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News18
25 minutes ago
- News18
Who Is Vaibhav Taneja, Indian-Origin Tesla CFO Handling Finances For Musk's America Party?
Last Updated: Taneja's official role in Musk's political outfit was confirmed through paperwork submitted to the US Federal Election Commission Indian-American Vaibhav Taneja, currently the Chief Financial Officer (CFO) at Tesla, has been named as the Treasurer and Custodian of Records for Elon Musk's newly launched political venture, the America Party. On Saturday, Musk announced the formation of the America Party through a post on his social media platform, X, saying it aimed to 'give Americans their freedom back" and challenge what he called the country's 'one-party system". 'Today, the America Party is formed to give you back your freedom," Musk wrote. 'When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy," added the billionaire, who heads Tesla and SpaceX. Taneja's official role in Musk's political outfit was confirmed through paperwork submitted to the US Federal Election Commission (FEC), which lists him as both Treasurer and Custodian of Records of the party. 🚨 BREAKING: It's FEC filing under Elon Musk's name just confirmed the creation of a brand new political vehicle, the AMERICA PARTY. The paperwork lists Tesla CFO Vaibhav Taneja as both Treasurer and Custodian of Records. You don't file FEC paperwork unless you're… — Brian Allen (@allenanalysis) July 6, 2025 Who Is Vaibhav Taneja? Vaibhav Taneja is a seasoned financial executive and the current CFO at Tesla. He holds a commerce degree from Delhi University and is a qualified Chartered Accountant from the Institute of Chartered Accountants of India (ICAI). He began his professional career at PricewaterhouseCoopers (PwC) in India before moving to the United States in 1999. In March 2016, Taneja joined SolarCity Corporation, a solar energy company, as part of its finance and accounting team. Following Tesla's acquisition of SolarCity in the same year, he transitioned to Tesla in 2017 as Corporate Controller. Taneja rapidly moved up the ranks, becoming Tesla's Chief Accounting Officer in 2019 and eventually taking over as Chief Financial Officer in 2023. With over 17 years of experience across sectors such as technology, retail, and telecom, Taneja is well-versed in US GAAP, SEC filings, and financial audits. He has worked closely with senior executives and board members, helping companies streamline operations, ensure compliance, and reduce revenue leakage. First Published:
India Gazette
29 minutes ago
- India Gazette
Lhakpa Tsering hails Dalai Lama, says
Shimla (Himachal Pradesh) [India], July 6 (ANI): The Dalai Lama's 90th birthday celebration was marked with great enthusiasm, with the Chief Representative Officer of the Central Tibetan Government in Exile, Lhakpa Tsering highlighting the Tibetan spiritual leader's 14th Dalai Lama's contributions to global peace and harmony. Speaking to ANI, Lhakpa Tsering said, 'He is not only a religious leader but also a peace promoter across the world, and he usually promotes human value, religious harmony, Tibetan culture, and ancient Indian traditions.' The celebration underscores the long-standing relationship between India and Tibet, with the Deputy CM of Himachal Pradesh, Mukesh Agnihotri, saying, 'India and Tibet have a long relationship and history in culture and tradition.' Lhakpa Tsering also acknowledged India's support, stating, 'India was the first country to welcome us when we crossed the borders.' Union Ministers Kiren Rijiju and Rajiv Ranjan (Lalan) Singh, along with other dignitaries and well-wishers, attended the celebration. Dalai Lama celebrated his 90th birthday in Dharamshala on Sunday with an address focusing on the values of compassion, service, and the Bodhichitta way of life. Speaking before a gathering at the Tsuglagkhang temple, he reflected on his spiritual journey and urged everyone to follow a path of kindness and selflessness. In his speech, the Dalai Lama spoke about the importance of love, unity and service to others. 'As far as I am concerned, I have a human life. As humans, it is natural for us to have love in our hearts for one another and to help one another. Since we came from a country where the Buddhist religion and spirituality have spread, there is a strong sense of brotherhood and sisterhood amongst us. The main practice is, as said in the Bodhisattva way of life -- considering all beings as my friends and relatives, and I always think of serving beings with the best of my abilities,' he said. He thanked the gathering for attending the celebration with joy and warmth. 'Today, my dear Dharma friends, and to all my friends, I wish to say that it is my 90th birthday celebration, and you have happily and with great excitement gathered here and with joy in our hearts. I would like to thank you for that. So, on this 90th birthday celebration of mine, you have come here with great joy in your heart. So thank you,' he said. On the Tibetan spiritual leader the Dalai Lama's birthday, heartfelt messages poured in from world leaders, politicians, lawmakers, and artists in a video compiled by Tibet TV, which is run by the Tibetan government-in-exile, CNN reported. (ANI)
Mint
31 minutes ago
- Mint
Deal or No Deal: Trump's 2018 tariffs on Indian steel and aluminium set to stay
Next Story Dhirendra Kumar Focus has shifted to textiles and pharmaceuticals in negotiations, with contentious metal issues postponed. India and the US have been racing to close a deal before US president Donald Trump's 9 July deadline to offer lower tariffs on US goods ends. Gift this article New Delhi: The proposed India-US bilateral agreement (BTA) is not likely to resolve the fraught issue of American tariffs on Indian steel and aluminium, two people directly involved in the process said, with days to go before the deadline for the first phase of the deal. New Delhi: The proposed India-US bilateral agreement (BTA) is not likely to resolve the fraught issue of American tariffs on Indian steel and aluminium, two people directly involved in the process said, with days to go before the deadline for the first phase of the deal. The two sides have been racing against time to dust off the deal before president Donald Trump's 9-July deadline for countries to offer lower tariffs on US goods. 'As a formal political green signal is awaited from Donald Trump following the approval of the deal's terms by the US Trade Representative, the long-standing duties on Indian metal exports—50% on steel and 50% on aluminium—will not be rolled back in this round of negotiations," said the first person cited above. Focused on incremental progress The Indian negotiating team, led by commerce ministry secretary-designate Rajesh Agrawal, returned to New Delhi on Friday after a series of intense discussions in Washington. The team focused on achieving incremental progress in priority areas such as market access for Indian textiles, pharmaceuticals and services, while setting aside contentious issues like metals and autos for future rounds. According to the second person, the tariffs are part of a broader global regime. 'Every country is facing similar duties that have been levied on steel and aluminium. India has also imposed safeguard duties. These issues were discussed, but there is no interim relief for India on this front," this person said. As per this person, both sides may revisit these tariffs in a future round of negotiations. Also read | Why India's No. 2 aluminium producer is unfazed by Trump's tariffs The Trump administration had originally imposed tariffs of 25% on steel and 10% on aluminium in 2018, citing national security concerns under Section 232 of US trade law. On 12 March 2025, Trump removed all country-specific exemptions and raised the aluminium tariff to 25%. Less than three months later, the US further doubled these tariffs to 50% for both metals, with the revised rates taking effect from 4 June. Mint reported on 3 June that India would seek the removal of US steel tariffs through trade talks rather than opting for immediate retaliation. It also reported on 5 July that the first tranche of the India-US BTA is now on Trump's desk for final approval, after being greenlit by US Trade Representative Jamieson Greer. Part of broader hike These measures are part of a broader reciprocal tariff hike by the US under Trump's second term, including a 25% tariff on imported automobiles that came into effect on 3 April. The White House order stated that the aim is to "more effectively counter foreign countries that continue to offload low-priced, excess steel and aluminium in the US". Trade analysts point out that while India has a limited export exposure to the US in steel and aluminium compared to other sectors, the continuation of high duties reflects Washington's protectionist stance and leaves little room for near-term relief. 'This signals that the US is prioritizing domestic industrial revival and employment over trade concessions, especially in politically sensitive sectors like metals," said Abhash Kumar, a trade export and assistant professor of economics at Delhi University. Also read | US news: Trump to announce 25% steel and aluminium tariffs in trade escalation The no-change in tariffs on Indian metals stands in contrast to the deal the Trump administration has struck with the UK. Under their existing bilateral trade framework, metal imports from the UK continue to face a 25% tariff, while both sides work towards a resolution involving quotas and adjusted duties. Indian industry groups had been hoping that the BTA would offer at least partial relief on these duties, especially since high tariffs erode the price competitiveness of Indian exporters in the US market. 'While metals are not among India's top exports to the US, the principle of reciprocity and fair treatment matters. Our manufacturers are competing against suppliers from countries with more favourable terms," said Arun Kumar Garodia, former chairman of the Engineering Export Promotion Council (EEPC) and director of Corona Steel, manufacturers of light engineering goods and trading. Legitimacy challenged Meanwhile, India has challenged the legitimacy of these tariffs at the World Trade Organization (WTO), arguing that they constitute safeguard measures—temporary restrictions allowed under WTO rules to protect domestic industries from import surges. In a notification to the WTO in May, India conveyed its intention to suspend concessions under the Safeguards Agreement in response to the US action. However, Washington rejected India's position. In a communication circulated to WTO members on 23 May, Washington reiterated that the tariffs were imposed under Section 232 for national security reasons and not as safeguard measures under WTO provisions. Also read | These two metal stocks may withstand Donald Trump's steel, aluminium tariffs Experts believe that WTO proceedings may not yield quick results. 'India's legal pushback at the WTO is important to maintain multilateral discipline, but realistically, dispute resolution takes time and won't immediately help exporters," said Ajay Srivastava, a former Indian Trade Service official and co-founder of the Global Trade Research Initiative (GTRI). Queries sent to the commerce ministry remained unanswered at press time. As per the GTRI report, in FY2025, India exported $4.56 billion worth of iron, steel, and aluminium products to the US. This included $587.5 million in iron and steel, $3.1 billion in articles of iron or steel, and $860 million in aluminium and related articles. These products now face sharply higher tariffs, that could make it difficult for Indian exporters to remain competitive. Topics You May Be Interested In Stay updated with the latest Trending, India , World and United States news. Follow all the latest updates on Israel Iran Conflict here on Livemint.
