Freehostia is webhosting company that hosts upto 2 domains and 10 subdomains for free.
Other main feature include 250 MB disc space, 5GB monthly transfer and 3 POP3 mails
They also have some low cost hosting plans
I joined the this site for creating my site and is working fine for me.
Anyone want to check it out Here is the link
www.freehostia.com/