Franklin Templeton has invested $40 million to build a back-office operations company in India, Reuters reports. The company, Franklin Templeton International Services (India), which began operations on Tuesday and has the capacity to employ 1,800, will support the firm’s operations and technology throughout the world.

The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.

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