A city on the siege, a financial capital crippled. Mumbai is India's commercial heart, and that may be why it and its top hotels were targeted. Everybody doing business in India and that now is pretty much every big company around the world. And we will have to pass through the gates of Tal Mahai palace hotel. It's the place where the business gets done. The other hotel, the Oberoi had airline crew members among guests caught up in the attacks. It's very likely Mumbai will take a financial hit if only bravely. My concern at the moment is this kind of immediatele tension will perhaps distract SMEs, the small business, or the mid-cap companies that are maybe put off thinking. I must analyze my risk, it's too risky. Maybe I should go to other market that is safer. An old Indian song says Mumbai is a door to the east with its face to the west. As Bombay, it was the centre of British business for centuries. Its deep harbor is the major attraction. Today, that harbor is full of luxury yachts. Mumbai also benefits from its time zone. Its workday starts when Tokyo is up for running. It shares many hours with London and ends the day after New York is open for business. One reason why many western banks and IT firms have bases there. The Mumbai was already suffering a stiff fall in property prices and lay-off by the like of Citigroup and others. It's the Mumbai's hard time. But you should look at the overall Indian picture, 6% growth forecast for this year. A lot of companies would be pleased with that. And it's, you know it's resilient economy and it's, I don't think it's gonna have long time effect. India is no strange to terrorism. Mumbai has been hit before. But this is different. The targets are popular with tourists and businesses. But Mumbai will recover quickly, say those who know its soul. Jim Boulden, CNN, London.