Hi,
Thanx for all your replies.
Yesterday I returned that Local USB Transfer Cable(Rs.150/-) and I bought a new one which is a good one and comes with a CD. It cost me Rs.700/-. But worth the buy.
I first plugged the USB then installed the driver from the CD on both the PC and Laptop and one special software for transferring the DATA which I installed on both and then the transfer of data was done smoothly.
Arsenal.