Doha Bank to purchase HSBC Bank Oman's business in India

1.    Doha Bank to purchase HSBC Bank Oman's business in India

i. Qatar-based Doha Bank has entered into an agreement with HSBC Bank Oman to purchase the latter’s banking business in India.

ii. HSBC Bank Oman is an indirect 51 per cent owned subsidiary of HSBC Holdings plc.

iii. Chairman of the Board of Directors of Doha Bank, Sheikh Fahad Bin Mohamed Bin Jabor Al Thani, said that all staff of this operation (the business) will be transferred to Doha Bank as a part of the purchase.

iv. Doha Bank was incorporated in 1978 and commenced its banking business (including its International Banking services) in Doha, Qatar on March 15, 1979.

2.    David Ferrer beat Rafael Nadal at Monte Carlo Masters tennis tournament

i. At the Monte Carlo Masters tennis tournament, David Ferrer of Spain produced a major upset by defeating eight-time champion Rafael Nadal in the quarterfinals.

ii. The sixth seeded Ferrer beat the top seeded compatriot in straight sets 7-6, 6-4 on Friday. Ferrer will face Australian Open winner Stanislas Wawrinka today.

3.    Maxwell powers Kings XI to easy win

i. Chennai Super Kings’ imposing 205 for four failed to intimidate Kings XI Punjab, who chased down the total with six wickets in hand and seven balls to spare in their Indian Premier League match at the Zayed cricket stadium on an oppressive Friday afternoon.

ii. Drifting dangerously at 52 for three early into the chase, the hour of reckoning produced the man for the crisis in the form of Glenn Maxwell, whose 43-ball 95 brought the Kings well within range of what had once seemed a distant target.

iii. That he came equipped for his mission was soon evident when he began by contemptuously clumping Ashwin in a reverse sweep, quite unfazed by the offie’s wile and guile.

iv. There was little to stop the wiry Aussie thereafter and with David Miller he forged a thriving, if not a productive, partnership. Plundering 15 boundaries and a brace of big blows over the ropes, Maxwell set the tone for Miller. Man-of-the-Match: G. Maxwell.