If you havent been following, the event started late last evening. Essentially: a major terrorist attack with car bombs, squads with automatic weapons and grenades - coordinated attacks on (mostly luxury) hotels, hospitals, theaters, railway station and others, all in different parts of the city.
Several important heads of agencies have already been killed, including the anti-terrorist government agency. Reports are of already 87 casualties, with about 240 injured.
Reportedly terrorists havebeen filtering out hostages with American and British passports. There are even hostages from the European Parliament and major TNCs, who were there for meetings.
India has already seen an increase of terrorist attacks recently - however, the attacks have generally been remote attacks with bombs. This is a major event, as there are now coordinated groups with objectives and major assault weaponry.
A huge setback to the worldwide policy of anti-terrorism. Reporters are already comparing this event to the 9/11.