Latest news with #Ghost
Yahoo
an hour ago
- Business
- Yahoo
Keurig Dr Pepper quarterly revenue beats expectations fueled by US demand
(Reuters) -Keurig Dr Pepper reported second-quarter slightly revenue above Wall Street expectations on Thursday, driven by strong demand for its energy drinks and soft beverages, especially in the U.S. WHY IT IS IMPORTANT The Snapple maker enjoyed resilient demand for its higher-priced ready-to-drink beverages, including Yoo-Hoo and Crush, and through the popularity of its majority-owned energy-drink maker, Ghost. The company's results mirror those of bigger rivals PepsiCo's and Coca-Cola's, both of which recently beat quarterly estimates on strong demand. KEY QUOTE "Though the back half will present new challenges, we are on track to deliver our 2025 outlook," said CEO Tim Cofer. MARKET REACTION Shares of Keurig Dr Pepper, which rose about 4% so far this year, were flat in premarket trading. CONTEXT Instability arising from U.S. President Donald Trump's fluctuating tariff policies and the resulting trade tensions has led to a decline in consumer spending. Keurig also faces a direct risk from tariffs on its business in Canada and Mexico, especially due to the Canadian boycott of U.S. products, and the impact of tariff-driven coffee prices. BY THE NUMBERS Net sales for the quarter rose 6.1% to $4.16 billion, compared with estimates of $4.14 billion, according to data compiled by LSEG. Keurig Dr Pepper posted an adjusted profit of 49 cents per share, in line with analysts' estimates. The Sun Drop maker's volumes grew 5% compared to a 1.8% rise a year ago, with Ghost contributing 4 percentage points to the volume growth. Net sales in the U.S. beverages segment rose 10.5% compared to a 3.3% rise in the year-ago quarter. The company continues to expect annual net sales to grow in the mid-single-digit range and adjusted profit to grow in the high-single digits. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hindustan Times
7 hours ago
- Automotive
- Hindustan Times
Bollywood Rolls-Royces rack up huge fines in Bengaluru, but here's the twist: Report
Bengaluru transport authorities have shed a spotlight on two luxury Rolls-Royce vehicles — one formerly owned by Amitabh Bachchan and the other by Aamir Khan — thanks to a whopping ₹38 lakh in fines slapped on them in the city. But contrary to the buzz, neither celebrity currently owns these high-end cars, a report by the Mint stated. The current owner, Yusuf Sharif, failed to update registration documents, causing the fines for operating on non-Karnataka plates.(@dir_ed) Why were these luxury cars fined? What appeared to be a case of Bollywood glitz running afoul of the law soon turned out to be a paperwork mess. The two Rolls-Royce cars, initially registered in the names of the film industry superstars, were each hit with massive fines: over ₹18 lakh for one and ₹20 lakh for the other. Meet the real owner: 'KGF Babu' Both prized vehicles now belong to Yusuf Sharif, a Bengaluru-based businessman and political figure popularly known as 'KGF Babu,' in tribute to his roots in the famous mining town of Kolar Gold Fields. The catch? Although Sharif purchased the Phantom from Amitabh Bachchan and the Ghost from Aamir Khan years ago, he never updated the official registration documents, so the cars remained linked to their celebrity sellers. READ | Worm found in pongal at Rameshwaram Cafe's Bengaluru airport outlet, owners cry foul Yusuf Sharif, whose journey began as a scrap dealer before entering real estate, has made headlines not just for his cars but also for his political and financial clout. When he contested the 2021 Karnataka Legislative Council elections, Sharif disclosed that his family's assets exceeded ₹1,744 crore. Why did the authorities step in? Phantom (Big B's former car has been on Bengaluru streets since 2021, while Ghost (Khan's former car), was relocated to the city in 2023. Both vehicles continued to use Maharashtra registration plates, drawing the attention of Bengaluru's transport authorities. READ | BJP MLA Byrathi Basavaraj interrogated once more in Bengaluru rowdy's murder case: Report Authorities discovered that the cars had overstayed the legal one-year period on non-Karnataka plates, and both vehicles were operated in Karnataka for over a year without paying the required local road tax. Although the Phantom had previously escaped penalties for non-payment of state tax in 2021 due to being new to the city, the extended stays triggered significant fines this time around. In this light, Phantom, the Rolls-Royce that had belonged to Amitabh Bachchan, was fined ₹18.53 lakh, while Ghost (Aamir Khan's former car), was fined ₹19.73 lakh.
Indian Express
8 hours ago
- Automotive
- Indian Express
Bengaluru businessman fined Rs 38 lakh for evading road tax for Rolls-Royce cars linked to Amitabh Bachchan, Aamir Khan
Karnataka transport officials Wednesday fined a Bengaluru businessman over Rs 38 lakh for driving a Rolls-Royce Phantom once owned by Bollywood actor Amitabh Bachchan and a Rolls-Royce Ghost previously belonging to Aamir Khan without paying the local road tax in the state. The luxury cars were found during an enforcement drive at the house of businessman-politician Yusuf Sharif, also known as KGF Babu. The operation was led by M Shobha, Joint Transport Commissioner, Regional Transport Officer (RTO), along with other officers. Officials found a Rolls-Royce Phantom bearing registration number MH02-BB-0002, registered in the name of actor Amitabh Bachchan, and a Rolls-Royce Ghost with registration number MH11-AX-0001, registered to Hardwyn India Inc, but reportedly originally belonging to actor Aamir Khan. According to RTO officials, both vehicles are now owned and regularly used by Sharif, who purchased them a few years ago from the Bollywood actors but failed to transfer ownership to his name. Transport department officials indicated that the Rolls-Royce Phantom has been in Bengaluru since 2021, and the Ghost since 2023. Officials added that Sharif was using the cars without paying the applicable state road tax in Karnataka. The transport department fined Rs 19.73 lakh for the Ghost, and Rs 18.53 lakh for the Phantom, both for long-term use of out-of-state vehicles in Karnataka without payment of local taxes — a violation under the Karnataka Motor Vehicles Taxation Act. However, officials did not seize the vehicles as the tax had been paid during the enforcement drive. Sharif made national headlines in 2021 when his Rolls-Royce car, worth Rs 2.01 crore (according to an affidavit) and which he bought second-hand from Amitabh Bachchan, was seized by RTO officials for road tax violation. The Income Tax department also conducted a search on his premises over tax evasion of Rs 13.43 crore. Sharif is a controversial figure with a rags-to-riches background. A native of Kolar Gold Fields (KGF), the mining town that inspired the blockbuster Kannada film series KGF, he earned the nickname 'KGF Babu'. From selling scrap in his early years, Sharif rose to become a real estate baron. Some detractors, however, claim Sharif has acquired his riches by stealing gold from KGF using muscle power. Sharuf has denied the allegations, and credits hard work for his wealth. In the 2021 Karnataka Legislative Council elections, he contested from the Bangalore Urban local authorities' constituency, declaring assets worth over Rs 1,744 crore belonging to himself and his family — one of the largest known declarations in the state. Sharif has four criminal cases pending against him, three of which he claims were based on allegations made while developing properties for his real estate business.
India.com
17 hours ago
- Automotive
- India.com
Bad news for Amitabh Bachchan, Aamir Khan as their old luxury cars fined Rs 38 lakhs due to...
Bad news for Amitabh Bachchan, Aamir Khan as their old luxury cars fined Rs 38 lakhs due to... The Regional Transport Office (RTO) in Bengaluru have reportedly fined two Rolls-Royce cars once owned by Bollywood icons Amitabh Bachchan and Aamir Khan for staggering Rs 38 lakh. Though the cars are still officially registered in their names, but they are no longer in actors' possession. Who is the current owner of Rolls-Royce cars? Both the luxury cars are now owned by Yusuf Sharif, a local businessman and politician better known as 'KGF Babu', a nickname owning to his roots in the mining town of Kolar Gold Fields- also inspired by the popular Kannada film series KGF. According to NDTV, Sharif purchased Rolls-Royce from Amitabh Bachchan and Aamir Khan a few years back, but never officially transferred the ownership on paper, leaving official registration under their names. According to RTO sources, Amitabh Bachchan's Phantom, has been using around Bengaluru since 2021, while the Ghost- previously owned by Aamir Khan, has been actively running since 2023. 'KGF Babu' handed heavy fine of Rs… Officials found that the Rolls-Royce car once owned by Amitabh Bachchan was flagged in 2021 for not paying road taxes. However, at that time it didn't complete a year in Bengaluru, so it was let go without penalty. But now both cars have been used in the city beyond one year, which violates city's transportation rules, resulting in hefty fines for current owner Yusuf Sharif. Rolls Royce Phantom was fined for Rs 18.53 lakh, while Ghost was fined Rs 19.73 lakh, for over-usage without payment of Karnataka's road tax. In 2021, Sharif who contested Karnataka Legislative Council elections from the Bangalore Urban local authorities' constituency, had announced over Rs 1,744 crore assets for himself and his family at the time.
USA Today
17 hours ago
- Entertainment
- USA Today
Miss Ghost and Tommy? What to know so far about 'Power: Origins' spinoff
The "Power Universe" continues to expand. "Power: Origins," the newest installment to the hit crime series on Starz, is officially in development, the premium cable network announced on July 22. The show will be the fourth spinoff of the television franchise, executive produced by Curtis "50 Cent" Jackson. It follows the flagship series "Power," created by Courtney Kemp, which concluded in 2020. It starred actor Omari Hardwick as James "Ghost" St. Patrick − a drug dealer turned businessman trying to navigate his criminal enterprise while building a legitimate reputation in New York City. Other extensions, "Power Book II: Ghost," "Power Book III: Raising Kanan" and "Power Book IV: Force" came soon after. "Force" is centered around Ghost's right-hand man Tommy Egan, played by Joseph Sikora, who took off to Chicago for a new start. More: 'Power Book III: Raising Kanan' star Patina Miller discusses season 4, her return as Raq How many episodes will 'Power: Origins' Season 1 have? "Power: Origins" will focus on the beginnings of Ghost and Tommy, or as showrunner Sascha Penn calls them, "the Power Universe's founding fathers." "Ghost and Tommy's backstories have fueled years of constant fascination and speculation among fans, and I'm thrilled to be able to answer some long-held questions and share new layers of the story that viewers won't see coming," Penn, also a writer and executive producer, said in a press release. Starz ordered 18 episodes for the highly anticipated prequel. According to Starz, actor Mekai Curtis, who plays protagonist adolescent Kanan Stark on "Raising Kanan," will return to his role in the spinoff. According to The Hollywood Reporter, young Ghost and Tommy have not been cast yet. "A fun, rambunctious exploration of a new time period in the 'Power' franchise, 'Power: Origins' will highlight the unbridled audacity of young men on the rise, determined to become legends in the game," Starz said. Which 'Power' spinoffs are headed to their final seasons? The third and final season of "Power Book IV: Force" is slated to air in the fall, Starz said. "Very grateful to the people over at Starz for keeping it going and listening to the fans, this army of fans around the world," Sikora previously told USA TODAY. The fourth season of "Power Book III: Raising Kanan" aired earlier in 2025. The conclusion to the show has already been shot and will end with Season 5. An air date has not been announced. "There is still an exceptionally intense and action-packed season left for the viewers to experience, and I assure you that the stakes for Kanan and the entire Thomas family have never been higher," Penn wrote in an Instagram post. Taylor Ardrey is a news reporter for USA TODAY. You can reach her at tardrey@
