Download Click

If your mobile device support streaming feature so you can watch live TV on your mobile phone.
It is quite similar to playing online videos from websites like Youtube.com or vuclip.com,
all you have to do, visit these sites by your mobile device:

yamgo.mobi (Yamgo)
This site provides you some popular channels(both Hindi & English), they keep updating their channels list.
Some popular channels you can watch are Zing, Music1, B4U music, BELLAclub, Bollywood Movies and many more.

klive.in/index (Klive)
K live have long list of Indian Hindi channels and as well English movies channel, some of the channels support only High-end devices but you can try they have long list of channels.

akeelwap.net/streaming/index (Akeelwap.net)
Akeel wap provides free service of live TV and Live Radio, this site allow you to download 3gp or MP4 Format movies for your mobile phone.
Both Hindi, English channels list are available on this site.

www.yupptv.com/mobile/yuppMobile (YuppTV)
yupp tv has long list of channels by categories , including both local and international channels.
yuppTV also provides you high and low bandwidth of channels so better support to your device.

m.ibnlive.com/app (IBN Live TV application)
this application is able to play IBN live on your mobile device but only support High-End Devices.

You can also watch these channels on your desktop pc or laptop too, for this Ill refer you to read my post ?Play YouTube videos with vlc media player?.