National Market
What is your budget? If you go to SP road or National Market, you may get quite a few discounts. Bargaining is also easy here. You just need to roam around and ask a bit.
1. Transcend T-Sonic 610 mp3/wma/wav player with fm/fm-record/voice-record/noice-cancelling, etc is available for 2100 with 2 GB capacity.
2. There is a camera called JDX(perhaps made in china) which has 1 GB memory, playback of video(mp4 and wmv), jpeg, audio(m4a, mp3, wma, etc) and can record both video and audio. It has a decent sized screen and a few of my friends who bought it are really satisfied. I am not sure if it comes with a loud speaker. It comes at around Rs. 2000. If you stretch your budget, you get a much bigger screened one(4"-5") for 6500. Its SD card expandable.
3. Similar to ^^, there is a Fujitsu Camera with a large screen and all the above's capabilities, 30GB HDD, guarentee for 11,000. a good buy.
4. There is something called "Sony iPod" which is a mp4 player with loud speaker, and nokia batteries, and has 1 GB memory, which is SD card expandable. My friend who has it, says it gives a long musc playback time, and has no problems with it. I myself tested it, and found it to be excellent.
5. You can also buy Apple iPod Nanos with video support. there are also clones of them, comming at very low(2k-3k) prices. The best part of iPods is that you can install RockBox and iPod Linux softwares in them, due to which their features expand a lot.
6. Also concider Cowon products.
I gave you a breif report of my wanderings in National Market. SP Road may be much better. just ask around