Finance
Gov. Landry asks ethics board to waive $100 fine over late campaign finance report • Louisiana Illuminator
![Gov. Landry asks ethics board to waive 0 fine over late campaign finance report • Louisiana Illuminator Gov. Landry asks ethics board to waive 0 fine over late campaign finance report • Louisiana Illuminator](https://lailluminator.com/wp-content/uploads/2024/07/IMG_5955-scaled.jpg)
Gov. Jeff Landry has asked the Louisiana Board of Ethics to waive a $100 fine for filing his 2023 annual campaign finance report late by one day in February.
The request comes a few months after the governor, who has been at odds with the ethics board for years, signed a law that gives him more control over picking ethics board members.
Landry’s spokeswoman in the governor’s office, Kate Kelly, said his campaign submitted the report in question on time, but it failed to transmit. When the ethics staff sent a notice the following day saying it had not been filed, the campaign submitted it again.
State law requires the ethics board to automatically fine candidates for major political offices $100 per day when they turn in campaign reports late. Landry is disputing that he missed the initial deadline.
“I hope one day the Illuminator can report on stories that actually matter to the people of Louisiana,” Kelly responded in a text message to questions about the fine.
Earlier this year, Landry signed a new law to reduce a similar late fee for local government candidates and legislators when they miss campaign finance report deadlines. The law change wouldn’t affect the penalties Landry faces as governor but lessens overall collections for this type of violation.
The $100 fine is also just the latest in a string of conflicts Landry has had with the ethics board.
The governor is in an ongoing legal dispute with the board over whether flights he took as attorney general on a political donor’s plane should have been publicly disclosed. In 2022, the board also reprimanded Landry for using his campaign funds to pay his car loan.
Another new law that gives the governor more freedom to appoint who he wants to the ethics board will take effect in January.
The current board is scheduled to vote Friday on whether to waive Landry’s $100 fee.
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Finance
Broncos CEO Greg Penner named to NFL’s finance committee, source says
![Broncos CEO Greg Penner named to NFL’s finance committee, source says Broncos CEO Greg Penner named to NFL’s finance committee, source says](https://www.denverpost.com/wp-content/uploads/2024/08/TDP-L-broncospark082924-cha-496.jpg?w=1024&h=683)
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.
The Walton-Penner Family Ownership Group purchased the Broncos in August 2022 and since then has wasted little time getting involved in league matters.
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Originally Published:
Finance
Israel Finance Minister Commits to Cutbacks to Help Fund War
![Israel Finance Minister Commits to Cutbacks to Help Fund War Israel Finance Minister Commits to Cutbacks to Help Fund War](https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iEsw9Yu..Dng/v1/1200x800.jpg)
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.
Finance
Bajaj Housing Finance Prepares For $6.94 Billion IPO
![Bajaj Housing Finance Prepares For .94 Billion IPO Bajaj Housing Finance Prepares For .94 Billion IPO](https://finimize-img.imgix.net/https%3A%2F%2Fchivas-assets.s3-eu-west-1.amazonaws.com%2Fstatic%2Fimages%2Fdefault_prefix-img-1QiXqoVvDHilVKpKy68gHHXT.png?ixlib=python-3.1.2&s=ddfcfe5cdc2d3a9960313409a9614f41)
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.
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