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flag Hindenburg Research, known for criticizing Adani Group, shuts down, sparking stock rally.

flag Hindenburg Research, the US firm known for targeting Indian billionaire Gautam Adani's companies and causing significant financial losses, has been shut down by its founder, Nate Anderson. flag Hindenburg's reports since 2023 accused Adani Group of financial irregularities, which were denied by Adani. flag Anderson did not give a specific reason for disbanding the firm, but the closure has led to a rally in Adani Group stocks. flag Anderson plans to pursue personal interests and hobbies.

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