PM Theresa May new Cabinet
May spent her first full day as prime minister by appointing more politicians to her front bench, at the same time firing a number of well-known politicians, including Justice Secretary Michael Gove.
Leadsom pulled out of the race over the leadership of the governing Conservative Party on Monday, leaving May as the only contender..
Andrea Leadsom, former minister of state at the department of energy and climate change, was named as secretary of state for environment,food and rural affairs, giving her a major job in May’s Downing Street cabinet.
Boris Johnson has been made foreign secretary.
Philip Hammond who was made Chancellor of the Exchequer.
Justice Secretary is Liz Truss. Education Secretary is Justine Greening.
Health Secretary Jeremy Hunt, caught up in a major wrangle with junior doctors over new working conditions in the NHS, has kept his job.
Chris Grayling, who ran May’s leadership campaign, has also won a cabinet role as Secretary of State for Transport.
Chancellor Philip Hammond ruled out an emergency budget. Hammond said there would be a normal autumn statement in the fall, and a regular budget next spring.Hammond said in a media interview that the British economy was entering a new phase because of the vote to leave the EU, admitting the referendum decision of June 23 had had a chilling short-term effect on the economy.”It has shaken confidence and caused many businesses to pause investment decisions that they were making,” said Hammond, adding the government now needed to send signals of reassurance about the future as quickly and as powerful as it can.
Downing Street tel-bells have continued to ring all day with messages of congratulation for May, who has become the second female prime minister in British history. Among the phone calls received by May were ones from German ChancellorAngela Merkel, French President Francois Hollande and Irish Taoiseach Enda Kenny.
May also had a 15 minutes telephone conversation with U.S. President Barack Obama. May’s spokeswoman said the prime minister “underlined her commitment to be a key partner with the United States.”
Media agencies
WorkApps gets USD$1million funding from SRI Capital
US based investor bets on India’s first Enterprise Workflow Collaboration company
New Delhi, July 15, 2016: WorkApps – India’s first Enterprise Workflow Collaboration (EWC) company announced today that it has received seed fund of USD$1million from legendary enterprise SAAS investor – Sashi Reddi, Partner -SRI Capital. WorkApps product is being rolled out simultaneously in US, Europe and APAC later this year. The core management team at WorkApps includes Rudrajeet Desai, MVS Murthy and Shankar Borate.
Rudrajeet is a first-generation entrepreneur in the consumer Internet and mobile industry space. MVS Murthy is a BFSI professional, with 19 years of experience in Product development, Portfolio Management, Channel Management, Strategy & Business Innovation in large corporates like ICICI Bank, Edelweiss & Tata AIG, among others. Shankar Borate is a computer scientist from IIT with 20 years experience in building a wide range of products for giants like Adobe, Symantec, Intuit, Siemens & GE.
Sashi Reddi, Managing Partner, SRI Capital stated, “We foresee the next big wave for Indian start-ups in the Enterprise Collaboration market globally. With over two years of product testing, I’m extremely excited about the potential of WorkApps to be a pioneer in the Enterprise Workflow Collaboration(EWC) category. With Rudrajeet, MVS Murthy and Shankar Borate leading the global product roll-out, I’mconfident that WorkApps will be able to create immense value to large enterprise customers in the Enterprise Collaboration space. WorkApps will create a digital inside enterprise and enable diverse teams to digitally come together to co-create using real-time collaboration.Though there are many players in this space, none of them cater to the Large Enterprise market, which is where WorkApps has built a very robust and scalable product”.
Rudrajeet Desai, Founder and CEO of WorkApps said, “We are excited to have SRI Capital as one of our early investors and to have Sashi join our board. Our next phase is about rolling out the product globally and creating a deeper impact for certain industries.Enterprise Workflow Collaboration (EWC)on SAAS will be a dominant force in the enterprise space and our product will enable large enterprises to augment communication efforts, improve efficiency and change the way people collaborate and work together.”
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