The world’s biggest retailer would invest in Flipkart as part of a proposed deal that would increase the startup’s valuation as high as $20 billion, according to a person familiar with the matter.

The tweak reflects how customers commonly refer to the company, and supports its aim to serve customers both in physical stores and online.

The company has been looking to slim down its operations as it boosts wages for employees and ramps up e-commerce spending to compete with Amazon.com Inc.

The retail giant has selected 500 businesses to take part its annual "Open Call" day to help search for new products to sell in its stores as it battles Amazon for billions of dollars in revenue.

BENTONVILLE, United States — Wal-Mart Stores Inc.'s e-commerce store won't be offering free unlimited shipping this holiday season, encouraging

The sight of Wal-Mart Stores Inc. falling earlier this month by the most since 1988 sent shock waves through stock markets. But that doesn’t mean investors are souring on US consumers.

Wal-Mart Stores Inc, the world's largest retailer, said it has decided to bring in-house some of the product sourcing that has been handled by Direct Sourcing Group (DSG), a unit of Hong Kong's Li & Fung Ltd.