Wal-Mart International Holdings Inc, however, in a separate reply has said its business model and activities in India were different of Flipkart's
WalmartLabs also powers the retail firm's e-commerce offering the world over in addition to technology acquired through JD.com
Walmart posted its best quarterly sales growth in the grocery category in nine years, fueled by an improved selection of low-priced produce, meat and bakery items
Agri produce accounts for nearly 20% of Walmart's total procurement in India, with almost 100,000 farmers linked in its backend value chain
Walmart will have its Best Price stores at Kanpur Muradabad, Varanasi, Gorakhpur, Sharanpur, Lucknow and Ghaziabad
Shares in Walmart rose more than 2%, with analysts saying the deal allows the company to focus on more promising markets
As Walmart and Amazon sink billions into e-commerce in India, they might be overlooking a tough rival on every corner
E-commerce sales grow 33%; gross margin slips 23 basis points
Analysts believe the two-horse race will now be reinforced, leaving no room for a third player, with the $500-billion Walmart likely to buy a controlling stake in Flipkart
Walmart's international woes have been exacerbated by slow decision-making over the years
Walmart also has a deal with insurer Humana Inc. to offer co-branded Medicare drug plans
The retailer's shares closed down 16 cents, or 0.2%, at $87.51, after earlier falling as much as 2%
Groceries make up 56 percent of the company's total revenue and Walmart may see drone technology as one way to get food from farms to store shelves faster and more cheaply
The move will complement Walmart's rollout of curbside grocery pickup, which is currently available in 1,200 stores and will be added to a 1,000 more stores this year
By comparison, Walmart's online prices were 3 per cent higher than Amazon's on average in the first 350 days ending November 7, 2016, according to the study
The partnership will help Olo's restaurant customers connect with Amazon's delivery services
Google and Walmart today announced a partnership that will make the retailer's products available on the internet giant's online shopping mall.
World's largest retailer applied for US patent for floating warehouse to make deliveries via drones
It's the retailer fourth e-commerce acquisition in less than a year
Walmart is accused of violating Americans with Disabilities Act and the Family and Medical Leave Act