BSNL did introduce IPTV so did Bharti Airtel but only in bits and pieces without any real proposition from the consumer stand point, thus losing its sheen. Mundu, a startup catering to Mobiles has launched an Application very similar to Tata Photon+ TV which will enable viewers to watch Live TV of any channel that they desire.
You can also choose from bouquet of channels ranging from NDTV 24/7 to UTV etc. Mundu has also launched a Mobile App which when installed on your Handset which is assumed to be GPRS enabled, you can start watching Live TV. So also there is an App for Desktop / Laptop / Netbooks. Mundu is Free for a month after registration.
The timesgroup is streaming its channels [ET Now, Tmes Now, India TV, etc] for FREE on the Web, ofcourse with very poor Video Quality and acceptable Audio. You can view the same here.