The Nifty50 closed at 18,162, up 170 points, or nearly 1%, extending its year-to-date gains to 30%
Janet Yellen puts her on notice; says she will closely evaluate any new fact or finding
The board will issue a statement of support for Georgieva after a thorough review of allegations
Created in 1944 to help manage the post-World War II global economy, the IMF no longer knows what it stands for
Some European governments backed the Bulgarian economist to remain IMF chief at Friday's marathon meeting, according to people familiar the matter.
France, Britain, Germany and Italy were expected to back Georgieva
The IMF says it needs more time to weigh its response to a law firm's findings that the agency's managing director was involved in data-rigging at the World Bank when she was a top official there
Some staff at the fund, which employs about 2,700 people, have lost confidence in Georgieva, says a Bloomberg report.
Emerging market and developing economies will see inflation declining to about 4% next year after peaking at 6.8% this fall
The IMF said that unsound macroeconomic policies and inefficient payment systems are among the drivers of cryptocurrency adoption in emerging economies
The efforts now underway to remove Kristalina Georgieva are not only unjust, but could hamstring the Fund's management for years to come
Georgieva said her effort to prevent Hong Kong data from being added to China's Doing Business ranking demonstrated her concern for preserving the integrity of World Bank data.
The board agreed to meet again soon for further discussions, an IMF spokesperson said, but gave no specific date.
Kristalina Georgieva denies she had applied pressure on staff of World Bank, when she worked there, to boost China's ranking in the report.
The IMF has said its engagement with Afghanistan will remain suspended until there is clarity within the international community on the recognition of the government led by the Taliban.
Govt plan to raise Rs 6 trillion by offering roads, railway stations, airports and other assets could be hard to achieve
SDR is an alternate reserve currency floated by the IMF
IMF has announced to block Afghanistan's access to the emergency reserve worth $460 mn as the Taliban's control over the country has drawn uncertainty for the country's future, media report said
A step jump in medium-term growth rates, of the kind projected, needs all four engines of the economy to be firing. But the govt seems to have bet on just two, writes T N Ninan