MUMBAI: India’s market regulator issued two orders on Thursday (Sep 18) clearing several of billionaire Gautam Adani’s companies of some of the allegations of financial impropriety made by US short-seller Hindenburg Research. The Adani Group, a sprawling ports-to-power conglomerate, lost billions of dollars in market value in 2023 after Hindenburg accused it of “brazen” corporate fraud. The forensic financial research firm alleged undisclosed related-party transactions and earnings manipulation