Reports: Terrorists Holding Western Hostages in Mumbai Hotels

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Of the eight targets hit today, authorities say there are still hostages at two of them:

A.N. Roy, a senior police officer, said police were continuing to battle the gunmen. “The terrorists have used automatic weapons and in some places grenades have been lobbed, the encounters are still going on and we are trying to overpower them,” he said. Local television said army troops had begun moving into one of the hotels, the Oberoi, containing hostages.

The Times Online has more specific information:

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