In its notification to the Congress, the Defence Security Cooperation Agency said the proposed sale will support the foreign policy and national security of the US by helping to strengthen the US-India strategic relationship and improve the security of a major defence partner, which continues to be an important force for political stability, peace, and economic progress in the Indo-Pacific and South Asia region.
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In July, HCL Technologies had announced a Rs 4,000 crore buyback programme for FY19 at a price of Rs 1,100 per equity share.
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