NEW DELHI/MUMBAI (Reuters) - Larsen and Toubro Ltd, India's largest engineering and construction group, will look overseas to offset a weak economy and project bottlenecks at home that led to a bigger-than-expected profit drop. Shares in L&T closed down nearly 6 percent after the Mumbai-based company's profit fell 6.9 percent for the fiscal fourth-quarter ending March, as its margins narrowed and existing infrastructure projects struggled to get off the ground. ...
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By Ross Colvin NEW DELHI (Reuters) - Afghan President Hamid Karzai said on Wednesday he had given a "wish list" of military equipment to India during a visit this week, presenting a conundrum for New Delhi as it weighs whether arming the Afghan army is in its interests. India wants to stabilise Afghanistan and is concerned about the resurgence of militant groups after foreign combat troops leave in 2014. But arming Afghanistan would alarm Pakistan. It takes issue with the influence of its old rival in Afghanistan. ...
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