Of the two entrance exams, GMAT and GRE, the former is a better option. ISB Hyderabad has recently started accepting GRE scores. This doesn’t mean that taking the GRE is a bad idea. Many business schools apart from ISB are now accepting GRE scores. The best part is that ISB won’t be converting your GRE scores to GMAT for comparison during the MBA admissions.
So from these points, we can safely conclude that GMAT is a better option for MBA students provided that you are sure of your course.