Latest News | Business Briefs 2 Axis Bank Executes Maiden Domestic Trade Transaction on Secured Logistics Document Exchange

Mumbai, Jan 10 (PTI) Private sector lender Axis Bank on Monday said it has executed a maiden domestic trade transaction on Government of India-backed blockchain platform, Secured Logistics Document Exchange (SLDE).

The transaction, between Arcelor Mittal Nippon Steel India and Lalit Pipes & Pipes, involved the process of letter of credit advising as well as digital presentation of underlying trade documents including invoice and transport documents, according to an official statement.

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* Subrata Roy discharged after neurological surgery

* Subrata Roy, the chairman of Sahara India, has been discharged after undergoing a neurological surgery at a city hospital recently, as per an official statement released on Monday.

Roy, who is out on bail, was detected with a brain disease and operated upon on January 6, as per the statement.

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* L&T Finance announces tie-up with Royal Enfield

* Non-bank lender L&T Finance on Monday announced a tie-up with automaker Royal Enfield under which the latter's two-wheelers will be financed.

Buyers can get vehicles without hypothecating at a competitive rate of interest with an assurance of disbursal of the loan amount in an hour, as per an official statement. HRS hrs

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)