WPP announced on Thursday its wholly-owned operating company Bates CHI & Partners has agreed to buy the business and assets of India-based ad agency Temple Advertising Private.Temple has worked with leading Indian brands across media and entertainment, automotive, fashion and retail, foods, education and real estate with clients including Embassy Group, eTV Kannada, Reliance Trends, Sumeru Frozen Foods, Vaswani Group and Wipro Technologies.WPP said the investment marked a further step towards its goal towards developing its networks in fast-growth markets. In India, WPP generates revenues of about $500m, including associates, and employs 13,000 people. The company is targeting at least 40-45% of revenues from each of fast-growth markets and new media over the next five years.Shares closed up 0.40% to 1,266p.RD