Public sector lenders Union Bank of India (UBI) and Central Bank of India on Friday said the government has extended tenures of their executive directors. The terms of UBI's executive directors, Manas Ranjan Biswal and Gopal Singh Gusain, have been extended vide a notification dated August 26, the lender said in a regulatory filing.

IOC operates 11 refineries that convert crude oil into valued fuels such as petrol and diesel. These have a combined capacity of 81.2 million tonne. It plans to raise the capacity of its Koyali refinery in Gujarat to 18 million tonne from the current 13.7 million tonne while the same at Panipat refinery in Haryana is planned to go up to 25 million tonne from the current 15 million tonne.

The Centre is mulling allowing taxpayers, who post earnings of Rs 200 crore or more, to opt-out of the Faceless Assessment Scheme (FAS) that seeks to eliminate the human interface between the taxpayer and the income tax department.

The ED said it has unearthed a secret underground office in South Delhi which was being operated by erstwhile Unitech founder Ramesh Chandra and visited by his sons Sanjay and Ajay when on parole or bail.