Business
Elon Musk package: Tesla board files $1 trillion Musk pay plan if 12 goals met; targets include robotaxis, AI bots – The Times of India
Tesla CEO Elon Musk could be in line for a payout worth as much as $1 trillion if the electric carmaker meets a series of highly ambitious targets over the next decade, according to a regulatory filing released on Friday, the news agency AP reported.The proposed package includes a dozen share tranches linked to goals ranging from vehicle deliveries to market valuation. Tesla would need to hit a $2 trillion market cap, deliver 20 million cars, deploy one million robotaxis, and roll out one million AI-powered bots early in the plan. Musk must stay with the company for at least seven and a half years to cash out on any stock, and 10 years to receive the full amount.The filing also noted that the 11th and 12th tranches require Musk to present a framework for succession planning. The EV maker’s annual shareholders’ meeting is scheduled for November 6. At its last meeting in June 2024, investors restored Musk’s earlier $44.9 billion pay package that had been struck down by a Delaware court.The targets come as Tesla battles declining sales, intensifying competition from Detroit rivals and China’s BYD, and a sharp erosion in its European market share. The European Automobile Manufacturers’ Association reported Tesla sales in the EU plunged 40% year-on-year in July, dropping its market share to 0.7% while BYD rose to 1.1%.Tesla’s financials have also faltered. Quarterly profit fell to $409 million from $1.39 billion a year earlier, with revenue missing Wall Street’s lowered forecasts. Investors have expressed concern about Musk’s focus, with the billionaire spending much of this year in Washington as a prominent figure in President Donald Trump’s administration.Despite the turbulence, Tesla said the package was designed to “retain and incentivize Elon” and align his performance with shareholder value. Last month, Tesla awarded Musk a $29 billion stock grant as a “first step” in retaining him, even as a Delaware judge revoked his 2018 pay deal for a second time. Tesla has appealed the ruling.Tesla shares rose nearly 2% in premarket trading on Friday following the filing.
Business
After 25 Bps Cut, India At 5.25%: How Policy Rates Compare Across BRICS, US And Other Economies
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At 5.25%, India’s policy rate is higher than the US, UK and Eurozone but far below Brazil and Russia, which still run double-digit rates to fight inflation pressures.
RBI cuts repo rate by 25 bps to 5.25 per cent
India’s Central bank has shifted gears to support the economic momentum and ease lending with a rate cut of 25 basis points in the latest Monetary Policy Committee (MPC) meeting between December 3 to 5. The latest lending benchmark – repo rate – stood at 5.25 per cent after Friday’s 25 bps cut from 5.50 per cent.
The Reserve Bank of India (RBI) governor, Sanjay Malhotra, in his speech on Friday, termed the current economic situation as ‘rare goldilocks period’, stating that inflation is at a benign 2.2 per cent and growth at 8.0 per cent in H1:2025-26.
The standing deposit facility (SDF) rate under the liquidity adjustment facility (LAF) now adjusted to 5.00 per cent and the marginal standing facility (MSF) rate and the Bank Rate to 5.50 per cent. The MPC also decided to continue with the neutral stance.
The repo rate is the interest rate at which banks borrow money from the RBI. When banks face a shortage of cash, they borrow from the RBI by pledging government bonds. The interest the RBI charges on this borrowing is known as the repo rate. If the RBI raises the repo rate, borrowing becomes costlier for banks. If it lowers the rate, banks can access funds more cheaply.
The policy rate is a critical monetary tool utilised by the banks to control money flow into the economy. The Central banks of different countries seek to strike a balance to keep the economic growth momentum and stop inflation from getting out of control.
Comparison of Different Policy Rates As Of Now In Major Economies:
| Country | Interest Rate (Policy Rate) |
| United States | 4.00 % |
| United Kingdom | 4.00 % |
| Eurozone (ECB) | 2.15 % |
| India (RBI) | 5.25 % |
| Japan (BoJ) | 0.50 % |
| Australia (RBA) | 3.60 % |
| Canada (BoC) | 2.25 % |
| China (PBoC) | 3.00 % |
| Brazil (BCB) | 15.00 % |
| Russia (CBR) | 16.50 % |
India’s policy rate stood in align with the developed economies such as USA and UK, while a way too below in comparison to BRICS countries. For instance, Brazil and Russia’s policy rates are in the double digit – 15% and 16.50% respectively, due to run away inflation.
Click here to add News18 as your preferred news source on Google. December 06, 2025, 09:34 IST
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On December 6, 2025, OMCs updated petrol and diesel prices across cities like New Delhi, Mumbai, and Chennai, reflecting global crude oil trends, taxes, and currency rates.
Petrol, Diesel Prices On December 6
Petrol and Diesel Prices on December 6, 2025: OMCs update petrol and diesel prices daily at 6 AM, aligning them with fluctuations in global crude oil prices and currency exchange rates. This daily revision promotes transparency and ensures consumers have access to the most up-to-date and accurate fuel prices.
Petrol Diesel Price Today In India
Check city-wise petrol and diesel prices on December 6:
| City | Petrol (₹/L) | Diesel (₹/L) |
|---|---|---|
| New Delhi | 94.72 | 87.62 |
| Mumbai | 104.21 | 92.15 |
| Kolkata | 103.94 | 90.76 |
| Chennai | 100.75 | 92.34 |
| Ahmedabad | 94.49 | 90.17 |
| Bengaluru | 102.92 | 89.02 |
| Hyderabad | 107.46 | 95.70 |
| Jaipur | 104.72 | 90.21 |
| Lucknow | 94.69 | 87.80 |
| Pune | 104.04 | 90.57 |
| Chandigarh | 94.30 | 82.45 |
| Indore | 106.48 | 91.88 |
| Patna | 105.58 | 93.80 |
| Surat | 95.00 | 89.00 |
| Nashik | 95.50 | 89.50 |
Key Factors Behind Petrol and Diesel Rates
Petrol and diesel prices in India have remained unchanged since May 2022, following tax reductions by the central and several state governments.
Oil Marketing Companies (OMCs) update fuel prices daily at 6 am, adjusting for fluctuations in global crude oil markets. While these rates are technically market-linked, they are also influenced by regulatory measures such as excise duties, base pricing frameworks, and informal price caps.
Key Factors Influencing Fuel Prices in India
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Crude Oil Prices: Global crude oil prices are a primary driver of fuel prices, as crude is the main input in petrol and diesel production.
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Exchange Rate: Since India relies heavily on crude oil imports, the value of the Indian rupee against the US dollar significantly affects fuel costs. A weaker rupee typically translates to higher prices.
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Taxes: Central and state-level taxes constitute a major portion of retail fuel prices. Tax rates vary across states, leading to regional price differences.
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Refining Costs: The cost of processing crude oil into usable fuel impacts retail prices. These costs can fluctuate depending on crude quality and refinery efficiency.
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Demand-Supply Dynamics: Market demand also influences fuel pricing. Higher demand can push prices up as supply adjusts to consumption trends.
How to Check Petrol and Diesel Prices via SMS
You can easily check the latest petrol and diesel prices in your city through SMS. For Indian Oil customers, text the city code followed by “RSP” to 9224992249. BPCL customers can send “RSP” to 9223112222, and HPCL customers can text “HP Price” to 9222201122 to receive the current fuel prices.
Click here to add News18 as your preferred news source on Google. December 06, 2025, 07:47 IST
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Kolkata: 106-year-old Kesoram Industries, once the flagship of the B K Birla group, is being acquired by Frontier Warehousing, a city-based storage and logistics solutions company. The total value of the acquisition, as per stock exchange filings, would be close to Rs 100 crore.Frontier-owner Gautam Agarwal, told TOI he is drawing up plans for Kesoram, which now has transparent paper, rayon, and chemicals businesses.Frontier proposed to launch an open offer late on Thursday for the acquisition of 26% stake in Kesoram at Rs 5.5 per share, aggregating to a consideration of Rs 44.2 crore. On Friday, Kesoram’s share on BSE was up 19%. — Udit Prasanna Mukherjee
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