IE Crashes Frequently

"Internet Explorer has stopped responding" .

The applictaion hungs and I get the below eventerror in windows 7 machine.

Log Name:      Application
Source:        Application Hang
Date:          3/7/2013 12:52:45 PM
Event ID:      1002
Task Category: (101)
Level:         Error
Keywords:      Classic
User:          N/A
Computer:      qsblr.qspl.local
Description:
The program iexplore.exe version 10.0.9200.16521 stopped interacting with Windows and was closed. To see if more information about the problem is available, check the problem history in the Action Center control panel.
 Process ID: 19b0
 Start Time: 01ce1b03b887ceeb
 Termination Time: 8
 Application Path: C:\Program Files\Internet Explorer\iexplore.exe
 Report Id: ba7ef60c-86f7-11e2-ac11-3860772df43a

Event Xml:
<Event xmlns="http://schemas.microsoft.com/win/2004/08/events/event">
  <System>
    <Provider Name="Application Hang" />
    <EventID Qualifiers="0">1002</EventID>
    <Level>2</Level>
    <Task>101</Task>
    <Keywords>0x80000000000000</Keywords>
    <TimeCreated SystemTime="2013-03-07T07:22:45.000000000Z" />
    <EventRecordID>141561</EventRecordID>
    <Channel>Application</Channel>
    <Computer>qsblr.qspl.local</Computer>
    <Security />
  </System>
  <EventData>
    <Data>iexplore.exe</Data>
    <Data>10.0.9200.16521</Data>
    <Data>19b0</Data>
    <Data>01ce1b03b887ceeb</Data>
    <Data>8</Data>
    <Data>C:\Program Files\Internet Explorer\iexplore.exe</Data>
    <Data>ba7ef60c-86f7-11e2-ac11-3860772df43a</Data>
    <Binary>430072006F00730073002D00700072006F00630065007300730000000000</Binary>
  </EventData>
</Event>

Any help is highly appreciated