Kochhar, Kidwai, Shaw in Fortune 50 list

Three Indian women - ICICI Bank Deputy Managing Director Chanda Kochhar, HSBC India CEO Naina Lal Kidwai and Biocon head Kiran Mazumdar-Shaw - have been named among the world's 50 most powerful businesswomen by Fortune.

The global recognition for the country's three businesswomen comes close on the heels of Indra Nooyi, the India-born head of global soft drink giant PepsiCo, being named as the most powerful business woman in the US by Fortune.

Her name does not figure in this global list of 50 published in the magazine's latest European edition as she has been named in the American list.

Chanda Kochhar has been ranked 37 in the Global Power 50 list published in the October 16 issue of the CNN-Time Warner group business magazine. She has moved up ten positions from her 47th rank in the previous year's list.

While HSBC India Chief Executive Officer Kidwai has been ranked 41, Biocon chief Kiran Mazumdar-Shaw is at the 48th rank in the list.