Business briefs

Gupta is the Chairman and Managing Director of the companys promoter GAIL India, as per a statement. HSBC India launches electronic bank guarantee services for corporate clients Foreign lender HSBC India on Wednesday announced the launch of electronic bank guarantee services for its corporate clients.

Mahanagar Gas (MGL) on Wednesday said Sandeep Kumar Gupta has been appointed as its Chairman. Gupta is the Chairman and Managing Director of the company's promoter GAIL India, as per a statement.

**** HSBC India launches electronic bank guarantee services for corporate clients * Foreign lender HSBC India on Wednesday announced the launch of electronic bank guarantee services for its corporate clients. It is the first foreign bank in the country to offer the facility -- a digital solution to replace the conventional paper-based bank guarantee launched in association with National E-Governance Services, as per a statement. **** Panasonic launches residential solar kits, forays into B2C segment * Panasonic has launched residential solar kits, making a foray into the B2C segment. The Japanese company said it will introduce residential solar kits in Pune and Nashik initially and is aiming to have a pan-India distribution coverage by 2025, a statement said.