What does Aarush mean?
From Sanskrit arusha (आरुष), 'reddish, red of dawn', commonly glossed as 'the first ray of the sun'. The 'red/dawn' sense is the attested one; 'first ray of sun' is the popular reading.
What does Ved mean?
From Sanskrit veda (वेद), 'knowledge', the name of the foundational Hindu scriptures. The root sense is 'knowing, sacred knowledge'.