1. Toyota to start trial production of Etios in Sept The world's largest car-maker Toyota today said it will start trial production of its much anticipated small car 'Etios' for the Indian market from next month, three months ahead of its proposed launch. The Japanese car major, which is present in India through a joint venture with the Kirloskar Group, is investing Rs 3,200 crore to set up its second manufacturing facility in Bangalore to roll out its first small car in India by December.

2. Gold prices set to touch Rs 20,000 per 10 gram by Diwali Gold prices are all set to touch Rs 19,500-20,000 per 10 grams by Diwali due to rising investor interest, a top industry official said. Gold prices to cross Rs 19,500-Rs 20,000 per 10 grams by Diwali this year after some correction in prices. The standard gold (99.5 purity) closed at Rs 18,910 and pure gold (99.9 purity) at Rs 19,000 per 10 grams in the Mumbai bullion market.

3. IndraNooyi rules herself out of race to succeed Ratan Tata PepsiCo Chairman and Chief Executive Officer, IndraNooyi, who has been speculated to be among the possible candidates to succeed Ratan Tata as Chairman of the Tata Group, has ruled herself out of the race saying she "loves" her present job.

4. India largest recipient of World Bank loans in 2009-10 India was the World Bank's favourite last fiscal when it came to extending financial aid in the form of loans, both among developing countries and the world's poorest nations. The World Bank, through its lending arms IBRD and IDA, committed USD 9.3 billion in financial assistance to India in the 2009-10 fiscal, more than the aid committed by the US and the European Union.

5. Tech Mahindra CEO Sanjay Kalra quits firm after six years In an unexpected development, Tech Mahindra CEO Sanjay Kalra has resigned from the firm after spending around six years in its management. VineetNayyar, who is the vice-chairman, will take over the operational responsibilities of CEO, the company said in a late announcement on Friday. Mr Nayyar himself was set to retire last year but was prevailed on to stay and given an extension of his term.