When we create string with new() Operator, it’s created in heap and not added into string pool while String created using literal are created in String pool itself which exists in PermGen area of heap.
String s = new String("Test");
does not put the object in String pool , we need to call String.intern() method which is used to put them into String pool explicitly. its only when you create String object as String literal e.g. String s = "Test" Java automatically put that into String pool.
Immutable classes are Java classes whose objects can not be modified once created. Any modification in Immutable object result in new object. For example is String is immutable in Java. Mostly Immutable are also final in Java, in order to prevent sub class from overriding methods in Java which can compromise Immutability. You can achieve same functionality by making member as non final but private and not modifying them except in constructor.