Skipper Sanju Samson inspired his side as Rajasthan Royals defeated Lucknow Super Giants by 20 runs in their Indian Premier League opener on Sunday.
Samson cracked an unbeaten 82 off 52 balls to guide inaugural IPL champions Rajasthan to 193-4 after they chose to bat first in Jaipur.
Rajasthan's New Zealand pacer Trent Boult then struck two early blows to gut the Lucknow batting, which finished on 173-6 despite an unbeaten 64 by West Indies' batter Nicholas Pooran.
Lucknow, who made the play-offs in the last two seasons since their debut alongside Gujarat Titans in 2022, lost regular wickets but skipper KL Rahul kept the chase on track with a 44-ball 58.
The left-handed Pooran then took over, and along with Rahul, put on 85 runs for the fifth wicket but the asking rate kept climbing.
Rahul fell to Sandeep Sharma after his 50 and Marcus Stoinis's departure left Pooran with a lot to get in the final few overs.
Earlier, Samson took on the opposition attack and built key partnerships, including a 93-run third-wicket stand with Riyan Parag, who made 43.
Samson hit six sixes on a pitch with variable bounce where Lucknow bowlers took a beating, except Krunal Pandya, who returned figures of 0-19.
The Rajasthan innings witnessed a nearly 10-minute halt in the first over when a cable of the spidercam broke as technicians scurried to sort out the wires on the field.
Player of the match Samson, said: "Good start, but let's see how it goes. It's all about understanding your strengths and weakness. I just react to the ball. That helps me maintain the shape. Everyone chipped in well. We just had to stick to our plans."
KL Rahul, the defeated LSG captain bemoaned what he felt was a missed opportunity.
"I don't think the target was a lot, it was just 10 over-par," he said. "We bowled well in patches. Not making too much out of it. Just made a few mistakes. Mohsin [Khan] was our powerplay bowler in the first season, but he wasn't fully fit last season. Good to see him back.
"Naveen [ul-Haq] has been crucial for us since he has come in. Powerplay is crucial for every team, and I don't think any team has cracked it yet. When we are three for nothing, and we give ourselves a chance of chasing 194 speaks of our line-up ... We need to find ways to win games of cricket.
"We'll try to build from here, and see where we can get stronger. [Justin] Langer's brought a lot of calmness to the group. I stole his line when I said we need to find ways to win games of cricket. We enjoy having him around. All of us have watched him coach Australia to a T20 World Cup and an Ashes victory.
"When you get runs, you always feel good. But it's important for us to end up on the winning side. That gives more satisfaction. Missing a season was really painful."
The Details
Kabir Singh
Produced by: Cinestaan Studios, T-Series
Directed by: Sandeep Reddy Vanga
Starring: Shahid Kapoor, Kiara Advani, Suresh Oberoi, Soham Majumdar, Arjun Pahwa
Rating: 2.5/5
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.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
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.”
The specs
AT4 Ultimate, as tested
Engine: 6.2-litre V8
Power: 420hp
Torque: 623Nm
Transmission: 10-speed automatic
Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)
On sale: Now
Guide to intelligent investing
Investing success often hinges on discipline and perspective. As markets fluctuate, remember these guiding principles:
- Stay invested: Time in the market, not timing the market, is critical to long-term gains.
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2025 Fifa Club World Cup groups
Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.
Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.
Group D: Flamengo, ES Tunis, Chelsea, Leon.
Group E: River Plate, Urawa, Monterrey, Inter Milan.
Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.
Group G: Manchester City, Wydad, Al Ain, Juventus.
Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.
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UAE currency: the story behind the money in your pockets
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