Dear AartiG:
Seems what you are offering is C6000 code generation tools instead of ARM Compiler updates.
The attached picture shows what I got after installing ti_cgt_c6000_7.4.2_setup_win32.exe. As can be seen from the snapshot, there's no Ti ARM Compiler 5.0.1 present.
So I hope you can send me the new version again.
Thank you!