Statement 1 is correct. The Department of Space (DoS), which oversees ISRO, did sign an MoU with CE Info Systems Pvt. Ltd. (MapmyIndia) for collaboration on geospatial services. Statement 2 is incorrect. While the collaboration involves leveraging earth observation datasets, NavIC, and data/ services from ISRO's existing portals like ‘Bhuvan’, ‘VEDAS’, and ‘MOSDAC’ along with MapmyIndia's resources, the statement incorrectly claims that "The geospatial portals will be called ‘Bhuvan’, ‘VEDAS’ and ‘MOSDAC’." These are existing ISRO portals, and the collaboration aims to integrate data/services for a combined platform or application, not rename or create new portals with these names as the outcome of the collaboration.