Broncos owner and CEO Greg Penner is adding to his league portfolio.

Penner was added to the NFL’s finance committee late last week, a league source confirmed to The Denver Post, making four committees that the Denver owner now sits on.

Penner recently helped a special committee on ownership rules come to a recommendation that the league allow a small set of private equity firms to take up to 10% stakes in teams. Not long after the meeting that led to that rule change, the Walmart chairman joined the league’s finance committee.

Penner also sits on the league’s compensation and business ventures committees while Carrie Walton Penner, his wife and fellow Broncos owner, is on the NFL’s diversity, equity and inclusion committee along with the NFL Foundation.

Israeli Finance Minister Bezalel Smotrich said higher war spending would be financed through budget cutbacks and increased revenues rather than a wider deficit, the outline of a long-delayed fiscal plan.

The target fiscal gap for 2025 will be reduced to 4% of gross domestic product, requiring budgetary adjustments of at least 35 billion shekels ($9.5 billion), Smotrich said at a press conference in Jerusalem Tuesday. He declined to elaborate, saying he still needs to present his plans to Prime Minister Benjamin Netanyahu and other ministers.

What’s going on here?

Bajaj Housing Finance is eyeing a whopping $6.94 billion valuation through its upcoming initial public offering (IPO) set to launch on September 9.

What does this mean?

This IPO aims to raise $782 million via a price band of 66-70 rupees per share. Running from September 9 to 11, it marks one of India’s biggest IPOs this year, right behind Ola Electric Mobility and Bharti Hexacom. Bajaj Housing Finance plans to issue new shares worth up to 35.60 billion rupees to bolster its capital base while Bajaj Finance will sell shares worth up to 30 billion rupees. As of August 28, over 200 companies have cumulatively raised $7.11 billion through IPOs this year, more than double last year’s figure for the same period.

Why should I care?

For markets: India’s IPO wave continues.

India’s IPO market is red-hot, and Bajaj Housing Finance’s massive $6.94 billion valuation is set to keep the momentum going. With a successful IPO, it would join the ranks of Ola Electric Mobility and Bharti Hexacom. This influx of IPOs, raising a total of $7.11 billion so far this year, signals a robust investor appetite and continuing confidence in the Indian market.

The bigger picture: Regulatory nudges and robust growth.

The Reserve Bank of India compelled non-bank lenders with over 500 billion rupees in assets to list by September 2025, a regulation that helped set Bajaj Housing Finance on this IPO path. Reporting a profit after tax of 17.31 billion rupees in the fiscal year ending March 2024, up 38% year-on-year, and a 34% rise in total revenues, Bajaj’s strong financials underpin this listing, showcasing the health and growth potential of India’s housing finance industry.