Raina finally checks into Test cricket


Amith Passela
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Suresh Raina has been on the sidelines of Test cricket for too long and yesterday he proved he is as good a batsman at the top level as he is in the shorter version of the game. The 23-year-old left-hander joined an elite group of players to score a century on their Test debut. His 120 was the stand-out knock despite the double centuries from the great Sachin Tendulkar and Kumar Sangakkara.

It is a pity that Raina has to play second fiddle to some of the seniors Indian players, particularly as he is an outstanding fielder and a useful off-break bowler. But yesterday's performance should have given him confidence and the appreciation he needs from the selectors. In the company of Tendulkar, Raina played his part in leading India out of trouble. The pair shared a 256-run partnership for the fifth wicket to first avoid the follow-on and then get past the Sri Lankan first inning total. The last man to score a century on debut alongside Tendulkar was also a No 6, and Virender Sehwag has not done badly at all since then.

"I am very happy indeed to score a century on my Test debut," Raina, who hugged Tendulkar immediately upon reaching his hundred, said in a post-match television interview. "It was a great moment to win my first Test cap and to score a century was really a dream start." Raina may have been fortunate to bat in the company of Tendulkar. Raina walked in when his side were precariously placed at 241 for four. They ended the day on 669 for nine. It was a placid pitch where both teams scored 600-plus, yet Raina had to battle the odds of an imposing total ahead.

He played at a few wide deliveries in the nervous nineties and Sangakkara, the Sri Lanka captain, should really have cranked up the pressure on the debutant and made him work hard for his century. Instead, one of the shrewdest tacticians in the game strangely opted to station fielders at long off, long on, deep square leg and deep point, allowing Raina to cruise to three figures. "It was a pretty easy wicket to bat on, but you still have to apply yourself to get a good score on the board," Raina said. "But in the company of Sachin, I was more at ease. When he walks up to me to talk, it gives me a lot of confidence and he also guided me throughout my knock."

Having passed his first test impressively, Raina will be subject to tougher assignments for the remainder of the tour. He is well established in the one-day format, having played 98 times since making his debut against Sri Lanka in July 2005. Now he has had the perfect start in Tests. Raina was not short of confidence on his maiden appearance in Test cricket and he hit the first six of the Indian innings, lifting Suraj Randiv, the spinner, over the mid-off and later going down on one knee to loft him over the mid wicket for his second six.

The shot he played to reach his century came off the sweet spot of the bat. Raina leaned over a length delivery on the off-side from Dammika Prasad to punch it away to the long off fence. But the batsmen have made a combined score of 1,311 runs for the loss of 13 wickets over the four days, the game seems to be heading for a draw. apassela@thenational.ae

Player Runs Opposition Ground Year L Amarnath 118 England Mumbai 1933 D Shodhan 110 Pakistan Kolkata 1952 K Singh 100* New Zealand Hyderabad 1955 A Baig 112 England Manchester 1959 H Singh 105 England Delhi 1964 G Viswanath 137 Australia Kanpur 1969 S Amarnath 124 New Zealand Auckland 1976 M Azharuddin 110 England Kolkata 1984 P Amre 103 South Africa Durban 1992 S Ganguly 131 England Lord's 1996 V Sehwag 105 South Africa Bloemfontein 2001 S Raina 120 Sri Lanka Colombo 2010

In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

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What drives subscription retailing?

Once the domain of newspaper home deliveries, subscription model retailing has combined with e-commerce to permeate myriad products and services.

The concept has grown tremendously around the world and is forecast to thrive further, according to UnivDatos Market Insights’ report on recent and predicted trends in the sector.

The global subscription e-commerce market was valued at $13.2 billion (Dh48.5bn) in 2018. It is forecast to touch $478.2bn in 2025, and include the entertainment, fitness, food, cosmetics, baby care and fashion sectors.

The report says subscription-based services currently constitute “a small trend within e-commerce”. The US hosts almost 70 per cent of recurring plan firms, including leaders Dollar Shave Club, Hello Fresh and Netflix. Walmart and Sephora are among longer established retailers entering the space.

UnivDatos cites younger and affluent urbanites as prime subscription targets, with women currently the largest share of end-users.

That’s expected to remain unchanged until 2025, when women will represent a $246.6bn market share, owing to increasing numbers of start-ups targeting women.

Personal care and beauty occupy the largest chunk of the worldwide subscription e-commerce market, with changing lifestyles, work schedules, customisation and convenience among the chief future drivers.

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.”

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Fuel economy, combined 16.8L / 100km

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Engine: 2-litre turbocharged

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In the Restaurant: Society in Four Courses
Christoph Ribbat
Translated by Jamie Searle Romanelli
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UAE players with central contracts

Rohan Mustafa, Ashfaq Ahmed, Chirag Suri, Rameez Shahzad, Shaiman Anwar, Adnan Mufti, Mohammed Usman, Ghulam Shabbir, Ahmed Raza, Qadeer Ahmed, Amir Hayat, Mohammed Naveed and Imran Haider.

Countries recognising Palestine

France, UK, Canada, Australia, Portugal, Belgium, Malta, Luxembourg, San Marino and Andorra

 

MATCH INFO

Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid

When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid

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