MAM
Mayank Jain joins CarDekho Group as CEO – new auto business
MUMBAI: Auto-tech company CarDekho has further fortified its leadership team by appointing Mayank Jain as CEO of its new auto business. He will be responsible for strengthening the organisation’s new auto offering, and deepening engagement with OEMs, dealer network and other enterprise partners. He will operate out of the company’s Gurugram office and report to CarDekho CEO & co-founder Amit Jain.
Mayank brings in rich experience of over 18 years working in technology, media and telecom sectors in India and Internationally. Prior to this, he was the CEO of the Hindi news cluster at Network18, where he managed a cluster of seven news channels. He has held leadership roles in sales, marketing, product management and strategy in companies such as Disney Star, British Telecom, Samsung, and HT Media.
CarDekho Group CEO & co-founder Amit Jain said, “I am delighted to welcome Mayank Jain to the CarDekho family. Mayank is a highly reputed professional in the media world and has an impressive track record of scaling businesses across varied industries. His deep customer understanding, and expertise will enable us to design and provide the best auto-tech solutions to our partner customers.”
Mayank Jain said, “I am delighted to join the CarDekho group and have the opportunity to work with one of the best teams in the auto-tech space. Our market leading portfolio of auto portals & platforms help customers buy cars, bikes, commercial vehicles and other products and services, whilst our suite of innovative solutions & technology enables auto manufacturers and dealers to build their brands and sell more.”
Over the years, Mayank has made an enormous contribution across different industries. In the year 2019, he received the IMPACT 40 under 40 award for achievement in Media, Marketing and Advertising industry. He is a Computer Engineer and an MBA from INSEAD, and also holds a Post Graduate Diploma in Management from MDI Gurgaon.
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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.
