Reports are coming in that a lot of American and British tourists are being held hostage at the Oberoi Hotel.

Other reports point to similar situation at the Taj Hotel.

"Encounter is on between police and terrorists at Taj and Trident. Our people have surrounded them and the Anti-Terrorist Squad (ATS) team has arrived at the Taj hotel," A N Roy, Deputy Police Commissioner.
Many foreigners are reported to be held hostage by the terrorists.

"Gunmen took 15 hostages and half of them foreigners," said an eye-witness at Taj hotel.
"Gunmen wanted anyone with British or American passport," said another eye-witness. [link]