Roshni Nadar-Malhotra, Mazumdar-Shaw, Priyanka Chopra among world's 100 most powerful women: Forbes
New York, Dec 6: IT stalwart Roshni Nadar Malhotra, biotechnology pioneer Kiran Mazumdar-Shaw, media mogul Shobhana Bhartia and actor Priyanka Chopra have been named among the world's 100 most powerful women by Forbes in a list topped by German Chancellor Angela Merkel.
Merkel, 64, a four-time Chancellor, retained the top spot in The World's 100 Most Powerful Women 2018. It is the eighth consecutive year and 13 times in total in the 15 years of the annual list she has topped.
She is followed by UK Prime Minister Theresa May, who for the second year in a row has retained the No 2 spot on the list. May, 62, is followed by International Monetary Fund managing director Christine Lagarde (No 3), General Motors CEO Mary Barra (No 4), and Fidelity Investments CEO Abigail Johnson (No 5).
Nadar Malhotra, CEO, HCL Technologies is ranked 51st on the list. The 37-year old is responsible for all strategic decisions for the USD 8.1 billion enterprise, which operates in technology, healthcare and infosystems.
Nadar Malhotra is also the Vice Chairperson of the board of HCL Technologies and the Chairperson of its CSR Committee. She is a trustee of the Shiv Nadar Foundation, which is focused on education and has established some of India's top colleges and schools.
Mazumdar-Shaw, Founder and Chair, Biocon, is ranked 60. India's richest self-made woman had founded the country's largest bio pharmaceutical firm in 1978.
The firm has successfully forayed into the lucrative US biosimilars market, catching the attention of investors and creating a surge in market cap, Forbes said.
Biocon became the first company to gain approval from the USFDA for two different biosimilars of drugs used in certain cancer treatments.
The 65-year old business woman has invested in research infrastructure and scientific talent with the aim of building a deep R&D-based biotech firm, not a copycat generics maker.
Bhartia, 61, Chairperson and Managing Director, HT Media, is ranked 88th. In 2013, Bhartia launched the business weekly MintAsia in Singapore and then bought Webitude, a social and digital media outfit. HT Media's tutoring arm, Studymate, has expanded into coaching students for the admissions exam required by India's elite engineering schools.
Chopra, who married American singer and actor Nick Jonas this week, comes in at the 94th spot.
Forbes said Chopra, 36, is "arguably the most successful Bollywood actor to cross over to Hollywood".
Chopra made her US big-screen debut in 2017's "Baywatch" and became the first Indian actor to lead a drama series on American television as the former star of ABC's "Quantico."
She launched her own production company, Mumbai-based Purple Pebble Pictures, to promote regional filmmakers and emerging Indian talent.
In 2018, she became a tech investor, putting money into dating app Bumble's investment fund and Holberton School for software engineering.
The UNICEF Goodwill Ambassador and UN Foundation Girl Up Champion also launched the Priyanka Chopra Foundation for Health and Education.
"Forbes' Most Powerful Women 2018 list reflects what is always known about power, how ephemeral it is and how volatile it can be," says Moira Forbes, Executive Vice President, Forbes Media.
"The world's most powerful women are leading amidst a tumultuous time where geopolitical tensions are on the rise, key economies are facing instability, and where trust in institutions is at an all-time low."
The 100 women on the list are women who are building billion-dollar brands, calling the shots in the financial markets, crisscrossing the globe to broker international agreements, and provide aid to those in need.
Their accomplishments are formidable on their own, and even more so given how difficult it can be to establish inroads into industries and job titles traditionally dominated by men, especially in tech, venture capital, and Hollywood.
They are builders, disruptors, and innovators in every sector from business to creative worlds, taking a modern, forward-looking view on power and using their positions to better the world.
Members of the 2018 Most Powerful Women list represent women in six categories: business (27 honorees), technology (18), finance (12), media & entertainment (16), politics & policy (22), and philanthropy (5). In total, the Power Women control or influence nearly USD 2 trillion in revenues and oversee 5 million employees.
The 2018 list spans more than six generations of influential women, with Taylor Swift the youngest honoree at 28 and Queen Elizabeth II the oldest at 92.
The list also includes siblings for the first time Anne and Susan Wojcicki of 23andMe and YouTube respectively.
North America represents 50 women on the list, Asia Pacific 22, Europe (inclusive of Russia and Turkey) 17, the United Kingdom 7, the Middle East 3, one in Africa.
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Criticism of PM Modi, repeated mentions of guarantees to be highlights of K’taka Budget: LoP Ashoka
Bengaluru (PTI): Leader of Opposition in the Karnataka Assembly R Ashoka on Thursday took a dig at CM Siddaramaiah ahead of the state Budget presentation, claiming that the government is expected to borrow Rs 1.15 lakh crore and is likely to impose fresh taxes on the people.
He said the Budget would have nothing new, adding that its highlights would be criticism of Prime Minister Narendra Modi and repeated mentions of the five guarantee schemes ('Shakti', 'Gruha Lakshmi', 'Gruha Jyoti, 'Yuva Nidhi' and 'Anna Bhagya').
Chief Minister Siddaramaiah, who also holds the Finance portfolio, is scheduled to present the 2026–27 Budget on March 6. This will be his record 17th budget.
“Siddaramaiah-led Congress government’s budget will be presented tomorrow. While Finance Minister Nirmala Sitharaman reduced the tax burden in the Union Budget, Siddaramaiah is known for imposing taxes on people. He imposes about four taxes a month and has already introduced 36 taxes, and is now looking for ways to impose more,” Ashoka said.
Speaking to reporters, he said the Congress had promised people before coming to power that the guarantee schemes would be implemented without imposing any burden on them.
“By the end of the chief minister’s term, the state’s total debt will probably exceed Rs 6 lakh crore. The government has already breached financial discipline. Siddaramaiah and his government are somehow managing the situation,” Ashoka claimed, adding that his borrowings as CM equal those of 12 or 13 former chief ministers combined.
Stating that the Budget should create higher revenue sources, ensure that no burden is placed on people, and take the state away from debt, the opposition leader said this could be ensured only by a “clever and intelligent finance minister.”
“Anyone can run a government by pushing the state into debt,” he said, accusing Siddaramaiah of “increasing the state’s debt and failing to meet the expectations of the people.”
Highlighting that Siddaramaiah blames the previous BJP government for everything, Ashoka said Basavaraj Bommai, the chief minister during the previous BJP government, had presented a “surplus budget,” without excessive borrowings.
“Despite having the opportunity to borrow more while staying within the parameters of financial discipline, he (Bommai) did not do so, as it would burden the people,” he said, accusing Siddaramaiah of borrowing crores of rupees every year.
“I feel that this time too, he will take a loan of Rs 1.15 lakh crore,” he claimed.
The BJP leader said he had written to the CM requesting an allocation of Rs 15,000 crore annually for the development of backward taluks, as recommended by the High Power Committee on Redressal of Regional Imbalance (HPCRRI), chaired by economist Prof M Govinda Rao.
Claiming that the government appears “inactive” due to internal rifts, Ashoka pointed to an ongoing power struggle between factions led by Siddaramaiah and Deputy Chief Minister D K Shivakumar over the CM’s post.
“Amid all this, we cannot expect anything new from this Budget. The CM will repeatedly speak about the guarantee schemes and target the central government and PM Modi. Criticising Modi and repeated mentions of the five guarantee schemes will be the highlight of this Budget. Other than that, there will be nothing new,” he added.
He also dismissed the CM's claim that the government had achieved 90 per cent of the promises made in the previous Budget. “The fact is that not even 9 per cent has been achieved. I have evidence for it,” he said.
Ashoka further alleged that the government had also failed in tax collection, achieving only 48 per cent of the target, and had released less than 40 per cent of the allocated funds to some departments.
