MAM
Newgen Software elevates Virender Jeet to CEO
Newgen Software, a global provider of digital transformation platform, has elevated its senior VP- sales, marketing, & products, Virender Jeet to the position of chief executive officer (CEO). The company has also announced the promotion of senior VP- business management, Tarun Nandwani as chief operating officer (COO). The changes have been effective from 1 September.
“Jeet and Nandwani have been integral to the Newgen growth story and have left no stone unturned in bringing us to an enviable position in the industry,” said Newgen Software, chairman & MD, Diwakar Nigam. “With their experience and able leadership, we look forward to achieving newer heights.”
Jeet has been with Newgen since its inception in 1992. He has been closely associated with the complete lifecycle of product development, sales & marketing, patents, and various other strategic functions at Newgen, thereby significantly contributing to the business growth in the last 29+ years.
“With low code- and cloud-based digital transformation taking center stage, we, with our recently unveiled NewgenONE platform, are well-positioned to help enterprises across industries accelerate their digital initiatives and achieve their business goals,” said Jeet. “I look forward to working closely with our SI and consulting partners, and establishing Newgen as the world’s leading platform company.”
Nandwani has been with Newgen for over 27 years and has been successfully spearheading customer relationship management, commercial activities, new solution, and application development. He has been instrumental in driving business from the install base.
“Industry analysts have consistently recognised us for our technology and innovation. With digital becoming a priority for every enterprise, we are poised for even greater success,” said Nandwani.
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Trump announces $300bn Texas oil refinery with Reliance, calls it the biggest in US history
First new US refinery in 50 years planned at Brownsville port with Reliance
WASHINGTON: The United States may soon see the first brand-new oil refinery built on its soil in half a century.
Donald Trump announced a proposed $300 billion refinery project in Texas, calling it a landmark moment for American energy production and jobs.
Posting on Truth Social on 10 March, Trump said the facility would be built at the Port of Brownsville and developed by a company called America First Refining, with major investment from India’s Reliance Industries.
The announcement frames the project as a centrepiece of the administration’s push for “energy dominance”, with Trump claiming it would deliver thousands of jobs and billions of dollars in economic activity to South Texas.
If realised, the plant would mark the first all-new major refinery constructed in the United States since the 1970s. In recent decades, oil companies have largely chosen to expand existing facilities rather than build new ones, citing high costs, regulatory hurdles and environmental scrutiny.
Trump described the proposed investment as the “biggest in US history”, positioning it as proof that policy changes such as streamlined permits and lower taxes are drawing large-scale energy investments back into the country.
The refinery is planned for the Port of Brownsville, a strategic Gulf Coast location that provides easy access to shipping routes and export markets.
A key partner in the project is Reliance Industries, controlled by billionaire industrialist Mukesh Ambani. The company already runs the world’s largest refining complex in Jamnagar, India, making it one of the most experienced operators in large-scale petroleum processing.
The Texas venture would mark a significant step for the group into America’s domestic refining sector, potentially strengthening industrial ties between the US and India.
The proposed refinery is being promoted as a next-generation facility capable of processing American shale oil while maintaining high environmental standards. Trump said it would be “the cleanest refinery in the world”, although the specific technologies behind that claim have not yet been detailed.
Industry observers also note that the $300 billion figure is unusually large for a refinery project, and analysts are waiting for more clarity on whether the number reflects total construction costs, long-term infrastructure investment, or broader economic impact estimates.
As of 11 March, Reliance Industries had not publicly confirmed the investment size or the structure of its involvement.
For now, the announcement has sparked equal parts excitement and curiosity in energy markets. If the plan moves from promise to pouring concrete, the refinery could reshape the Gulf Coast energy landscape, and reopen a chapter in American refining that has been quiet for nearly fifty years.
