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Golf-Woods defends decision to miss PGA Tour Championship

SHANGHAI, Nov 7 (Reuters) Tiger Woods defended his decision to miss last week's PGA Tour Championship, saying the break had left him ready to compete in Shanghai's 5-million dollar Champions Tournament this week.

''You can't play 'em all, and the ones which you don't play, people are going to wish you were there to play. That's just the way it's going to be,'' a relaxed-looking Woods told a news conference today.

''It was actually nice to get away from the game for a little bit.'' The world number one came in for criticism after pulling out of the Tour Championship for the first time in his career, citing fatigue after a season which included eight PGA Tour victories as well as the death through illness of his father.

PGA Tour commissioner Tim Finchem said he understood the decision but that it was disappointing and ''I'm against it.'' Woods said today that the break made sense to help him prepare for the Shanghai event and that one advantage of being a golf professional was: ''We're lucky enough to plan our own schedules.'' The Shanghai Champions tournament, which starts on Thursday, will pit the American against a field that includes defending champion David Howell of Britain and newly crowned Order of Merit winner Padraig Harrington of Ireland. It is Asia's richest tournament.

REUTERS PDS KP1740

Ravi Agarwal will be new ITI Director (Production)

Bangalore, Nov 7 (UNI) Mr Ravi Agarwal has assumed charge as telecom equipment major ITI Limited's Director (Production). Mr Agarwal, a telecom professional, had joined ITI in 1985 and held various senior management positions. He had been the General Manager and Executive Project Director for GSM based in Mumbai, according to a release here today. UNI MSP GD SKB1823.....

NCDEX records volume worth Rs 2,964 cr

Mumbai, Nov 7 (UNI) At least 602 members (2,958 users) of the National Commodity and Derivatives Exchanges (NCDEX) participated in the trading worth Rs 2,964 crore (one way) upto 1700 hrs today. There were 94,170 trades put through by them. Active trades were high in guarseeds, chana, pepper, chilli, refined soy oil and urad desi. Yesterday, about 381 members participated in trading and put through 108,900 trades. The volume of trading till 2330.....

RBI raises bank's limit to extend credit to JVs for expansion abroad

Mumbai, Nov 7 (UNI) The Reserve Bank of India (RBI) has allowed commercial banks to increase their lending to Indian joint ventures or subsidiaries for funding their overseas expansion. In a notification issued to all banks today, the apex bank said it has doubled the limit of banks for extending credit and non-credit facilities to Indian JVs and wholly-owned subsidiaries abroad to 20 per cent of their capital funds. The decision to enhance the.....
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