Brevistay Partners with Unlimit to Simplify Digital Payments

Apr 29 (BNP): Brevistay has integrated with the unified payment infrastructure of Unlimit to simplify and accelerate its payment operations across India and global networks. The collaboration is designed to remove the complexities of fragmented payment systems and deliver a smoother, faster transaction experience for users.

By adopting Unlimit’s programmable payment layer, Brevistay gains seamless access to multiple payment rails, including UPI and international card networks, through a single integration. This eliminates the need for multiple system connections and reduces operational inefficiencies, enabling faster deployment and improved reliability.

The partnership comes at a time when the global payments landscape is becoming increasingly complex. While financial infrastructure is consolidating at the backend, customer-facing payment methods are becoming more localized and fragmented. For high-frequency platforms like Brevistay, which offers flexible, short-duration stays, ensuring fast and reliable payments is essential to maintaining user experience.

Unlimit’s infrastructure helps address this challenge by simplifying the underlying payment architecture and abstracting regional complexities into a unified system. This allows businesses to focus on scaling operations rather than managing technical and regulatory barriers.

Speaking on the partnership, representatives from Unlimit noted that payments form a core part of modern digital businesses and must function as a stable backbone for growth. By providing access to its global payment infrastructure, the company aims to help platforms scale across markets without being slowed down by fragmented systems.

From Brevistay’s perspective, the integration ensures that payment processing keeps pace with the speed of its booking model. The company highlighted that a seamless and efficient payment system is critical for delivering a smooth customer experience in the on-demand hospitality space.

As Brevistay prepares for further expansion, the partnership is expected to support its growth by offering a more flexible, scalable, and globally aligned payments framework.

Viksit Bharat Envisions Inclusive Growth Beyond GDP, Says Nirmala Sitharaman

Mangaluru, Apr 29 (BNP): Union Finance Minister Nirmala Sitharaman said that India’s Viksit Bharat vision is centered on inclusive development and shared prosperity, moving beyond traditional measures of economic growth such as GDP.

Speaking at an event at NITTE, she stressed that India must view development as an ongoing journey rather than a finished goal. The long-term objective, she said, is to build a developed nation by 2047 through collective effort across all sections of society.

She explained that the vision of Viksit Bharat is fundamentally human in nature, focusing on improving quality of life through access to education, healthcare, meaningful employment, and a clean environment. According to her, true progress is reflected in people’s aspirations and opportunities, not just economic numbers.

Highlighting the changing mindset of India’s youth, especially young women, she noted that aspirations have shifted from basic survival to achieving excellence, global competitiveness, and professional success. This transformation, she said, reflects a confident and ambitious new India.

Sitharaman also emphasized inclusive development, stating that progress must reach farmers, fishermen, and tribal communities. She underlined the importance of equipping them with modern resources, financial security, and market access while preserving their cultural identity and way of life.

She further pointed out that India’s demographic advantage—nearly 900 million people under the age of 35—represents a major opportunity for growth and innovation if properly harnessed.

Calling Viksit Bharat a national mission, she said it requires active participation from the government, private sector, academia, and citizens. While policy provides direction, she added, the real momentum will come from the collective effort of India’s people.

In conclusion, she described Viksit Bharat as a model of development that prioritizes inclusion, dignity, and shared prosperity, ensuring that economic progress benefits every section of society.

Aimtron Reports Strong FY26 Performance, Revenue Nearly Doubles Year-on-Year, Driven by High-Value Manufacturing 

Vadodara, April 29: Aimtron Electronics Limited, one of India’s fastest-growing electronics design and manufacturing companies, announced its audited consolidated financial results for the half-year and year ended 31 March 2026, delivering a strong performance driven by continued momentum across its Electronics Manufacturing Services (EMS) and Electronics System Design & Manufacturing (ESDM) businesses. For H2 FY26, Aimtron Electronics Limited reported consolidated revenue from operations of ₹1,786 Mn, EBITDA of ₹369 Mn, and profit after tax of ₹257 Mn. H2 FY26 revenue grew 45.7% over H1 FY26, reflecting strong execution momentum during the second half of the year.

On a full-year basis, FY26 consolidated revenue from operations grew 89.2% year-on-year to ₹3,012 Mn, compared with ₹1,592 Mn in FY25. Profit After Tax increased 79.4% to ₹460 Mn, compared with ₹256 Mn in FY25. This growth was underpinned by robust order execution, an improved product mix, and increasing contribution from high-value design-led manufacturing programs, including ODM and box-build solutions across the Network Security, Green Energy, Industrial, IoT, and AI sectors, alongside sustained operational efficiencies at Aimtron Electronics Limited.

EBITDA margin stood at 22.6% in FY26, with the modest compression reflecting early-stage investments in the company’s newly established international and manufacturing subsidiaries. PAT margin stood at 15.3% in FY26, with the variance attributable to higher tax provisions and consolidation of subsidiary operations.

Commenting on the performance, Mr. Mukesh Jeram Vasani, Chairman, Aimtron Electronics Limited, said

“FY26 was an important year in Aimtron’s growth journey, marked by nearly doubling our revenue, establishing deeper customer relationships, and accelerating our strategic initiatives. Our focus on design-led, high-reliability manufacturing continues to open new opportunities across domestic and international markets. As we enter FY27, we remain committed to scaling with discipline, strengthening our capabilities, and delivering long-term value to our customers, partners, and shareholders.” 

Looking ahead, the company remains confident of maintaining its growth momentum, supported by a strong pipeline of opportunities, continued expansion into global markets, and increasing demand for integrated electronics design and manufacturing solutions.
Key Financial Highlights (Consolidated) — FY26 vs FY25

India Likely to Stay Stable Despite Global Uncertainty, Says Bank of Baroda

New Delhi, Apr 29 (BNP): India is expected to remain relatively stable and resilient despite increasing uncertainty in the global economy, according to a report by the Bank of Baroda.

The report highlights that the global economic environment is currently facing several challenges, including geopolitical tensions, fluctuating commodity prices, and tighter financial conditions. These factors have created volatility across many economies. However, India is seen as better prepared to deal with such external pressures.

One of the key reasons for this resilience is strong domestic demand, which continues to support economic activity within the country. In addition, India’s banking and financial systems remain stable, helping maintain confidence among investors and businesses.

The report also points to prudent government policies and ongoing reforms that have strengthened the country’s economic foundation over time. These measures are expected to help India absorb global shocks more effectively and avoid major disruptions.

While risks from the global environment still remain, the overall outlook for India is positive. The country’s strong macroeconomic fundamentals are likely to act as a cushion, supporting steady growth in the near and medium term.

In essence, even as the global economy faces uncertainty, India is well-positioned to manage challenges and sustain its growth momentum.

SBI Urges Structural Reforms to Tackle Rupee Slide, Inflation Pressures, and External Deficit

New Delhi, Apr 29 (BNP): India must adopt a comprehensive and long-term policy approach to address the growing risks arising from currency depreciation, imported inflation, and a widening balance of payments (BoP) deficit, according to a recent report by the State Bank of India.

The report underscores that the primary concern is not just immediate external shocks, but their “second-round effects” on the broader economy. When the rupee weakens, the cost of essential imports such as crude oil and raw materials rises. Over time, businesses transfer these higher costs to consumers, resulting in sustained inflationary pressures.

It further notes that continued capital outflows are adding to the strain on the rupee, creating a cycle where depreciation fuels inflation, and inflation, in turn, weakens economic stability.

Importantly, the report points out that the current depreciation of the rupee appears misaligned with India’s macroeconomic fundamentals. This makes it crucial for policymakers to intervene with structural solutions rather than relying solely on short-term measures.

A central issue highlighted is the widening balance of payments deficit. A deficit occurs when a country’s total outflows—such as payments for imports, services, and investments abroad—exceed its inflows from exports and foreign investments. This imbalance can erode foreign exchange reserves and put downward pressure on the national currency.

The implications are far-reaching. A persistent deficit can lead to higher inflation, reduced investor confidence, and increased vulnerability to global financial shocks. It may also constrain the country’s ability to sustain stable economic growth.

The report calls for targeted structural reforms aimed at stabilizing the currency, managing inflation expectations, and reducing external imbalances. Addressing these challenges proactively will be essential to safeguarding India’s economic resilience amid an uncertain global environment.

Sensex, Nifty Edge Higher as Investors Look Past Global Uncertainty

Mumbai, Apr 29 (BNP): Indian stock markets opened higher on Wednesday, holding firm despite rising crude oil prices and ongoing geopolitical tensions in the Middle East.

The BSE Sensex gained around 400 points, or 0.52%, to trade at 77,289.55 in early deals. The Nifty 50 also moved up by 0.53%, reaching 24,123.55.

Gains were seen across several sectors, with auto stocks leading the rally. Chemicals, real estate, oil & gas, and IT stocks also saw steady buying interest, reflecting positive investor sentiment in domestic markets.

However, not all stocks participated in the rally. Companies such as Hindalco Industries, JSW Steel, Dr Reddy’s Laboratories, Tata Steel, ICICI Bank, Asian Paints, and SBI Life faced selling pressure during the session.

Despite tensions in the Gulf region, markets remained stable for now. Analysts say investors are closely watching developments related to global energy supply, especially after disruptions linked to the Strait of Hormuz.

Crude oil prices continued to rise amid reports that the United States may extend restrictions on Iranian ports, which could tighten global supply. There are also concerns that changes within major oil-producing groups could further impact availability.

Brent crude was up 0.63% at $111.97 per barrel, while US WTI crude rose 0.81% to $100.74.

Global cues were mixed. Japan’s Nikkei declined, while Hong Kong’s Hang Seng posted gains and South Korea’s Kospi traded slightly higher. In the United States, markets ended lower, with both the Nasdaq and S&P 500 closing in the red.

‘Look East’ Travel Trend shapes Indian summer holiday choices

Thomas Cook India & SOTC Travel Highlight Asia as the Go-To for Spontaneous Summer Getaways

Apr 29: With summer already underway, Indian travellers are making the most of the season with spontaneous, experience-led getaways across East and Southeast Asia. Insights from Thomas Cook India and SOTC Travel highlight a strong “Look East” trend, with travellers favouring destinations that offer ease of access, shorter travel durations and a rich mix of cultural, culinary and leisure experiences. From vibrant cities to island escapes, these destinations are emerging as the perfect playground for last-minute summer travel.

Japan Japan in summer is a sensory experience, where centuries-old traditions meet high-energy celebrations. Travellers can witness vibrant matsuri festivals with taiko drumming, parades and spectacular fireworks displays, while also exploring Tokyo’s immersive digital art museums and quirky themed cafés. In Kyoto, early morning heritage walks through temple districts and bamboo groves offer a quieter, cultural contrast. Food lovers can go beyond sushi—sampling regional ramen trails or joining izakaya hopping tours in Osaka. For a more offbeat experience, travellers can stay in a traditional ryokan, participate in a tea ceremony or take a scenic rail journey through the Japanese Alps, making every moment deeply immersive and uniquely local.

South Korea South Korea offers a compelling blend of pop culture, tradition and cutting-edge experiences that resonate strongly with Indian travellers. In Seoul, visitors can explore royal palaces like Gyeongbokgung in traditional hanbok, shop in vibrant districts such as Myeongdong and Gangnam, or dive into the city’s buzzing café and K-beauty culture. Food enthusiasts can indulge in Korean barbecue, street food markets and interactive cooking experiences. Beyond the capital, Busan’s coastal charm offers beachside relaxation and seafood markets, while Jeju Island provides scenic landscapes with waterfalls, lava tubes and hiking trails. From K-pop and K-dramas to heritage villages and wellness retreats, South Korea delivers a dynamic and trend-forward summer escape.

Indonesia Bali offers far more than just beaches, positioning itself as a holistic escape blending culture, wellness and adventure. Travellers can start their day with sunrise yoga overlooking rice terraces in Ubud, followed by a visit to Tirta Empul for a traditional water purification ritual. Evenings come alive with the dramatic Kecak fire dance at Uluwatu Temple set against a cliffside sunset. Adventure seekers can trek up Mount Batur at dawn or explore hidden waterfalls in the island’s interior. Bali’s café culture, beach clubs and artisanal markets add a contemporary edge, while the Bali Arts Festival provides an authentic window into the island’s rich cultural heritage.

Thailand Thailand continues to deliver high-energy, multi-layered travel experiences that cater to every kind of traveller. In Bangkok, visitors can explore bustling floating markets by day and rooftop bars by night, while also indulging in guided street food tours through Chinatown. The islands offer a different pace—whether it’s kayaking through limestone caves in Krabi, snorkelling in the Phi Phi Islands or enjoying a private long-tail boat excursion at sunset. Wellness seekers can indulge in traditional Thai spa therapies, while culture enthusiasts can visit ornate temples or even take a Thai cooking class. Thailand’s versatility and vibrant atmosphere make it a perennial summer favourite.

Vietnam Vietnam offers a dynamic mix of landscapes and experiences that feel both immersive and refreshingly different. Travellers can spend a night cruising through Ha Long Bay, waking up to sunrise over limestone karsts, or wander through Hoi An’s lantern-lit streets, stopping for riverside dining and local craft shopping. For a more relaxed island escape, Phu Quoc offers pristine beaches, crystal-clear waters and a slower pace of travel. Visitors can snorkel among vibrant coral reefs, take the world’s longest over-sea cable car to Hon Thom Island, or explore the lively night markets known for fresh seafood and local delicacies. In Sapa, guided treks through terraced rice fields offer interactions with local communities, adding depth to the journey. Urban explorers can dive into Hanoi’s Old Quarter on a vintage Vespa food tour or discover hidden cafés serving Vietnam’s famous egg coffee. With its balance of culture, cuisine, island escapes and natural beauty, Vietnam is quickly becoming a must-visit destination.

Singapore Singapore stands out as a destination that effortlessly combines efficiency with high-impact experiences. Travellers can begin with a sunrise walk at Gardens by the Bay before exploring the city’s diverse neighbourhoods—from Chinatown’s heritage streets to Kampong Glam’s trendy cafés. Thrill-seekers can head to Sentosa for ziplining or indoor skydiving, while families can enjoy Universal Studios and the Night Safari. Food lovers can embark on a hawker trail, sampling everything from chilli crab to Michelin-recognised street food. Evening experiences like river cruises or skyline light shows add to Singapore’s appeal as a compact yet experience-rich getaway.

Malaysia Malaysia offers a well-balanced itinerary with a mix of urban energy, cultural exploration and natural beauty. Kuala Lumpur’s skyline and shopping districts provide a lively start, while nearby Batu Caves offer a striking cultural landmark. In Langkawi, travellers can take the cable car up to the Sky Bridge for panoramic island views or enjoy mangrove kayaking through geoparks. Penang adds a creative and culinary layer, with street art trails, heritage walks and hands-on cooking classes. This diversity allows travellers to seamlessly combine multiple experiences within a single trip, making Malaysia both practical and rewarding.

Mauritius Mauritius goes beyond the typical beach holiday, offering a rich blend of relaxation and exploration. Travellers can sail on a catamaran along the coast, snorkel in coral reefs or take a helicopter ride to witness the island’s famous “underwater waterfall” illusion. Inland, lush national parks and waterfalls provide opportunities for hiking and nature trails, while cultural experiences—from sega dance performances to local rum tastings—offer insight into the island’s heritage. Whether it’s a scenic road trip or a luxury beachfront stay, Mauritius delivers a well-rounded, indulgent escape.

Maldives The Maldives offers an unparalleled sense of escape, where the focus is on slowing down and reconnecting. Beyond relaxing in overwater villas, travellers can snorkel alongside vibrant marine life, enjoy guided night fishing excursions or indulge in underwater dining experiences. Wellness is a key highlight, with spa therapies set against ocean views and sunrise yoga sessions on private decks. Unique experiences such as sandbank picnics, dolphin cruises and personalised butler-led stays elevate the destination beyond a typical beach holiday, making it ideal for those seeking exclusivity and tranquillity.

Philippines The Philippines is emerging as an offbeat yet highly rewarding destination, especially for travellers drawn to untouched natural beauty. Island-hopping in Palawan reveals hidden lagoons, limestone cliffs and crystal-clear waters, while Boracay offers a more vibrant beach scene with water sports and nightlife. Adventure seekers can go kayaking through secret caves, snorkel in coral gardens or take cliff-jumping excursions. Its relatively less crowded appeal compared to other Southeast Asian destinations makes the Philippines perfect for those looking to explore something new and less conventional this summer.

Australia Australia offers a diverse mix of experiences, from cosmopolitan cities to dramatic coastal landscapes. Travellers can explore Sydney’s iconic harbour, take coastal walks like Bondi to Coogee or enjoy wildlife encounters at conservation parks. A road trip along the Great Ocean Road provides stunning ocean views and access to natural landmarks like the Twelve Apostles. Food and wine enthusiasts can explore regions such as Yarra Valley, while adventure seekers can try surfing or diving along the Great Barrier Reef. Australia’s vastness makes it ideal for travellers looking to curate a varied and immersive itinerary.

New Zealand New Zealand is a paradise for nature lovers and adventure enthusiasts alike. Travellers can cruise through the breathtaking fjords of Milford Sound, take scenic drives through rolling landscapes or explore glowworm caves for a unique natural spectacle. Queenstown, known as the adventure capital, offers everything from bungee jumping and jet boating to more relaxed vineyard tours. For a slower pace, visitors can enjoy lakeside stays, scenic ट्रेन journeys and immersive Māori cultural experiences. The country’s pristine beauty and wide range of activities make it a truly unforgettable destination.