"Supreme Court Decision Bolsters Adani Amid Regulatory Probe and Hindenburg Allegations"

The Supreme Court of India has ruled that the Adani Group, led by billionaire Gautam Adani, will not be subjected to additional investigations beyond the ongoing probe by the Securities and Exchange Board of India (SEBI), which must be completed within three months. This decision comes after allegations of wrongdoing by U.S. short-seller Hindenburg Research, which led to a significant drop in Adani's stock value. The court's ruling has resulted in a rally of Adani Group's shares, although the company still faces other challenges, including political scrutiny and separate federal investigations.