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Hi Gaurav,
Please refer to these links
https://blogs.technet.microsoft.com/mspfe/2013/04/18/how-to-resolve-httpexception-0x80004005-failed-to-execute-url/
https://stackoverflow.com/questions/5653202/failed-to-execute-url-any-ideas
http://blah.winsmarts.com/2009-1-IIS7_-and-ndash;_Classic_mode_weirdness__Failed_to_execute_URL.aspx