This has steered a rally in global equities and dollar Index also ticked higher, trading near its four year high.
Prime Minister Narendra Modi on Thursday address Members of the British Parliament in London where he promised to open more doors of cooperation between the two countries and delved on issues like terrorism and United Nations reforms.
'This is clearly a much stronger government, a much strong Prime Minister's Office and a much more disciplined approach. There is an improvement of the work culture in the government -- people don't play golf in the mornings anymore. There is a huge attempt going on to making business easier,' says Rakesh Mohan, executive director at the IMF.
Terrorism and Afghanistan were the focus points of Prime Minister Narendra Modi's talks with Uzbek President Islam Karimov on his first visit to Central Asia.
Major global indices like CAC 40, DAX Shanghai Composite, Hang Seng, Nikkei, Straits Times, Sensex, Nifty have lost 1% - 10% in a week
'If Amazon's officials had secured their visas through proper paperwork, under what rule or law was Swaraj threatening to cancel them?' 'If she felt a crime had been committed, as a law abiding citizen she should have registered a first information report or a complaint.' 'Instead she fired off a twitter fatwa, acting like a despot.'
The perfunctory management of external affairs has left India's foreign policy establishment largely unprepared to manage the consequences of dramatic international developments, says Nitin Pai.
Rebound in IT majors TCS and Infosys in late trades helped markets end higher.
'Big countries do not agree on every set of issues.' 'Look, one of the differences in the relationship is that when we do not agree, we are sitting down and talking to each other.'
Obama and Modi would primarily focus on climate change but will also review progress in bilateral relationship and discussion on regional and global issues including terrorism.
Prime Minister Narendra Modi on Sunday thanked France and wrapped up his first visit to Paris that saw the two nations elevate their strategic ties to a new level as they agreed on a deal for 36 Rafale fighter jets and decided to move ahead with the log-jammed Jaitapur nuclear project.
Here's a look at the events that shaped the world last week.
T P Sreenivasan was India's high commissioner in Fiji in 1987, when Sitiveni Rabuka toppled the Indian-dominated government there. Ambassador Sreenivasan stayed on for two years after the coup, fighting for the rights of the people of Indian origin before he was expelled by Rabuka. 'Meeting Sitiveni Rabuka, who had overthrown a democratically elected government, discriminated against the Fiji Indians, brought untold humiliation and suffering to them, tried to disenfranchise them, ordered me out of Fiji and closed down the Indian high commission was a difficult decision to take even after 25 years,' notes Ambassador Sreenivasan who eventually caught up with Rabuka over a game of golf.
Indian Railways has plans to decongest network and become more self dependent.
I look forward to many years of success and friendship, working together to solve not only our problems, but world problems and problems of great danger and security, says President Trump in Beijing.
The venture is seen as a rival to the World Bank.
The prime minister also said that country nurtures a mindset that loudly proclaims that terrorism is justified for political gains.
India-Israel relations are at a crossroads. Simply chanting old hackneyed mantras on terrorism, secularism, democracy, et al, won't suffice. There is danger of stagnation setting in, says Ambassador M K Bhadrakumar.
China continues to hold out on fingering Pakistan as the 'mothership of terror,' declaring Masood Azhar a terrorist at the UN, and India's membership of the NSG, says China expert Srikanth Kondapalli.
Part of Sebastian Coe's new job as head of world athletics will be to shift the conversation about his "ostensibly clean" sport from doping to spectacular performances, he said on Sunday.
Indian oil and gas exploration companies work in silos.
'It is in the interest of both sides that the visit of the US President is seen as being successful. Both sides have invested considerable political capital in it. This rapid exchange of visits and the decisions taken have to be justified, beyond the symbolism, which is no doubt important in itself. This opportunity to impart a fresh momentum to ties should not be missed,' says former foreign secretary Kanwal Sibal.
The Forbes 30 Under 30 list is harder to get into than Stanford or Harvard University. Meet the desis who made the cut this year.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
The 2 countries signed 15 agreements including one on defence cooperation after Prime Minister Narendra Modi held 'productive discussions' with President Joko Widodo.
India on Thursday bluntly told the US that surveillance of political leaders and others in India by the American intelligence was "unacceptable" to which the US responded by saying that any differences that may exist can be resolved by intelligence communities of the two countries.
In his fifth address as President, Pranab Mukherjee asked authorities and institutions of the State to adhere to the 'dignity' in discharging their duties.
Corporate legal cases kept India Inc on its toes in 2014 as high stake matters on coal, telecom and mining came up in the Supreme Court, which also sent Sahara Group chief Subrata Roy to jail.
A Priority Foreign Country is a status reserved for those nations that are the most egregious violators of intellectual property rights and have the most negative impact on US competitiveness abroad.
President Xi Jinping on Tuesday pushed China's free trade vision for the Asia Pacific region and asked APEC to "break open closed doors" as leaders of the grouping held talks on forging consensus over opening up commerce in the resource-rich and economically dynamic region.
In an interview with Sanjay Jog, REC chairman and managing director P V Ramesh talks of the growth strategy and the company's plan to ride the transformation wave in the power sector.
Earning numbers of blue-chips, including ITC and SBI, due tomorrow.
Indian Prime Minister Narendra Modi who envisioned Make In India last September was at his eloquent best as he made a fervent plea to global businesses to come Make In India.
Auto stocks are weighing on the indices.
'A President who is a living embodiment of high principles can tone up the entire national fabric,' says B S Raghavan, the distinguished civil servant.
'The surge of Saudi nationalism is the last thing Washington wants,' says Ambassador M K Bhadrakumar.
The city readies itself for the biggest economic, political and social event of the year
'... For the India-US relationship to continue its positive trajectory, it will require India to adapt to a different approach.' Nisha Desai Biswal -- who as the Obama administration's point person for South Asia was in the inner circle of all the Obama-Modi Summits -- tells Rediff.com's Monali Sarkar why she is hopeful that India and the US are on an irreversible forward course.
Several factors seem to have corrected in India in the past six months, says the president of New Development Bank.
Isn't National Intelligence Grid and UIDAI engineered by vested interests, asks Gopal Krishna.
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