Based on limited experience I can recommend the following:
Canon PowerShot SX160
Samsung DV300F
Samsung ST200F
Sony DSC-H90
Sony DSC-WX50
The Sony DSC-WX50, by far, produces the best night shots I have ever seen from a point and shoot. It even puts up impressive performance in motion as well as in dim light scenarios. As far as daytime pics are concerned, it is like most other cameras in its class. The low zoom range may not appeal to you though (5x). Noise performance is very, very good, pictures are usable upto ISO 1600.
DSC-H90 and W690 from Sony are decent cameras with good lenses. They capture a nice sharp image with good colours but aren't nearly as good in low-light/night.
Samsung ST200F has 10x zoom, DV300F has front LCD as well for taking self-portraits. DV300F IMO produces better images but they are close. Sharpness isn't very good though, but the lenses capture good amount of detail, though colours appear a bit muted and noise performance is not as good as Sony (but still not bad). I think they use Pentax-made lenses, though I am not sure.
Everybody knows Canon I'm sure. But IMO, get Sony over the Canon products. I know the difference my Sony camera makes. Heck, in sunlight (where noise performance isn't as significant), my old Kodak M580 takes better photos than many point and shoots out here today.
Samsung and Sony provide good value for money. Fujifilm is another vendor to look out for, though looking at Flipkart their range isn't great at the moment.