It is well known that communication systems employing multiple transmit and multiple receive antennas provide high data rates along with increased reliability. Some of the design criteria of the space-time block codes (STBCs) for multiple input multiple output (MIMO)communication system are that these codes should attain large transmit diversity, high data-rate, low decoding-complexity, low decoding –delay and low peak-to-average power ratio (PAPR). STBCs based on real orthogonal designs (RODs) and complex orthogonal designs (CODs) achieve full transmit diversity and in addition, these codes are single-symbol maximum-likelihood (ML) decodable. It has been observed that the data-rate (in number of information symbols per channel use) of the square CODs falls exponentially with increase in number of antennas and it has led to the construction of rectangular CODs with high rate. We have constructed a class of maximal-rate CODs for n transmit antennas with rate if n is even and if n is odd. The novelty of the above construction is that they 2n+1 are constructed from square CODs. Though these codes have a high rate, this is achieved at the expense of large decoding delay especially when the number of antennas is 5or more. Moreover the rate also converges to half as the number of transmit antennas increases. We give a construction of rate-1/2 CODs with a substantial reduction in decoding delay when compared with the maximal- rate codes. Though there is a significant improvement in the rate of the codes mentioned above when compared with square CODs for the same number of antennas, the decoding delay of these codes is still considerably high. For certain applications, it is desirable to construct codes which are balanced with respect to both rate and decoding delay. To this end, we have constructed high rate and low decoding-delay RODs and CODs from Cayley-Dickson Algebra. Apart from the rate and decoding delay of orthogonal designs, peak-to-average power ratio (PAPR) of STBC is very important from implementation point of view. The standard constructions of square complex orthogonal designs contain a large number of zeros in the matrix result in gin high PAPR. We have given a construction for square complex orthogonal designs with lesser number of zero entries than the known constructions. When a + 1 is a power of 2, we get codes with no zero entries. Further more, we get complex orthogonal designs with no zero entry for any power of 2 antennas by introducing co- ordinate interleaved variables in the design matrix. These codes have significant advantage over the existing codes in term of PAPR. The only sacrifice that is made in the construction of these codes is that the signaling complexity (of these codes) is marginally greater than the existing codes (with zero entries) for some of the entries in the matrix consist of co-ordinate interleaved variables. Also a class of maximal-rate CODs (For mathematical equations pl see the pdf file)