Hi Rojodi,
Sorry to hear that the new battery doesn't appear to be charging. I will be happy to help you. Let me start by getting some more information. What is your product number and operating system?
Find your product number on a notebook:
http://h10025.www1.hp.com/ewfrf/wc/document?cc=us&lc=en&dlc=en&docname=c00033108
Finding your OS:
http://windows.microsoft.com/en-CA/windows/which-operating-system
I also have a link for you to try to get the battery charging properly. Click on the link below and do the steps listed there.
http://jeffreypalermo.com/blog/plugged-in-not-charging-windows-7-solution/
Let me know how it goes,
Thank you,