I guess I can't really recommend one in particular because we are a registrar. Our clients come to us for hosting and can buy/register their domain name all at the same time. I thought this would be rather convenient for our clients as they have everything all in one place. If they ever want to transfer the domain name out from our services, we always have the domain secret instantly available. I guess its just our way of doing business.
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Ever hear of nodaddy.com? I came across this site just yesterday and I have to say, what a shocker. I guess its not as good as it sounds.
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I've tried out Godaddy and hosting.b4uindia.com both were very good in terms of value and rates... The latter gives both hosting and domain registration