Tata, Mittal, Nooyi in Fortune's power list
Hindustan Times — November 28, 2007

Tata group chairman Ratan Tata, ArcelorMittal chief Lakshmi Mittal and PeosiCo chief executive Indra Nooyi are among the 25 most powerful people in business named by Fortune magazine.

While Mittal is ranked 14th, Tata and Nooyi are placed at the 22nd and 23rd positions, respectively, on the magazine's list - which is part of its latest cover story.

The top slot has been taken by Apple's Steeve Jobs, followed by media baron Rupert Murdoch, Goldman Sachs chief executive Lloyd Blankfein and Google's founder-CEO trio Eric Schmidt, Larry Page and Sergei Brin.

"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," says Fortune.

On Tata, 69, the magazine says he is the head of one of India's most venerated family businesses and enjoys a unique stature. The group has interests in areas like software, hotels, steel, consulting, and wireless and cable services.

"Since taking over in 1991, Tata has made numerous big-ticket deals. But his heart is set on a project closer to home: creating a $2,500 car that middle-class Indians can buy," the magazine says.