is B.com correspondence considered as valid graduation for pursuing higher education like MBA in a regular college or foreign universities?

Hi, Yes, you may surely pursue MBA after completing your graduation from a correspondence mode. In order to pursue full time MBA you need to be graduate in any field with atleast 50% marks in graduation, plus you need to take various management entrance test like CAT, MAT, XAT, etc. As per your

Correspondence B.Com should be from a valid university then you can do MBA from regular colleges