PepsiCo CEO Indra Nooyi is the sole Indian-origin executive in Fortune's list of 50 most powerful women in business, which has been topped by General Motors CEO Mary Barra.
India-born Nooyi is ranked 2nd on the list, moving up a notch from her third position last year.
Fortune said about the 59-year-old top executive that she beaten back a challenge from activist investor Nelson Peltz, landing a big marketing deal with the NBA, and managed to post 4 per cent organic revenue growth in 2014.
Barra tops the Fortune list of 50 Most Powerful Women in Business and in her second year as head of the nation's largest auto-maker.
The list also includes IBM CEO Ginni Rometty on the third rank, Facebook COO Sheryl Sandberg on 8th, and Yahoo CEO Marissa Mayer at 18th.
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