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By ticker application, i mean a ticker application, which will display RSS feeds as well as my own RSS feed and i can place this feed anywhere on the desktop.

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[...]By ticker application, i mean a ticker application[...] lulz, fo course you do, I remember there was a Feed Indicator though i don't know if it still works with 11.10. You could also be using a Widget to show the feeds or set up Conky too. –  Uri Herrera Feb 15 '12 at 16:34
    
Try adobe air(closed source) from usc 1000s of .air ticker apps are available –  Tachyons Feb 15 '12 at 17:27
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What about tickr ?

It is in the repositories and puts a scrolling news ticker across your desktop.

enter image description here

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You can use snackr (open source). But you'll have to install Adobe Air though. Screenshot of Snackr

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Welcome to Ask Ubuntu! As of right now, Adobe Air for Linux is discontinued. Also, to make your answer even better, you can upload a screenshot of snackr. For more on that, please read this - meta.stackexchange.com/questions/75491/… –  jrg Feb 17 '12 at 13:26
    
Just did that. I guess I didn't have the privilege initially. Thanks for the welcome. –  keheliya Feb 18 '12 at 5:42
    
Continued development of Adobe Air is discontinued, but version 2.6 works with Linux and is still available link. –  James Feb 18 '12 at 7:18
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