our journey in India.”

Mr. Sarawgi succeeds Ajay Gupta and Aarti Nihalani, who have been co-leading Oliver Wyman’s India Market with exceptional dedication and success, having driven significant growth of Oliver Wyman’s India business over the past few years. “We thank Aarti and Ajay for their invaluable support in building strong foundations for our business in the market,” Mr. Oliveira added.

Mr. Sarawgi added: “The management consulting industry in India is at the cusp of transformation. Clients today seek agility and innovation that goes beyond traditional approaches, and Oliver Wyman is well positioned to deliver on this need. We are not just expanding our footprint—we are creating new markets in management consulting that existing players are yet to serve. I am truly honoured to join Oliver Wyman and lead its India business at such an exciting inflection point.”

RITES and CWPRS Team Up to Provide Cutting-Edge Marine Infrastructure Solutions

Gurugram, February 20, 2025: RITES Ltd., a prime transport infrastructure consultancy, has signed a Memorandum of Understanding (MoU) with the Central Water and Power Research Station (CWPRS), an R&D organization as a subordinate office of the Department of Water Resources, River Development and Ganga Rejuvenation, Ministry of Jal Shakti. This collaboration entails works related to engineering consultancy services, and research & development projects in water resources, marine, and inland waterways infrastructure.

This strategic partnership will combine RITES’ expertise in transport infrastructure consultancy and project management with CWPRS’ advanced research capabilities in water resources to drive innovative solutions in marine, coastal, inland waterways, and hydropower infrastructure. It aims at enhancing project efficiency and sustainability through joint engineering consultancy, research, and development initiatives.

Emkay Institutional Equities Projects Volatile Near-Term for Indian Equities, with Recovery in H2CY25

Mumbai, February 18, 2025: Emkay Institutional Equities, a part of Emkay Global Financial Services Limited held a virtual media webinar on the outlook for the Indian equity markets. The research house expects near-term weakness and heightened volatility for Indian equities in Q1CY25. However, a gradual consumption recovery is anticipated in H2CY25, led by an improvement in employment trends, a revival in unsecured lending, and an uptick in welfare spending. Emkay Institutional Equities project Nifty to be at levels of 25,000 by December 2025, and FPI selling to subside by Q2CY25.

Key sector calls

Emkay Institutional Equities maintains an Overweight stance on Discretionary, Real Estate, and Healthcare, while remaining Neutral on Industrials, IT, and Energy. Financials, Staples, and Materials are designated as Underweight due to structural concerns and valuation pressures.

The firm anticipates discretionary consumption recovery within 2-3 quarters, underpinned by a rebound in IT hiring, better liquidity conditions, and an improvement in retail lending dynamics. Additionally, state-led women-centric welfare schemes and robust winter crop sowing are likely to bolster consumption trends.

Sectoral shifts include a downgrade of Energy and Technology to Neutral, an upgrade of Consumer Discretionary to Overweight, and continued Underweight positioning on Financials and Staples.

Top investment calls

The firm’s top investment ideas include Lupin, Zomato, Tata Motors, IndusInd Bank in large caps. Escorts, Paytm, Metropolis in midcaps, and Stovekraft, and Quess Corp in the small cap segment.

Capex growth

Following a 31% CAGR in capex growth between FY21-24, a slowdown to 10-13% is anticipated, primarily due to election-related spending constraints. However, a rebound in FY26 is expected as policy certainty returns. While capital-heavy sectors face challenges, green energy continues to be a bright spot.

FPI selling expected to subside

Despite persistent selling pressures, FPI activity is likely to stabilize post-1QCY25, with valuations having moderated and earnings forecasts bottoming out over the next 2-3m. A peak in the U.S. Dollar Index (DXY) should also ease rupee depreciation concerns and help stem FPI selling. The RBI’s liquidity injection could stimulate domestic equities and benefit the BFSI sector.

Corporate Earnings

The earnings downgrade cycle appears to be concluding, with consensus Nifty estimates for FY26 already adjusting downward by 3.9% since January 2025. The firm remains constructive on mid-teens earnings growth for FY26, driven by Financials, Metals, and Energy.

Commenting on the outlook, Nirav Sheth, CEO – Institutional Equities, Emkay Global Financial Services stated: “Markets tend to over-react and overextend on both, the upside and the downside. The bottoming process is usually volatile which we are currently witnessing. Our macros are solid, given the low and stable CAD, fiscal deficit under control, and a more accommodative monetary policy now. We estimate that the worst of the earnings downgrade cycle is behind us and expect a recovery in the second half of the fiscal – triggered by renewed government spending and tax relief led consumption spend. It is time to buy.”

Seshadri Sen, Head of Research and Strategist – Institutional Equities, Emkay Global Financial Services added “Despite short-term headwinds, the structural investment case for India remains intact. The shift in sectoral dynamics presents opportunities, particularly in Discretionary, Real Estate, and Healthcare, where we see strong growth potential.”