News Nooyi on Forbes Most Powerful Businesswomen List   Email this page
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PepsiCo Chairman and CEO Indra Nooyi has moved up to second place in Forbes magazine's list of the 50 Most Powerful Women in Business this year. Nooyi was placed 12th in the 2011 list.
Chanda Kochhar, managing director and CEO of ICICI Bank is placed fifth on the global list, while Shikha Sharma, managing director and CEO of Axis Bank, and Naina Lal Kidwai, group general manager and country head of HSBC India, are ranked 33 and 40, respectively.

According to Forbes, this year's Most Powerful Women are shaping the future of technology, defense and media –- and overseeing more than $1 trillion in revenue.

Profits and revenue increased at Pepsi in 2011, but investors have been wary that Nooyi's push into “good for you” products comes at the expense of the company's core offerings, the magazine said. In January, the board publicly backed her, and she's since revamped management and boosted advertising budgets.

Under Kochhar’s leadership, ICICI Bank won the “Best Retail Bank in India” award in 2001, 2003, 2004 and 2005 and “Excellence in Retail Banking Award” in 2002.

A three-decade veteran of Indian banking, Sharma is charting a course for Axis Bank -- making it India's JPMorgan Chase & Co., Forbes said.

Kidwai, a chartered accountant by profession, is an Indian banker and business executive, and was the first Indian woman to graduate from Harvard Business School, the magazine said.

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