Tatas, a house brutually divided: Tata Sons board gives Chandrasekaran 5 more years; move illegal, say Trusts

South Korea’s Kospi plunged more than 10% on Tuesday as a global semiconductor sell-off battered technology heavyweights. SK Hynix tumbled 11% after its US-listed shares hit a record low, while Samsung Electronics fell over 9%, triggering market-wide trading curbs. Rising competition from China and weakness in chip stocks further weighed on investor sentiment.

Happiest Minds Tech shares opened at ₹407.50 against its previous close of ₹407.15 and crashed 12% to hit an intraday low of ₹357.50.

While Tata Trusts does not play a role in the day-to-day management of the conglomerate, its shareholding in the parent company gives it decisive influence over the group’s future.