Business

Tata, Nooyi among world’s powerful business heads

New York: India’s top corporate leader Ratan Tata has been named as one of the top 25 most powerful business heads, along with steel tycoon L.N. Mittal and PepsiCo’s Indra Nooyi, by global business magazine Fortune.

In the list released on Tuesday, Mr. Tata was named the world’s 23rd most powerful person in business, ahead of CEOs of international media and entertainment giant Walt-Disney and French luxury goods major LVMH.

PepsiCo chief Ms. Nooyi was ranked 22nd in the latest list, topped by Apple Computer CEO Steve Jobs. She was named at the top of a separate Fortune list of world’s most powerful business women for the second year in a row last month.

Mr. Mittal, largest shareholder and CEO of the world’s largest steelmaker ArcelorMittal, was ranked top among the three people of Indian origin. Ranked at the 14th position in the list, his name figured ahead of CEOs of international giants such as JPMorgan Chase, Hewlett-Packard, Boeing, BHP Billiton, Blackstone and Mexican business tycoon Carlos Slim.

“Some are empire builders. Others are hired guns. But if they truly have world-class oomph, they’re on Fortune’s subjective — yet really quite accurate — list of the most powerful businesspeople in the world,” the magazine said. — PTI

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