Hi,
Times Group's accelerator program 
TLabs (
www.tlabs.in) has opened applications for its Fall 2012 batch. This 13 week program provides a tech based startup with Rs.10 Lakh of funding and mentoring by some of the top people in the business. A brief list of mentors is here: 
http://tlabs.in/mentors.html
We are coming to Mumbai and have organized a dedicated pitch session (10:30 - 11:30 am) for startups in Mumbai-Pune and around at TiE Mumbai's Smash Up event on 28th April 2012 at IIT Bombay's Victor Menzes Convention
 Center (VMCC). 
Cheers,
Arpit
Disclaimer: I work with TLabs in a full-time role.