Four Indian Women in Forbes' Most Powerful List
Four Indian women, led by Arundhati Bhattacharya, Chairman of the country's largest lender, the State Bank of India (SBI), have been ranked in the latest Forbes list of the 100 most powerful women in the world. While Bhattacharya has been ranked 25th, the others are Chanda Kochhar of ICICI Bank (40th), Kiran Mazumdar-Shaw of Biocon (77th), and Shobhana Bhartia of HT Media, which publishes the Hindustan Times (93rd).
Categories of Power Bases
The list represents seven categories of power bases: billionaires, business, finance, media, politics, philanthropists, NGOs, and technology. Also on the list is the US-based Indian-origin Indra Nooyi, Chief Executive of PepsiCo.
Challenges and Achievements
Regarding Arundhati Bhattacharya, Forbes magazine stated that she was facing her most challenging test yet with her bank, dealing with bad loans amounting to $11 billion in December, which caused net profit to plunge more than 60 percent to $190 million in a recent quarter. The magazine had a similar take on Kochhar.
For Mazumdar-Shaw, Forbes praised her effort in launching the initial public offering of Biocon's thriving research arm, Syngene International, last August amidst a volatile stock market.
Referring to Shobhana Bhartia as a "media baroness," the magazine highlighted her role as the chair and editorial director for India's largest listed media company, HT Media, the publishers of the English and Hindi language dailies Hindustan Times and HT Mumbai, and the business paper Mint.
Four Indian women, led by Arundhati Bhattacharya, Chairman of the country's largest lender, the State Bank of India (SBI), have been ranked in the latest Forbes list of the 100 most powerful women in the world. While Bhattacharya has been ranked 25th, the others are Chanda Kochhar of ICICI Bank (40th), Kiran Mazumdar-Shaw of Biocon (77th), and Shobhana Bhartia of HT Media, which publishes the Hindustan Times (93rd).
Categories of Power Bases
The list represents seven categories of power bases: billionaires, business, finance, media, politics, philanthropists, NGOs, and technology. Also on the list is the US-based Indian-origin Indra Nooyi, Chief Executive of PepsiCo.
Challenges and Achievements
Regarding Arundhati Bhattacharya, Forbes magazine stated that she was facing her most challenging test yet with her bank, dealing with bad loans amounting to $11 billion in December, which caused net profit to plunge more than 60 percent to $190 million in a recent quarter. The magazine had a similar take on Kochhar.
For Mazumdar-Shaw, Forbes praised her effort in launching the initial public offering of Biocon's thriving research arm, Syngene International, last August amidst a volatile stock market.
Referring to Shobhana Bhartia as a "media baroness," the magazine highlighted her role as the chair and editorial director for India's largest listed media company, HT Media, the publishers of the English and Hindi language dailies Hindustan Times and HT Mumbai, and the business paper Mint.