Top headlines: UBS likely to buy C Suisse, direct tax collection up 15.3%

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Direct tax collection hits 95.2% of Revised Estimates for FY23

Net direct tax collection (after adjusting refunds) rose 15.3 per cent to Rs 15.72 trillion till March 16 this fiscal year so far, buoyed by an upsurge in advance tax mop-up, people close to the development told Business Standard. Read more

UBS in talks to buy embattled Swiss rival Credit Suisse, says report

UBS Group AG is in discussions to take over all or part of Credit Suisse, the Financial Times reported on Friday, after an emergency funding lifeline failed to restore investor confidence in the smaller Swiss bank.