These attacks couldn't have come at a worse time. When the economy is reeling under a slowdown and companies are desperately trying to survive, the India's commercial capital, Mumbai, is under another worst terrorist siege. The attacks have so far killed at least 78 people and injured more than 200, according to latest reports.

The targets of attacks include two large five star hotels - Taj Mahal Hotel & Tower near Gateway of India and Oberoi Hotel - which are frequented by Mumbai's business elite and foreign business travellers and torurists. The attacks have not only taken lives of innocent people, but they would also affect India's business confidence, and even slow down the foreign direct investment inflows as the attacks have been primarily targeted at business travellers in some of the large and most popular five star hotels in the city.

Among those killed include Hemant Karkare, the chief of anti-terrorist squad of Maharashtra Police, and scores of policemen. The news reports also suggest scores of men and women have been taken hostage in these hotels. 

The current attackes remind us of the 1993 serial blasts which had killed about 200 people. It had even attacked the Bombay Stock Exchange which was the symbol of Indian business.

It seems there have been severe security lapses in the hotels and hospitals that have been attacked. While the government and the police have to step up their activities to prevent such attacks in the future, we can only hope that Mumbai will bounce back from the catastrophe sooner than later. Our prayers and thoughts are with the victims, the family and kin of all who have been affected by these attacks.

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