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    Europe uses subsidies, taxes and policy pauses to offset pain of high fuel prices
    Loyalty Juggernaut Advances Responsible AI with ISO/IEC 42001 Certification
    Draft Warehousing Operations Regulations, 2026 - uploading on the CBIC website for inviting comments/views/suggestions from stakeholders
    From Digital Banking to Resilient Banking – Technology, Cyber Security and AI as Pillars of Trust - Address by Shri Rohit Jain, Deputy Governor at t...
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September 25, 2026
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Stakeholder consultation on draft warehousing operations regulations requires structured comments submitted electronically within the prescribed consultation period.
Stakeholder consultation on the draft Warehousing Operations Regulations, 2026 is initiated through public-domain publication on the CBIC website. Comments, views and suggestions must be submitted within 15 days in a structured format identifying the relevant regulation number and title, proposed modification, and supporting reasons or remarks. Responses must be sent through the specified email channels in MS Word, a compatible format, or machine-readable PDF format.
September 25, 2026
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Technology risk governance requires banks to retain accountability, test resilience, and govern artificial intelligence before scaling financial services.
Technology risk governance must treat technology architecture as a first-order enterprise risk, alongside conventional financial risks, because the availability and integrity of core banking, payments, onboarding, credit, fraud-monitoring and reporting systems determine whether customers can access essential financial services. Banks may outsource technology functions but retain accountability for access controls, concentration, recoverability, data protection and exit options. Effective resilience requires secure architecture, asset visibility, timely remediation of vulnerabilities and legacy systems, identity and access management, effective controls, third-party oversight, post-incident learning, and regular recovery testing.
September 25, 2026
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Global value chain integration advances trade partnerships, semiconductor capacity, and deep-tech innovation within broader economic engagement.
India's global economic engagement prioritises trade and economic partnerships to strengthen participation in global value chains and supply chains, facilitating cross-border movement of goods and services. The approach is linked to projected semiconductor demand and development of artificial-intelligence capabilities, alongside innovation, deep-tech startup support and private-sector space activity. The startup ecosystem is described as having expanded substantially, with current policy emphasis on deep-tech innovation and participation in global markets.
September 25, 2026
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Trade agreement review targets balanced, user-friendly, trade-facilitative rules to address asymmetries and strengthen regional commerce.
The ongoing review of the ASEAN-India Trade in Goods Agreement seeks to enhance trade flows, address trade asymmetries, and deliver a balanced, effective, user-friendly, and trade-facilitative arrangement for businesses. It forms part of India's commitment to mutually beneficial trade partnerships and regional trade arrangements.
September 24, 2026
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Portfolio management reforms broaden permitted investments, establish independent fund managers, and retain registered managers' responsibility for client portfolios.
Portfolio-management reforms replace the 2020 framework and expand investments into IPOs, primary-market debt, listed overseas equity and debt, and direct plans of Indian mutual fund schemes. Investment-grade unlisted non-convertible debt may comprise up to 10 per cent of client assets under management with client consent. Independent Fund Managers may operate with registered portfolio managers, which retain responsibility and liability. Accredited-investor eligibility is broadened, while specified compliance requirements are relaxed where adequate audit trails and internal controls exist.
September 24, 2026
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Merchant discount rate on UPI merchant payments may be treated as a taxable payment settlement service with input credit availability.
GST treatment of MDR charged on UPI merchant payments above Rs 2,000 is to be considered by the GST Council. The MDR framework imposes a merchant-borne charge for payment processing and settlement. As these activities are services, MDR may attract GST at 18 per cent, subject to the Council's view. Merchants paying GST on MDR may claim input tax credit, potentially reducing their net tax burden.
September 24, 2026
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Fiscal responsibility limits frame cautions on new projects as budgetary discipline rather than financial crisis.
Finance-department advice treats fiscal indicators as grounds for restraint in approving additional expenditure rather than as evidence that funds are unavailable. Funding new projects may be difficult until additional resources are mobilised or allocations already approved are reallocated. Project proposals lacking budgetary provision or earmarked funding may create cash-flow pressures and fiscal-management challenges, requiring deferment until resources are finalised.
September 24, 2026
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Corporate document forgery allegations trigger investigation into unauthorised insolvency consortium participation and disputed share transfers.
An FIR concerns alleged cheating, forgery, criminal conspiracy, corporate-document misuse, and unauthorised financial liabilities arising from participation in a corporate insolvency resolution process. Allegations include entering a consortium arrangement without the Parekh Group's knowledge or authorisation, reliance on a fabricated and unapproved board resolution, and unauthorised transfer of shares to a group-controlled entity. Investigation covers disputed-record authenticity, alleged digital-signature misuse, and financial transaction trails.
September 24, 2026
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Energy security shapes continued Russian crude sourcing as alternative suppliers replace shortfalls amid potential sanctions-related restrictions.
Russian crude imports are operating near 1.8 million barrels daily in September, with refinery maintenance, stronger Chinese buying, and disruptions to Russian export infrastructure constraining availability. Middle Eastern supply, especially from Iraq and Saudi Arabia, has offset reduced Russian volumes. Potential tougher restrictions on countries purchasing Russian oil could complicate procurement, but energy security and tight physical oil markets make a significant near-term reduction in Russian crude purchases unlikely. Replacement remains technically possible but may raise procurement costs and competition for medium-grade crude.
September 24, 2026
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Direct tax payment gateway integration enables nationwide payments through digital options, branch channels, and customers' respective internet-banking services.
IDFC FIRST Bank's payment-gateway integration for Central Board of Direct Taxes collections enables Direct Tax payments through UPI, credit cards, debit cards, Retail and Corporate Internet Banking, and branch-based cheque, demand draft, or cash payments. Customers of other banks may use their own internet-banking facilities through the gateway. Taxpayers create a challan on the Income Tax e-Filing Portal, select Payment Gateway and IDFC FIRST Bank, choose a payment mode, complete payment, and download or print the paid challan. Payment confirmations are also accessible.
September 24, 2026
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Insurance distribution controls target commissions, expenses and loan-linked sales, reshaping bancassurance arrangements and intermediary remuneration structures.
IRDAI's consultation proposals for insurance distribution contemplate lower Expenses of Management limits, tighter commission controls, and greater control over loan-linked insurance practices. The prospective framework concerns insurer and intermediary remuneration, distribution expenses, and bancassurance fee structures. Reported concerns centre on potential effects on insurer earnings, intermediary economics, and lending-linked distribution arrangements; the measures are not described as final operative obligations or enforcement action.
September 24, 2026
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Personal loan eligibility and repayment planning: loan variants and digital applications remain subject to assessment, verification, and applicable terms.
Eligible customers may seek collateral-free personal loans within stated amount, tenure and interest-rate ranges. Loan amount, interest rate and tenure determine the EMI and total interest payable, while calculator results are estimates rather than final repayment obligations. Eligibility includes nationality, age, employment and credit-score conditions, but approval, final pricing and loan amount remain subject to lender assessment, document verification and applicable terms. Online applications require personal, financial and employment details and KYC verification.
September 24, 2026
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Nidhi company deposits lack insurance protection, requiring verification of government declaration before relying on high-return promises.
Each company seeking to function as a Nidhi must file Form NDH-4 for declaration or updated Nidhi status and comply with the Companies Act, 2013 and applicable Nidhi Rules. Nidhi companies may accept deposits and grant loans only to members. Public investors should verify declared Nidhi status rather than rely on unusually high-return promises, agent representations, or informal assurances. Deposits with Nidhi companies are not insured by the Deposit Insurance and Credit Guarantee Corporation, and recovery may be difficult where a company fails or fraud occurs.
September 24, 2026
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FCNR(B) liquidity deployment remains within banks' discretion, guided by credit pipelines, asset-liability positions, and prudent underwriting standards.
Banks retain full discretion to deploy liquidity mobilised through FCNR(B) deposits, based on their credit pipeline, lending proposals, liquidity outlook and asset-liability position. No sector-specific direction applies to use of these funds. FCNR(B) deposits are fixed-term foreign-currency deposits in which principal and interest are repayable in the same foreign currency, protecting non-resident depositors from direct rupee exchange-rate risk. Continued prudent credit appraisal and underwriting standards are expected.
September 24, 2026
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Compulsory Muslim marriage registration shifts registration to registrars under a statewide procedural framework, with local officials authorised when needed.
Compulsory registration of Muslim marriages will operate under the Assam Muslim Marriage Registration (Compulsory) Rules, 2026, framed under the Assam Compulsory Registration of Muslim Marriage and Divorces Act, 2024. Registration will be undertaken by registrars, with panchayat-level officials potentially authorised where application volumes require additional capacity. The framework addresses the registration forum after kazis were barred from registering Muslim marriages.
September 24, 2026
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Macroeconomic resilience supports fiscal consolidation, financial-sector stability, and orderly foreign-exchange management through persistent global and market shocks.
Policy management emphasises clear communication, policy certainty, macroeconomic and financial-sector stability, efficient use of buffers, and sustained structural reform. Fiscal prudence is treated as necessary to avoid unsustainable stimulus and preserve long-term stability. External-sector resilience rests on services exports and remittances, while oil and gold shocks and weaker capital inflows have created temporary balance-of-payments pressure. Further improvement is linked to lower oil dependence, export diversification, trade agreements, capital inflows and orderly foreign-exchange market management.
September 24, 2026
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Software export growth strengthens IT ecosystem as campus expansion supports startup activity, infrastructure development, and skilled employment.
Software export revenue generated by Technopark reached Rs 17,092 crore in FY 2025-26, reflecting year-on-year growth of approximately 17.3 per cent. Growth is attributed to IT infrastructure, a skilled talent base, and company performance. Technopark also operates as an IT and ITeS hub and startup ecosystem centre, with ongoing campus development intended to expand its position among major IT hubs.
September 24, 2026
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Artificial intelligence centre of excellence partnership advances industry-aligned training, supervised internships, startup mentorship, and applied research collaboration.
IIEST Shibpur and Tata Consultancy Services have entered into a Memorandum of Understanding to establish an Artificial Intelligence Centre of Excellence at the Electrical Engineering Department's high-performance computing laboratory. The collaboration supports industry-aligned training, professional certifications, practical projects, supervised internships, startup mentorship, curriculum benchmarking, and applied research in natural language processing, computer vision, image processing, and advanced data analytics.

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Xtep -- Market Leader in Global Running Shoe Sales and China's Marathon Event in 2024

April 28, 2025

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XIAMEN, China, April 28, 2025 /PRNewswire/ -- With the increasing popularity of healthy lifestyles and the widespread promotion of fitness, the global athletic footwear and apparel market continues to expand, driven by rising consumer demand for high-performance running products. In 2024, the global running shoe market reached $51.3 billion. The growth of this sector is primarily fueled by the following factors -- rising health awareness and mass adoption of Marathons races. As there is a growing emphasis on health and fitness, it has encouraged more consumers to engage in running, driving demand for professional running shoes, functional sportswear, and related accessories.

Furthermore, the increasing participation in marathons and road running events has significantly expanded the market for performance running shoes and running gear, with athletes showing a growing preference for high-performance footwear and smart wearable devices.

Among all sportswear brands, Chinese sportswear brands have gained increasing recognition in global markets, transitioning from regional players to internationally competitive brands. With the global rise of Chinese trend culture, overseas consumers have shown growing awareness and demand toward the fashion-forward designs, high value-for-money, and deep cultural elements embedded in Chinese brands.

Chinese sports brands have strengthened their global presence through strategic initiatives such as collaborating with international ambassadors, sponsoring major sporting events, and expanding global sales channels. These efforts have significantly enhanced brand influence on the international stage. Meanwhile, leading Chinese sports brands such as Li-Ning, ANTA, and Xtep have ramped up investments in product research and development, technological innovation, and sustainable materials, enabling them to deliver internationally competitive products with superior performance, comfort, and quality. As consumer preferences evolve, a growing number of international buyers are choosing Chinese brands, further solidifying their global market share and accelerating their transition towards premiumization and internationalization.

Chinese sports brands have also increased their presence in national marathon events, with domestic running shoes demonstrating growing stability in professional races and significantly higher adoption rates among athletes. Meanwhile, marathon participation has surged across China, with both event numbers and scale expanding in parallel. In 2024, China hosted 749 road races of various levels, attracting over 7.04 million participants, reflecting the growing mass adoption and regional expansion of marathon events in the country.

As marathon participation rises, demand for professional running gear continues to escalate, with performance running shoes, moisture-wicking apparel, and GPS smartwatches becoming essential for runners. This trend has not only driven the expansion of the performance running gear market but also fueled continuous advancements in running shoe design and technology. Runners and marathon participants now form a key consumer segment, with their increasing demand serving as a crucial driver of market growth.

Sports brands play a pivotal role in marathon sponsorship, with running shoes being highly aligned with marathon event content, making them a natural fit for sports marketing initiatives. The broad exposure and high engagement levels in marathon events provide sports brands with greater visibility and stronger marketing effectiveness. As a result, marathon events have become a critical marketing battleground for sports brands, further strengthening brand recognition and competitiveness in the performance sportswear market.

Xtep – The Market Leader in Professional Running Shoes As a well-known domestic sports brand, Xtep has solidified its position in the running shoe sector by making running footwear its core product focus while leveraging extensive exposure through marathon sponsorships. Since initiating its strategic expansion into the running shoes' category in 2007, Xtep has continuously deepened its presence in the running track. After more than a decade of accumulation and refinement, it has established a solid foundation in technology R&D and product innovation, successfully transforming from a mass sportswear brand into a professional running brand. This strategic approach has successfully positioned Xtep as a top choice among consumers in the running shoe market.

Designed specifically for running, running shoes play a critical role in ensuring safety and enhancing athletic performance. Through deep insights into runners' needs and continuous optimization of product performance, Xtep has built a solid foundation in running shoe technology and launched professional racing shoes. With lightweight design, advanced carbon plate technology, and exceptional cushioning performance, the shoes have been widely recognized by professional runners and core user groups, becoming their preferred choice for training and competition. Xtep's flagship product, the 160X product series, has consistently garnered global recognition and prestigious running shoe awards for its exceptional performance and advanced technology.

Leveraging its product advantages, Xtep achieved outstanding sales performance across all distribution channels in 2024, marking a significant leap in market share and reinforcing its leadership in the industry.

In addition, Xtep continues to expand its influence in the running industry through deep engagement in marathon events and the establishment of a comprehensive runner ecosystem. Through years of continuous in-depth communication and interaction with runners, Xtep has gradually built a one-stop professional service system covering product experience, foot shape and gait analysis, scientific training guidance, and post-race recovery. This comprehensive approach not only enhances the end-to-end sports experience for runners but also enables the brand to gain more accurate insights into the real needs of different runner groups, providing ongoing feedback and support for product development and service optimization.

Xtep's full-spectrum running shoe portfolio caters to a wide range of running needs—from daily training and competitive racing for professional marathon runners to everyday running for recreational athletes. This comprehensive product lineup meets the diverse usage scenarios of runners at all levels, achieving full market coverage from elite racing to mass participation.

Xtep continues to support China's road running events and sponsored a total of 44 marathon races nationwide in 2024. With its expanding market share in recent years, Xtep has emerged as a leading brand in the domestic and international running shoe industry.

As a result, Xtep has become one of the most prominent sponsors of marathon events, steadily increasing its market share in the running shoe segment. With its continuous innovation and market expansion, Xtep has firmly established itself as a leading brand in the global running shoe industry.

Based on extensive market research, Frost & Sullivan has officially recognized Xtep International Holdings Limited for its outstanding market leadership. Xtep has been awarded the "Global Leading Brand in terms of Sales Volume of Running shoes in 2024" and "Top-Ranked Running Shoe Brand by Wearing Rate in China's Marathons in 2024", affirming its dominant position in both global sales and nationwide marathon participation.

(Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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