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Indian Tech Giant Infosys Says it Has Created a Joint Venture With Singapore’s Temasek

India’s second-largest software services exporter Infosys said on Friday it formed a joint venture with Singapore state investor Temasek as it expands its presence in Southeast Asia.

Temasek looks to enhance its IT services through the venture in which Infosys will hold a 60 percent stake and Temasek 40 percent, Infosys said in a statement.