Issac George

A recovery in India's credit growth could elude the country's banks until early 2016, despite an economy that in the first three months of this year is expected to have outpaced China.

GVK to file up to $250mn IPO for airport unit soon: Sources

GVK has mandated Citigroup , Bank of America-Merrill Lynch , Axis Capital and JM Financial Services to manage the IPO for unit GVK Airport Developers Pvt Ltd , the sources added.

Exclusive: India expects better monsoon rains this year

If the outlook turns out correct, it will be another shot in the arm for Prime Minister Narendra Modi's efforts to revive the economy after the Reserve Bank of India (RBI) unexpectedly cut its policy rate for the second time this year on Wednesday.

Steps being taken to ensure power for all: Coal, Power min

The oil and power ministry are seeking financial aid for stranded gas-based power plants.

Singapore's Changi out of race for GVK airports stake

GVK Group CFO Issac George said the stake sale could not proceed as planned due to a lower valuation and currently due diligence is undertaken by one of the investors.

GVK eyes $500-600m unit stake sale: Sources

GVK Power and Infrastructure is in talks to raise $500 million to $600 million by selling a minority stake in its Singapore arm and is talking to Government of Singapore Investment Corp for a potential deal, two sources with direct knowledge of the matter told Reuters.

GVK to attain financial closure for Dewas project by FY12

GVK Power and Infrastructure will attain financial closure for its Shivpuri-Dewas road project by the end of FY12 and the project is expected to be completed three years from then, says chief financial officer, Issac George.

GVK to raise $1bn by selling stake in S'pore arm

GVK Group today said it plans to raise around USD 1 billion by selling a part of its stake in its Singapore-based subsidiary to fund its USD 1.26-billion acquisition of assets of Australia's Hancock Coal.