Hi Ravi,
you can use existing controls for that.
BusyIndicator: https://sapui5.netweaver.ondemand.com/sdk/#docs/api/symbols/sap.m.BusyIndicator.html
ProgressIndicator: https://sapui5.netweaver.ondemand.com/sdk/#docs/api/symbols/sap.m.ProgressIndicator.html
In the API reference you find the necessary methods to show the controls, to update and to close them.
Best regards,
Florian
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