Add new favicon.ico file in SharePoint 2010
Open SharePoint 2010 Designer.
Open v4.master in left navigation under Master Pages
Search for SPShortcutIcon
Search for SPShortcutIcon
<SharePoint:SPShortcutIcon runat="server" IconUrl="/_layouts/images/favicon.ico"/>
Here you can change the name of ico, by adding ico icon in the below folder.
C:\Program Files\Common Files\Microsoft Shared\Web Server Extensions\14\TEMPLATE\IMAGES
Here you can change the name of ico, by adding ico icon in the below folder.
C:\Program Files\Common Files\Microsoft Shared\Web Server Extensions\14\TEMPLATE\IMAGES