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Hi Pranav,
First of all if you are planning for MBA through correspondence it can be done from any Institute giving distance education provided you have the study centre of that Institute/ University in your area. Secondly, I would say that advisable would be that you should go for a full time MBA program as it not only gives you great practical exposure but also have a better standing in the job Market.
As MBA IT is a specialized field which is still in the budding face there are not many Institutes giving this degree, however, you can try in Symbiosis SCDL & IICT both of which are Distance learning programs.
For more information please check the links below:
http://tinyurl.com/yj49f4k
http://tinyurl.com/33ed2hs
http://tinyurl.com/3ax5us9
Hope this resolves your query. Feel free to put up more queries. In case your query is resolved please close this question by choosing it as a best answer or pressing the thumbs up icon.
Thanks,
Pooja

Yes, it is a Full Time Regular MBA- Industry Interactive Course and approved by UGC.Besides the Institute offers a PGDBM which is Industry Interactive and provides Industry Ready Specialisation subjects. Besides academics,the Industry Titans who are the recruiters are the Guest Faculties for the PGDBM Courses.Regular workshops and Industrial/Corporate visits are done with a focus on Industry Ready Awareness. There are over 800 hours of Industry Ready Modules of Soft Skills to enable the students to showcase themselves with the practical and field experience as Industry Ready Executives. The placements are guaranteed as Emcons is a PAN India Recruitment Company with over 1500+ Corporate Clients and 300+ Recruitment Consultants as associates and associated with 85 B Schools for campus placements.Emcons has a "On Line Video Audio Resume Job Portal "which is connected to over 1lakh Corporates and is a very important Job Portal for the freshers.Emcons figures as No 1 in the Googles under "Best Consultants of Kolkata" and had received several awards and recognition for immense value addition to the Recruitment Industry. During the recession period Emcons had placed more than 3000 MBAs across the country.

Hi Radhasyam,
As you want to become a news reporter i would suggest you to go for a correspondence journalism course as the news industry prefer people who belong to that profession. But there is no harm in trying. Basically journalism is of two types- print and electronic journalism. Electronic journalism is related to news channels and print journalism is related to all the magazines and news papers. Now to become a good journalist you need to have a good command over English, Hindi and your regional language. Apart from good English you also have to be a good listener and an interpreter, so that you are able to convey exactly what is important for the people and how will it effect them. To know more about journalism you can check the below link
http://tinyurl.com/28amsul
Few good institutes for journalism through correspondence can be
MICA
IIMC
XIC
Jamia
Amity
YMCA
Asian College of Journalism
Bhartiya Vidya Bhawan. etc
For more info please visit the below link
http://tinyurl.com/yagtzd9
http://tinyurl.com/y8m4lb7
http://tinyurl.com/yk6e4tq
Hope this helps.
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Thanks
All The Best