Amazon to Buy US Grocer Whole Foods Market for $13.7 Billion

Amazon to acquire Whole Foods Market for $13.7 billion
Whole Foods Market will continue to operate stores under its brand
The deal is expected to close in the second half of 2017
Online juggernaut Amazon is buying Whole Foods in a deal valued at about $13.7 billion (approximately Rs. 88,300 crore), a strong move to expand its growing reach into groceries. Inc. will pay $42 (approximately Rs. 2,700) per share for Whole Foods Market Inc., including debt. That marks an 18 percent premium to Whole Foods’ closing price on Thursday.

The deal comes a month after Whole Foods announced a board shake-up and cost-cutting plan amid falling sales. The grocery store operator was also under pressure from activist investor Jana Partners.

The grocery chain, known for its organic options, had been facing increased pressure from rivals, including European grocery chain Lidl, which is planning to enter the East Coast market, along with Aldi and Trader Joe’s.

Amazon to Buy US Grocer Whole Foods Market for $13.7 Billion

Amazon, meanwhile, has been expanding its reach in goods, services, and entertainment.

Whole Foods will keep operating stores under its name and John Mackey will as CEO, with headquarters in Austin, Texas.

The company, founded in 1978, has struggled to differentiate itself as competitors also now offer a plethora of fresh and organic foods, and has said customers may be choosing “good enough” alternatives closer to home. In addition to other natural and organic grocers, it has cited pressure from restaurant chains, meal-delivery companies and traditional supermarkets such as Kroger.

The deal is expected to close in the second half of 2017.

New Year 2017 Wishlist: What Gadgets 360 Staff Are Looking to Buy for Themselves – and Why


  • Predictably, there’s a couple of new iPhones in there
  • VR gets a couple of shouts too
  • Gaming seems to be the most in-demand category for 2017

Now that 2017 is upon us, the talk inside the Gadgets 360 lab has shifted to things such as CES, MWC, and of course, iPhone 8 rumours. And, since we spend too much time shopping for tech, we’re also predictably talking about all the gadgets we want to buy.

For many of us, this is also a bit of a break from reality – we’ve had people in our team dream of buying an Xbox One for a couple of years before taking the plunge – but who doesn’t enjoy planning that next big tech buy?

If you’re curious about the gadgets that will be filling the Gadgets 360 office in the coming months – hopefully – then read on to see everyone’s top pick for buying in 2017.

Abhinav Lal: HTC Vive – While this will also entail a PC upgrade for me, I want to enter the world of PC gaming VR, and the HTC Vive looks like the best bet so far.

Akhil Arora: 4K HDR TV – Good 4K HDR TVs are way too expensive right now. I was lucky enough to witness the capabilities of one such TV when it landed in our office, and when Netflix showed off the high-end version. Despite the lack of content heading into 2017, I’m sold on the idea of buying one – if money was no barrier – more so because of how much TV I tend to watch.

Sony Z9D

Devika Chitnis: JBL GO – I am in dire need of a portable speaker. JBL Go has a clean design which is awesome and comes in different pop colours that make the speaker look alive. I am eyeing the orange one. The sound quality is surprisingly good for an affordable portable speaker.

Gagan Gupta: Bose QC35 – Now that I’ve said goodbye to the 3.5mm jack thanks to my iPhone 7 Plus, I need a good pair of over the ear headphones that can keep out noise, expecially on flights and cabs. While the Bose QC35 may not be every audiophile’s headphones of choice, it’s still the best when it comes to active noise cancellation, and it sounds just right with my classic rock collection.

Gopal Sathe: Zotac VR GO Backpack – I’ve been interested in VR since the Oculus Kickstarter first got off the ground. That we are finally “there” is hard to believe. That you can now put on a backpack and enjoy a (largely) mobile yet high quality VR experience is nothing short of magical. If I have the money, I’d absolutely be getting the Zotac VR GO Backpack.

zotac vr go box contents

Jamshed Avari: Geforce GTX 1070 – It really is time to get serious about tackling my Steam backlog. I’ve been putting this off for a long time, but looking at the kind of performance that both Nvidia and AMD have both brought to the table this year, it’s finally time. I’m leaning towards the GTX 1070 because I want enough performance headroom to drive top-tier games at 1920×1200 pixels for at least a few years. The specific graphics card will depend on prices and availability at the time of purchase.

Ketan Pratap: Next iPhone – I have been an Android user all of my life but I guess it’s about time to go for my first iPhone. Considering this year is the tenth anniversary of the first iPhone launch, I expect the next one to come with decent changes both in terms of innards as well as design.

Kunal Dua: What Gagan said.

Naina Gupta: Next iPhone – I have heard too much about iPhone around me but never used it. I want to take experience of 3D Touch, Live Photos, and other unique features of iPhone.

Pranay Parab: Board/ Card games – I’ve been meaning to reduce screen time and spend more time with my friends and family. Card games and board games sound like a way to accomplish this, without spending obscene amounts of money at cinemas and restaurants.

We’ve all played and hated Monopoly (aka Business), but there are great alternatives such as Pandemic, Resistance, Catan, Game of Thrones, Star Wars: Rebellion. I’m also planning to play funny card games such as Exploding Kittens with my friends.

Ravi Sharma: Nintendo Switch – I am not much of a gamer, but the Nintendo Switch (and its hybrid form factor) may finally be the device that pulls me into the fold. The rumoured price tag of $250-300 makes the Switch cheap enough for me to afford it, without sacrificing my budget for a mid-range laptop that I am also planning to buy in 2017.

And games such new Sonic, Mario, Dragon Quest X, Legend of Zelda titles that are expected to be released for Nintendo Switch are enough to satiate my appetite for nostalgia, while the exclusives will hopefully be engaging enough to retain me on the platform.


Rishi Alwani: Project Scorpio – The PS4 Pro has a one year headstart over Microsoft’s next iteration on the Xbox One, that will remain a highly competent piece of kit in 2017. However I’m extremely curious to see how Microsoft leverages its fantastic first-party franchises, such as Forza and Halo to make full use of Project Scorpio, more so with the likes of Scalebound and Crackdown 3 on the way.

Rohan Naravane: Google Pixel 2 – It was great to see Google finally taking hardware into its own hands, and launch the Pixel phones. Since there’s been only one Pixel phone till now, there’s no guarantee if, or when, we’ll see another one. If Google does release a ‘Pixel 2’, which I’m hoping will happen around the end of 2017, then I would certainly want to buy one.

Roydon Cerejo: Manfrotto Advanced Camera and Laptop backpack – I’ve been looking to replace my Lowepro Photo Hatchback (which is still serving me brillliantly) with something that can accommodate a laptop too. This particular Manfrotto backpack seem like the prefect combination of size, versitality and price, for me anyways.

manfrotto bag backpack

Sandeep Kumar Sinha: Sony Smart TV – I need to synchronise my playlists and other streamable content on the devices I own, and, in 2017, my television should have this feature. A Sony Smart TV is a likeable product that I am looking to buy in 2017 as most of the apps I use could be mirrored and projected easily.

Sanket Vijayasarathy: PlayStation 4 – I’ve been meaning to get my hands on the PlayStation 4 for a while now. I’ve played a bunch of PS4 titles at friends’ places, but seeing as how the console is now available for around Rs. 26,000 (for the 500GB model, whenever there’s a sale on), I think the time has come for me to move on to a current-gen console.

ps4 black white

Shekhar Thakran: Tekken 7 – I still have fond memories of playing Tekken 3 as well as Tekken 5 on my Playstation 2 from several years ago. As the game franchise is finally coming to PC with Tekken 7 next year, it is a no-brainer for me. With much-improved graphics and the same old characters, nothing that can go wrong.

Shubham Verma: Microsoft Surface Studio with the Microsoft Dial – The beautiful, large-screen monitor is worth swooning over, and the Microsoft Dial takes things to another level. I keep making different art designs on my laptop, and the Microsoft Dial and Surface pen would make this so much easier. While the price will probably keep me from ever actually buying this gadget, if I had the money, the considering the features and the advanced actions enabled by them, this would be the must-buy package of 2017.

The best printers you can buy for your home

Working from home is becoming increasingly popular in this connected world we live in, but if you start working from home, you may not have access to all the tools that an office-space has to offer. Not only that, but if you have kids in school, or simply need to print every now and then, having a good printer at your disposal can be extremely helpful. Of course, there are a ton of printers out there to choose from, and not all of them are created equal.

Before you decide on a specific model of printer to go for, you should make a few decisions on the type of printer you need. Here are a few key points to consider before you make the decision to pull the trigger on a new printer.

Insider Picks_ 3 4x3 printer

  • Laser or inkjet: There are two main types of printers – laser and inkjet, and they’re actually pretty different. Laser printers are generally more expensive, but the trade-off is that you don’t have to worry about buying ink, and pages are printed a lot quicker. Laser printers need toner, which lasts longer than the ink used by inkjet printers. This type of printer is also best for printing documents and sometimes only prints in black and white, though many laser printers can do color, too. Inkjet printers are cheaper to buy, but ink is expensive. However, if you print photos, this is the printer you want. Inkjet printers are also easier to maintain, so most people will likely prefer them.
  • Do you want a scanner? Many printers these days also come with a scanner, meaning you can combine your printing and scanning needs into one device. Speaking from personal experience, it’s common to use the scanner after signing a document that may have been emailed to you, so it may be a good thing to have in your home office.
  • Double-sided printing: Many printers out there offer the ability to print double-sided documents, so you won’t have to worry about flipping the page over and printing again if you want dual-sided printing. This also helps cut down on the number of pages you print, which is obviously good for the environment.

Some companies also offer some extra features. For example, HP offers an ink subscription service, in which you can pay $2.99 per month and have HP automatically send new ink when it detects that your ink supply is running low.

But what’s the best printer out there? Here are the five best printers you can buy. You should also check out our guides to the best computer mice and the best Bluetooth keyboards.

Although the Brother MFC-J985DW is our top pick, for various reasons laid out in the slides below, you should also consider the HP Envy 5560, the HP LaserJet Pro M252dw, the Canon ImagePrograf PRO-1000, and the Canon Pixma iP8720.

One in 10 brand new cars has to go back to the garage for repairs in the first year – but what’s the most reliable motor you can buy?

HUNDREDS of thousands of new car buyers are having to return cars to their dealer with problems, a study has found.

Electrical gripes, engine woes and rattling interior trim are leaving owners frustrated with their brand new motors.

Jaguar XF

Almost a third of owners reported problems in the first year with their Jaguar XF

Driver Power, the UK’s biggest car satisfaction survey, found 12 per cent of owners said their car had gone wrong within the first 12 months.

And with a record-setting 2.69million vehicles registered in 2016, it could mean more than 300,000 have already developed faults and needed repairs.

Figures from the Driver Power study – which quizzed drivers on cars aged between two and 12 months – show the Jaguar XF was the car with the most issues.

Cars with most recorded faults in the first year

  1. Jaguar XF: 31%
  2. Jaguar XE: 27%
  3. Land Rover Discovery Sport: 25%
  4. Range Rover Evoque: 24%
  5. Nissan X-Trail: 22%
  6. Skoda Superb: 21%
  7. Nissan Pulsar: 21%
  8. Subaru Forester: 20%
  9. Citroen C4 Cactus: 20%
  10. Subaru Outback: 20%

A third of owners (31 per cent) said their car failed in the first year.

And there was more bad news for British makers, too, with the Jaguar XE the next worst following by the Land Rover Discovery Sport – more than a quarter of owners reported problems with both.

The car deemed most reliable over long-term ownership was the Toyota RAV4.

Top 10 most reliable cars

  1. Toyota RAV4
  2. Skoda Yeti
  3. Audi Q3
  4. SEAT Leon
  5. Lexus RX
  6. Kia Cee’d
  7. Lexus CT
  8. Suzuki Vitara
  9. Lexus NX
  10. Volvo XC60

Dodgy reliability of new vehicles is supported by the record number of contacts The Motor Ombudsman has received for its dispute resolution service.

In the first four months of 2017, it saw a 45 per cent rise in disgruntled customers get in touch compared to 2016.

And the top reason for an owner to contact The Motor Ombudsman related to the quality of the vehicle at the time of purchase.

Holly McAllister, head of customer service and quality at The Motor Ombudsman, said: “Case volumes as a proportion of contacts remain low which demonstrates the great efforts that all parties are going to in order to resolve any disagreements before needing formal adjudication which is very encouraging for all involved.”

Land Rover Discovery Sport

A quarter of Land Rover Discovery Sport owners had early issues

Sell Bank of India, NMDC; buy Apollo Tyres, Indiabulls Housing: Sudarshan Sukhani

Sudarshan Sukhani of told CNBC-TV18, “The sell calls are simply because there are many opportunities opening up in the midcaps, not in the large caps. So the Nifty is mildly bullish and the midcaps are now giving us that sense. So the Bank of India is a short sell, I am bearish on public sector undertaking (PSU) banks for a long time and that continues.”

Image result for Sell Bank of India, NMDC; buy Apollo Tyres, Indiabulls Housing: Sudarshan Sukhani

“The other short sell is Indo Count Industries (ICL), there was a big decline and a small relief rally. So we are selling into strength here anticipating that the relief rally will end and the decline will resume. The iron ore and NMDC are going together, both are in a big mess. So NMDC probably is going to see lower levels. This is not a buy on dips stock, you continue to go short in it.”

“Two buying ideas, one is Apollo Tyres. We all understand there was a four days small decline after a big rally. That could be a bullish flag, probably more upside is coming and Indiabulls Housing Finance, I don’t even have to explain it, you just buy it,” he said.

Buy State Bank of India on dips: Gaurang Shah

Gaurang Shah of Geojit Financial Services told CNBC-TV18, “We do remain positive on State Bank of India (SBI). One should start buying and possibly on gradual dips you could definitely go on adding to it. Policies by the government are looking positive and possibly you will see huge resolution in terms of the GNPL issues which are on the balance sheet for a long time. So, go ahead but stagger out your buying.”Image result for Buy State Bank of India on dips: Gaurang Shah

At 15:19 hrs State Bank of India was quoting at Rs 284.90, down Rs 3.60, or 1.25 percent on the BSE.

The share touched its 52-week high Rs 315 and 52-week low Rs 204 on 19 May, 2017 and 13 June, 2016, respectively.

Bull's Eye: Buy Ceat, Godrej Industries, Bank of India, Rajesh Exports, Rel Infra

Bull’s Eye, CNBC-TV18’s popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.

Remember these are midcap ideas not just for the day, but stocks that look attractive in the medium-term as well.

This week, Kunal Saraogi, Sumeet Jain and Jay Thakkar battle it out for top honours.

Image result for Bull's Eye: Buy Ceat, Godrej Industries, Bank of India, Rajesh Exports, Rel Infra

Below their top stock picks and analysis:

Sumeet Jain of Destimoney Securities

Buy Godrej Industries with a stoploss at Rs 632 and target of Rs 674

Buy Rajesh Exports with a stoploss at Rs 649 and target of Rs 686

Buy Prestige Estates with a stoploss at Rs 258 and target of Rs 281

Buy L&T Finance with a stoploss at Rs 133.50 and target of Rs 147

Jay Thakkar, Head-Technical and Derivatives Research, AnandRathi Share & Stock Brokers

Buy Greaves Cotton with a stoploss at Rs 160.70 and target of Rs 173.80

Buy Bank of India with a stoploss at Rs 136.90 and target of Rs 146.90

Buy Reliance Infrastructure with a stoploss at Rs 464.90 and target of Rs 491.60

Buy Prestige Estates with a stoploss at Rs 259.80 and target of Rs 282.50

Kunal Saraogi of Equityrush

Buy Ceat with a stoploss at Rs 1830 and target of Rs 1900

Buy City Union Bank with a stoploss at Rs 190 and target of Rs 200

Buy Geojit Financial Services with a stoploss at Rs 100 and target of Rs 110

Buy IIFL Holdings with a stoploss at Rs 600 and target of Rs 635