NEW DELHI:- India's cricket officials Sunday announced a new sponsor for the scandal-hit Indian Premier League (IPL) after Pepsi pulled out of the glitzy Twenty20 tournament. Chinese mobile company Vivo is set to take over as sponsor of the eight-team franchised competition, the powerful Board of Control for Cricket in India (BCCI) said after a meeting. "The IPL title sponsorship right has been assigned to M/S Vivo mobiles. Vivo is to give the bank guarantee in next ten days," a BCCI statement said, without giving details.–AFP