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Your question has two answers:
1) It's called syndication, and you'd have to contact indiatimes.com to find out how they deliver their content, and how much it will cost to license it. This is legal.
2) It's called screen-scraping. Here are a couple components to help: http://www.coalesys.com/products/httpclient/features/ - http://www.coalesys.com/products/httpclient/features/ and http://www.excaliburcs.com/ecshttp.php - http://www.excaliburcs.com/ecshttp.php or you can get one from http://www.serverobjects.com/ - http://www.serverobjects.com/ . You can google for more. In order to implement what you want, you have to:
a) Create an instance of the object you want.
b) Grab the URL for the news.
c) Sort through all that text to find out what you want in there.
d) Spit out what you want in your own page.
By the way, screen scraping can be illegal, as you are essentially stealing content from someone else. You'll have to check your local laws to find out.
The first way is simple. They will tell you how to do it. The second way is specific to each site you want to scrape, and from what you are asking, it's not very easy. The indiatimes.com site is rather complex, but it is manageable.
For more information on screen scraping, check out some of the components above.
As for implementing it... it would be a very very bad idea to actually do that everytime someone visits. i.e. You don't want it done in real time. Rather, schedule it to be done say once every three hours or once a day when they update it.
Cheers
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