Lucknow, March 26 (IANS) The Uttar Pradesh government on Thursday cancelled the MoU with Puch AI in the interest of transparency and the highest level of probity in governance. Invest UP said in an X post that, as per standard protocols laid by the State Government, the MoU signed with Puch AI on March 23, 2026, was reviewed.“Necessary details as per SOP were sought from the investor, but they failed to provide them in a timely manner. Due diligence showed a lack of net worth and credible fina…
Latest Puch AI News & Updates
New Delhi, March 24 (IANS) Amid ongoing scrutiny over its agreement with the Uttar Pradesh government, Puch AI co-founder Siddharth Bhatia on Tuesday issued a detailed clarification, stating that the Memorandum of Understanding (MoU) signed with the state does not involve any public funds and is designed to attract investment rather than use taxpayer money.In a post on social media platform X, Bhatia said the partnership is structured as a public-private initiative and will be executed in phases…
New Delhi, March 24 (IANS) Samajwadi Party chief Akhilesh Yadav on Tuesday launched a sharp attack on the Bharatiya Janata Party (BJP) and Uttar Pradesh government over investment agreements, alleging that several Memorandums of Understanding (MoUs) signed under its rule lack credibility and have failed to materialise on the ground.Questioning a recent high-value agreement, Yadav said that a company established in 2025, with its website also created the same year, had reportedly signed an MoU wo…
Lucknow, March 24 (IANS) The Uttar Pradesh government on Tuesday issued a detailed clarification regarding the Memorandum of Understanding (MoU) signed between Invest UP and startup Puch AI, following growing scrutiny over the firm’s financial and operational capacity to execute a project of significant scale.Uttar Pradesh Chief Minister, Yogi Adityanath, shared a post on social media platform X, underlining that such MoUs are only preliminary arrangements and do not guarantee final approval o…