MyBB Community Forums

How can I release Multi coloured Latest news in my forum like http://community.mybboard.net/ home page.
My requirement's screen shot is as attachment.
My Forum is http://chirantani.org/virtualcampus/

I'm guessing the mybboard.net news bars are updated manually in the templates. You can do the same.

To steal the news from a forum would require RSS syndication for the feed and some sort of RSS feed catcher to display it on your website. Search google for the catcher and your MyBB forum comes with syndication.