I have complied a list of online Hindi radio stations. Copy the URL in your media player and enjoy !!
RadioTarana-NewZealand ==> mms://l1.r2.co.nz/tarana-1
106.2 HUMFM - UAE ==> http://www.humfm.com/humfm.asx
RadioOfIndia - Bollywood ==> http://www.radioofindia.com/asf/bollywood.asx
RadioOfIndia - Bhajans ==> http://www.radioofindia.com/asf/bhajans.asx
RadioOfIndia - Classical ==> http://66.238.65.109/classical
DesiSoundz - India ==> http://desisoundz.com:8000
Sabras radio - UK ==> http://ct1.fast-serv.com:8744
Haagstad Radio - Holand ==> mms://81.205.146.32:21/haagstadradio
RadioTeenTaal - Paris ==> http://www.radioteentaal.com/masala128.wax
ApnaRadio - USA ==> http://www.apnaradio.com/live/media24/ApnaRadio.asx
BombayBeats FM ==> http://www.1.fm/player/energybbfm32k.asx
Punjabi Radio - UK ==> http://azul.streamguys.com/panjabradio?MSWMExt=.asf
Amrit Bani - UK ==> http://62.25.97.192/amritbani?MSWMExt=.asf
Yarr Radio - UK ==> mms://193.218.160.20/yaarradio
Sunrise FM - UK ==> http://62.25.96.7/sunrise
Radio XL - UK ==> http://www.vtuner.com/vTunerweb/mms/m3u13219.m3u
Asian Gold Radio - UK ==> http://62.25.96.7/asiangold
Asian Sound Radio - UK ==> http://www.vtuner.com/vtunerweb/mms/mms15278.asx
Sanskar Radio - UK ==> http://www.vtuner.com/vTunerweb/mms/m3u18290.m3u
Trishul 90.5 FM ==> http://www.vtuner.com/vtunerweb/mms/mms14734.asx
Radio Apni Awaz ==> mms://67.15.80.29/radioapniawaz
Radio India - Canada ==> mms://live.radioindiabroadcasting.com/liveradio
City 101.6 FM - Dubai ==> http://asx.abacast.com/arabian_radio-city-24.asx
DDLive Video - India ==> http://164.100.51.209/ddlive?MSWMExt=.asf
AajKal - Asian Network ==> http://stream.servstream.com/ViewWeb/BBCRadio_music/Event/BBCAsianNetwork_hi.asx
BBC News ==> http://www.bbc.co.uk/worldservice/meta/tx/nb/live_news_au_nb.asx