NAGPUR, INDIA // Morne Morkel and Simon Harmer bamboozled India with pace and spin on a tricky wicket but South Africa also suffered early blows in the third Test in Nagpur yesterday.
Off-spinner Harmer claimed four wickets for 78 and fast bowler Morkel took three for 35 as the Proteas bowled India out for 215 in the post-tea session of the first day’s play.
South Africa, seeking a series-levelling win, had plodded to 11 for two by stumps, setting the stage for an exciting battle ahead on a dusty and dry pitch at the VCA Stadium.
Off-spinner Ravichandran Ashwin had opener Stiaan van Zyl caught in the slips for a duck before nightwatchman Imran Tahir was bowled by Ravindra Jadeja for four.
At stumps, Dean Elgar was unbeaten on seven and captain Hashim Amla had yet to score.
India were reduced to 125 for six after winning the toss, before the last four wickets added 90 runs that included a 48-run stand for the seventh wicket between Jadeja (34) and wicketkeeper Wriddhiman Saha (32).
Opener Murali Vijay top-scored with 40, but none of the other five specialist batsmen crossed 22 on a first-day pitch that already shows cracks and continues to deteriorate fast.
Morkel made up for the absence of his unfit speed partner Dale Steyn to negate India’s initial advantage of batting first, but then himself limped off the field while bowling his 17th over in the final session.
Harmer said he was happy to bowl on a pitch that helps slow bowlers and predicted the Test would be over before the fifth day. “This wicket is not prepared to last five days.
“There is bound to be a result,” the off-spinner said.
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“In South Africa, we prepare pitches that suit our type of cricket. So this does not surprise us at all. But being a spinner, I like bowling on such wickets.”
India’s batting coach Sanjay Bangar said it was too soon to predict the outcome.
“This is a challenging wicket to score runs on,” he said. “This has been a low-scoring series, but it is too early to say how this match will go. There is a lot of time left in the match, so anything can happen.”
South Africa, who would have batted had they won the toss, removed openers Shikhar Dhawan and Murali in the morning session which ended with India on 85 for two. Dhawan and Murali put on 50 for the first wicket before South Africa hit back to remove both batsmen in the space of 19 runs.
Left-arm spinner Elgar took a low return catch to dismiss Dhawan for 12 before Morkel got rid of the settled Murali for 40.
Murali smashed Harmer for the first six of the match and also hit three fours before he was trapped plumb in front of the wicket by a full-length delivery from Morkel.
Cheteshwar Pujara, who was unbeaten on 18 at lunch, added just three more after the break before playing back to Harmer to be leg-before.
Ajinkya Rahane brought up India’s 100 with a six off Harmer but his off-stump was sent cartwheeling by Morkel when he reached 13.
Morkel then had India captain Virat Kohli caught behind by Dane Vilas for 22 and Harmer had Rohit Sharma caught at short-leg for two to leave the hosts reeling on 125 for six.
The tourists, who lost the first Test in Mohali before the rain-hit second game in Bangalore was drawn, need a win to take the series into the decider in New Delhi starting December 3.
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A State of Passion
Directors: Carol Mansour and Muna Khalidi
Stars: Dr Ghassan Abu-Sittah
Rating: 4/5
Europe’s rearming plan
- Suspend strict budget rules to allow member countries to step up defence spending
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- Use the existing EU budget to direct more funds towards defence-related investment
- Engage the bloc's European Investment Bank to drop limits on lending to defence firms
- Create a savings and investments union to help companies access capital
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Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
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Company name: Marefa Digital
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The view from The National
Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
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The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
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Our family matters legal consultant
Name: Hassan Mohsen Elhais
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The specs
The specs: 2019 Audi Q8
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Engine: 3.0-litre turbocharged V6
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Director: Brady Corbet
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