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Business Standard
11 minutes ago
- Business Standard
Tesla's money man Vaibhav Taneja joins Musk's America Party as treasurer
Tesla's Chief Financial Officer, Vaibhav Taneja has been appointed the Treasurer and Custodian of Records for Elon Musk's newly formed political organisation, the America Party. Taneja's appointment comes a day after Elon Musk announced the formation of the America Party. The move follows a public disagreement with US President Donald Trump over the passage of a massive tax-cut and spending bill, the Financial Express reported. The legislation — called the 'One, Big, Beautiful Bill' by Trump — was signed last week. Musk, however, criticised the bill as 'fiscally irresponsible' and a 'betrayal' of efforts to reduce the size of government. Who is Tesla's money man Vaibhav Taneja? Indian-origin Vaibhav Taneja (47) is a Chartered Accountant and a commerce graduate from the University of Delhi. His career began at PricewaterhouseCoopers (PwC), where he worked for 17 years in both India and the US from 1999 to 2016. He later joined SolarCity Corporation in 2016 as Vice-President and Corporate Controller. That same year, following Tesla's acquisition of SolarCity, Taneja played a key role in integrating the accounting operations of the two companies. He joined Tesla in 2017 and rose steadily through the ranks, becoming Chief Accounting Officer in 2019 and Chief Financial Officer in August 2023. Taneja has also served as Director of Tesla India Motors and Energy Private Limited since 2021. Musk launches new political party Musk unveiled the party on his social media platform X, citing an online poll in which 65.4 per cent of respondents supported the idea of launching a new political party. 'By a factor of 2 to 1, you want a new political party and you shall have it! When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy. Today, the America Party is formed to give you back your freedom,' Musk posted on X. By a factor of 2 to 1, you want a new political party and you shall have it! When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy. Today, the America Party is formed to give you back your freedom. — Elon Musk (@elonmusk) July 5, 2025 On July 1, after the tax and spending bill was passed in the Senate, Musk posted on X, 'If this insane spending bill passes, the America Party will be formed the next day. Our country needs an alternative to the Democrat-Republican uniparty so that the people actually have a VOICE.' After Musk announced the launch of his new party, Trump on Sunday brushed off Elon Musk's newly formed America Party, calling it 'ridiculous' and reaffirming his belief in the traditional two-party structure, Bloomberg reported. Musk exits Trump orbit, sparks shift When asked about Musk's announcement, Trump said, 'We've had tremendous success with the Republican Party. The Democrats have lost their way, but it's always been a two-party system.' He went on to say that 'starting a third party just adds to the confusion' and added, 'Third parties have never worked. He can have fun with it.' The world's richest man, once a prominent political donor to Donald Trump during the 2024 campaign, has gradually distanced himself from Trump. Musk previously led Trump's short-lived Department of Government Efficiency (DOGE) but resigned from the role in May this year. Since stepping down, Musk has become increasingly vocal in his criticism of Republican lawmakers and has warned that he may support an alternative political movement if Trump's allies persist in backing his key economic proposal.
India Gazette
16 minutes ago
- India Gazette
Bihar Assembly Polls: PM Narendra Modi to visit Motihari on July 18
Patna (Bihar) [India], July 7 (ANI): Prime Minister Narendra Modi will visit Motihari in Bihar on July 18, Bihar BJP chief Dilip Kumar Jaiswal said on Monday. This will mark PM Modi's 53rd visit to Bihar. Dilip Kumar Jaiswal told reporters, 'On 18th July, PM Modi will visit Bihar's Motihari. This will be the PM's 53rd visit to the state. PM Modi's visit to the state is for Viksit Bihar.' PM Modi's visit comes ahead of the upcoming state assembly elections. The Bihar elections are expected to be held later this year, in October or November; however, the Election Commission of India (ECI) has not yet announced the dates. Meanwhile, PM Modi addressed the session on 'Peace and Security and Reform of Global Governance' at the 17th BRICS Summit in Brazil, condemned terrorism as a 'grave threat to humanity', underlining the need for urgent reforms in global institutions and highlighting India's commitment to the Global South, according to the Ministry of External Affairs (MEA). MEA Secretary (Economic Relations) Dammu Ravi, during a special media briefing on Sunday (local time), said the Prime Minister's remarks came in the context of discussions on peace, security and multilateral reforms. PM Modi also welcomed the united condemnation by BRICS members of the April 22 terror attack in Pahalgam. 'On the session on Peace and Security, the Honourable Prime Minister underlined that terrorism was a grave threat facing humanity. In this context, he noted that all the leaders have condemned the Pahalgam terrorist attack in the strongest terms. He underlined that the terror attack is an onslaught on the entire humanity. He also noted that those funding, promoting and providing safe havens to terrorists must be dealt with in the harshest terms,' Ravi said. Ahead of PM Modi's visit to Bihar, Union Railway Minister Ashwini Vaishnaw will inaugurate rail projects worth over Rs 17 crore in Bihar on Monday. He will also lay the foundation for the upgradation of Karpoori Gram Railway Station. Press Information Bureau (PIB) Patna wrote on X, 'Union Railway Minister @AshwiniVaishnaw will inaugurate rail projects worth over Rs 17 crore in #Bihar's #Samastipur today. The Railway Minister will also lay the foundation stone for the upgradation work of #KarpooriGramRailwayStation at a cost of Rs 3.30 crore.' (ANI)
India Gazette
18 minutes ago
- India Gazette
PM Modi thanks Malaysia, Cuba for for condeming Pahalgam terror attack: MEA
Rio de Janeiro [Brazil], July 7 (ANI): MEA Secretary (Economic Relations) Dammu Ravi said on Sunday (local time) that Prime Minister Modi also held a bilateral meeting with Malaysian Prime Minister Anwar Ibrahim, where he thanked the latter for the condemnation of the Pahalgam terror attack. 'Honourable Prime Minister also had bilateral meetings. One he had with the Prime Minister of Malaysia, wherein the Prime Minister thanked. Prime Minister Ibrahim for his strong condemnation of the Pahalgam terror attack,' the MEA official said. Ravi added that the two leaders also discussed the ASEAN-India Free Trade Agreement. 'The two leaders also discussed cooperation in the multilateral arena and regional security. Prime Minister congratulated Malaysia for its successful stewardship of ASEAN and welcomed its continued support for a strengthened ASEAN-India Comprehensive Strategic Partnership. And the successful completion of the review of the ASEAN India FTA,' he said. PM Modi also met President of Cuba Miguel Diaz-Canel Bermudez, discussed bilateral issues and talked about the adoption of UPI in Cuba. 'The 2nd meeting that he had was with the President of Cuba, His Excellency Miguel Diaz-Canel Bermudez, and both leaders talked about bilateral issues and exchanged ideas on further economic cooperation between the two countries. Very clearly in this meeting, India's digital public infrastructure and UPI- unified payment interoperability, these proposals, initiatives of India, which are low-cost cost came up. Cuba showed a lot of interest in looking into it and seeing how much it can benefit from those,' he said. Ravi added that PM Modi also discussed the integration of traditional Indian Ayurveda in Cuba. 'Another item that came in in the discussion was Cuba's possible recognition of Ayurveda and extended support for integrating it into Cuba's public health system. There was also a suggestion for Cuba to recognise the Indian pharmacopoeia, which will benefit in terms of giving access to India's generic medicines to the Cuban national healthcare system. So these are broadly the discussions that happened in the bilaterals,' he said. He added that Prime Minister Modi also had pull-asides with South African President Cyril Ramaphosa and Prime Minister of Vietnam, Pham Minh Chinh. 'In addition, the Prime Minister also had pull-asides with President Ramaphosa of South Africa and the Prime Minister of Vietnam. So broadly, these are today's highlights,' he said. (ANI)
