Walmart lifted its holding to 10.8% from 5.95, according to an amended 13-G filing on Thursday
The world's largest retailer is now on track to double the number of giant warehouses dedicated to online sales to 10 by the end of 2016
Walmart, the world's largest retailer, would take a minority stake in Flipkart under the proposed agreement
Wal-Mart is also looking at expanding its India presence by opening more stores even as it explores an online presence in the country
According to a news report, Walmart is in talks with Flipkart to pick up a minority stake in the company
Interview with CEO, Walmart India
The company already operates four stores in Lucknow, Agra and Meerut, while it is planning to open new stores in other urban centres
Walmart last month recalled Welspun bed sheets and pillow covers after it came to light that these items were not made of Egyptian cotton
After the Indian manufacturer was unable to assure them the products were authentic
The government allowing 100 per cent FDI in food processing will benefit farmers and boost the sector, Krish Iyer, president, Walmart India, said
The company has agreed to sell Suburbia clothing chain to El Puerto De Liverpool
Wal-Mart said it would pay around $3 billion in cash and $300 million in shares for Jet, with some of that paid over time
Walmart operates in India through 21 cash & carry wholesale stores
Employees said Walmart wants them to work 11-hour shifts on weekends and as little as four hours on weekdays
Walmart has been trying to open multi-brand retail stores in India for over a decade
Walmart picks right battle in China with JD deal
Under the deal, JD.com will issue around 145 million new class A shares to Walmart
Shares of Walmart were trading at $69.07 before the market opened, up from Wednesday's close of $63.15
It is stronger than market expectations for a rise of 0.5%
At present, it operates only in the cash-and-carry space with 21 stores in nine states, of which the last one was opened in Agra in August last year