Indra Nooyi, Shikha Sharma and Chanda Kochar in Forbes List of Powerful Women

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NEW DELHI, INDIA (GaeaTimes.com) — Forbes list of world’s 100 most powerful women has been announced today. The list topped by US First Lady Michelle Obama includes two Indian women. India-born Pepsico chief Indra Nooyi is placed at the sixth position of the Forbes list.

Shikha Sharma, the Axis Bank chief executive hold the 89 th position while ICICI Bank chief executive Chanda Kochar, 48, got the 92nd place in the magazine’s annual list.

The list that is based on “less on traditional titles and roles and more on creative influence and entrepreneurship” includes two singers Lady Gaga (7) and Beyonce Knowles (9).

The African-American First Lady was last year placed at 40 while Merkel topped the list. This year the magazine has given her the number one position as they think Obama had “given a new generation of girls and women around the world a role model”.

Nooyi, the head of the renowned beverage company Pepsico “nudged a $20 million slice of the company’s $616-million-a-year ad budget away from traditional to social media spends,” Forbes said.

Nooyi’s last year annual compensation package was $10.6 million. Nooyi said, “It blurs the line between philanthropy and advertising,”

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For Shikha Sharma, CEO of India’s third-largest private bank its time to look forward.

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On the other hand, Kochar, the first woman to run India’s largest private bank and the country’s fourth largest has recently expanded her role by acquiring the Bank of Rajasthan, a private sector bank that has 463 branches and 4,000 employees.