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For analysis of the attacks, read Michael Petrou at The World Desk.

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The latest news:

Stratfor has learned that discussions are already taking place among senior Congress officials in New Delhi to amass troops along the border in Kashmir, a situation reminiscent of the Indian response to the 2001 parliamentary bombing in Mumbai that led to a near-nuclear confrontation between India and Pakistan.
Stratfor

Mumbai: At least five hostages and two terrorists have been killed at Nariman House, a Jewish centre in Mumbai that was taken over by militants on Wednesday night. J K Dutt, director general of the National Security Guard (NSG) commandos, confirmed the death of five hostages and that of two terrorists at the Jewish centre in Colaba. “We have captured the whole building,” said Dutt, adding the commandos were moving through the building to check for explosives.
NARIMAN CLEAR: Two terrorists, 5 inmates dead (IBN)

At least two British-born Pakistanis are among the Mumbai terrorists, it was revealed today. According to one source, as many as seven of the gunmen may have British connections and some may have come from the Leeds and Bradford area. Two Britons were captured with eight other terrorists after commandos stormed two hotels and a Jewish centre to free hostages. The death toll mounted to 143 people this morning after 24 bodies were found in the Oberoi hotel. Later, Israeli rescue service Zaka reported that all the remaining nine hostages in the Jewish centre were believed to be dead. More than 327 people have been injured. Minister Vilasrao Deshmukh revealed that up to 25 terrorists were responsible for the bomb blasts and shootings that targeted tourists and foreign interests.
Mumbai siege gunmen are from Britain (Evening Standard)

Foreign Affairs Minister Lawrence Cannon says a Canadian has been killed in Mumbai where terrorists have staged a series of deadly attacks. In a teleconference statement early Friday, Cannon did not identify the dead Canadian or provide details concerning the circumstances surrounding the death. The victim’s family has been notified. Cannon also said that consular officials in Mumbai have been in contact with two other Canadians who were wounded during the terror attacks on Wednesday and subsequent siege. He said one had been released from hospital and the other is in stable condition.
One Canadian killed, two hurt, six reported missing after Mumbai attacks (Canadian Press)

Ismail alias Zakiruallah, a Punjabi from Faridkot in Pakistan who was arrested by the Mumbai police on Wednesday night during the terror attacks, is giving interrogators the complete story of how the sensational terror operation was planned and executed. He has told the Mumbai police that he has been trained by the Lashkar e Tayiba, said police sources while giving chilling details of the most daring terror attack in India that has so far killed 101 people–and the horror story is not over, yet. rediff.com, with help of political and governmental sources in New Delhi [Images] and Mumbai, including from intelligence, has pieced together the government’s thinking on the matter.
Exclusive: LeT terrorist Ismail arrested in Mumbai (rediff.com)

Indian commandos scoured through the flame and wreckage of two posh hotels Thursday, searching for survivors and battling bands of gunmen who unleashed two days of chaos here in India’s commercial capital. A third group of gunmen, the remnants of well-organized squads of attackers, remained holed up in a Jewish community center. By midnight, amid early indications that the sieges were ending, fears were growing that the death toll would rise past the more than 119 known. Smoke was still rising from one of the hotels; people who escaped reported stepping around corpses. Dozens, perhaps many more, remained trapped or were held hostage to the heavily armed assailants; their survival was yet to be determined.
Indian Forces Tighten Grip on Mumbai (New York Times)

Three terrorists, including a Pakistani national, were arrested by the security forces from the Taj hotel on Thursday night. Ajmal Amir Kamal, a resident of Faridkot, Multan in Pakistan and two others were arrested from the hotel, official sources said. Kamal told the investigators that they had come in a merchant vessel, which dropped them at 10 nautical miles ahead of Indian waters. From there, they took a dingy fibre glass boat to enter the Indian waters, he said. There were 12 people on the boat, he said. The arrested militants belong to Lashkar-e-Taiba, they said.
3 suspected terrorists arrested from Taj (IBN)

An Israeli rescue team left Thursday afternoon for Mumbai, India, where gunmen were holding several residents hostage at a Jewish Center, a spokesman for the team told CNN.
Israeli rescue team heads to Mumbai (CNN)

The terror attacks in Mumbai have put the cops on high alert in Delhi. There is uneasiness since some of the suspects of September’s Delhi blasts are still on the run and they could trigger explosions in the Capital. Delhi Police has intensified efforts to nab them. In a late-night development, some sympathisers of SIMI in the capital were picked up for interrogation. The Mumbai attack, says intelligence sources, was planned in October this year after the Indian Mujahideen (IM) module was busted in September in which two terrorists were killed.
City on high alert, pro-SIMI men picked up (Times of India)