Bhopal

Yes, certainly. I would be in the favor of decision. Though, you need to keep this in mind for sure that you got to prepare well for the JEE besides your ongoing college academics. If you think you can manage those, and prepare for the JEE too, then go for it.
There are far better institutions (government), that you can try getting into, with a better JEE score, compared to your current institute.

Both are good institutes. TIME has an edge as it is having centres all over India. At the end it depends on individuals effort, how he/she makes the best use of assistance provided.

Makhanlal Chaturvadi National University of Journalism and Jagran Institute of Communication and Management are known for journalism in Bhopal.

In Pune, you can join TIME institute or Pankaj Gandhi Academy (PGA).

Please refer to the link:
https://goo.gl/DNq79r

You first need to decide the name of the institute that you want to do pursue your MBA from. Then visit their website and check on the admission process for distance MBA program. Based on this, you can take further action.
Since you are employed in Delhi, a better option could be to pursue executive MBA / part time MBA from a Delhi based institute itself.

Hi Pulkit,
D. Pharm and B. Pharm, both are regular courses, none of the university provide these courses in correspondence mode and it will of no value, if you pursue them in that way.

LNCT, Bhopal is better option.