Placed at number 10 in the Race to Guanzhou rankings, Srikanth needed to win the tournament to have any hopes of qualifying for the season-ending World Tour Final in December.
P V Sindhu and Aakarshi Kashyap advanced to the women's singles second round at the Denmark Open Super 750 badminton tournament.
Coaching is the toughest job: Saina Nehwal on her future
HS Prannoy, who occupies the 8th spot, is the best ranked Indian in the men's singles while Lakshya Sen and Kidambi Srikanth are placed 19th and 20th respectively.
Srikanth exits from Indonesia Open, loses in quarterfinals to Li Shi Feng
Two-time Olympic-medallist P V Sindhu made a winning return from a lengthy injury lay-off as India stunned formidable China 3-2 in the women's competition of the Badminton Asia Team Championships in Shah Alam, Malaysia on Wednesday.
India thrashed lowly Nepal 3-0 in the quarter-finals to secure a historic medal after 37 years in the men's team badminton event at the Asian Games.
Lakshya Sen and Kiran George advanced to the second round but HS Prannoy and Kidambi Srikanth made early exits after suffering narrow losses in their respective opening matches at the Indonesia Masters Super 500 badminton tournament in Jakarta on Wednesday.
However, four of her compatriots, including double Olympic medallist P V Sindhu and World Championships silver winner Kidambi Srikanth, progressed to the quarterfinals of their respective events.
Kidambi Srikanth rallied his way to a thrilling win in a tense decider as India kept alive their hopes of winning a first-ever gold medal at the Asian Games.
Satwik and Chirag jumped one spot in the latest BWF rankings to regain the fifth place.
Lakshya Sen will take on Kidambi Srikanth in an all-Indian second round clash.
Satwiksairaj Rankireddy and Chirag Shetty achieved a career-best world number three
The Indian men's team is searching for its maiden medal at the tournament. No Indian men's team has ever reached the semi-finals of the Thomas Cup.
Besides Srikanth, the other players withdrawn are Ashwini Ponnappa, Ritika Rahul Thkar, Treesa Jolly, Mithun Manjunath, Simran Aman Singh and Khushi Gupta.
The win ensured Srikanth's dominance over his younger countrymate as he took his head-to-head record to 3-0 over Lakshya.
HS Prannoy and PV Sindhu marched into the pre-quarterfinals of the Swiss Open Super 300 badminton tournament in Basel.
Battling an inconsistent form, double Olympic medallist PV Sindhu on Tuesday slipped five places to world number 17 in the latest BWF world rankings.
Star Indian shuttler HS Prannoy has pulled out of the Denmark Open Super 750 tournament due to a back injury that troubled him during his maiden bronze medal-winning run at the recently-concluded Asian Games.
The Indian duo won 21-15, 21-13.
Double Olympic medallist PV Sindhu survived some tense moments before progressing to the women's singles second round, but it was curtains for Lakshya Sen and Kidambi Srikanth in the men's singles at the Badminton Asia Championships, in Ningbo, China, on Wednesday.
P V Sindhu, H S Prannoy and Kidambi Srikanth booked their places in the quarter-finals of the Malaysia Masters Super 500 tournament.
India had a mixed day at the Madrid Spain Masters with PV Sindhu marching into the semis and Kidambi Srikanth's campaign coming to an end.
Karnataka Chief Minister Basavaraj Somappa Bommai was quick to felicitate the 20-year-old native of Almora in Uttarkhand who is now based in Bengaluru where he trains at the Prakash Padukone Badminton Academy.
Srikanth said winning for the country was a big motivating factor for the team.
The script remained the same in the second game as well, with Sindhu maintaining her firm grip over the proceedings to race to a 6-0 lead in just two minutes.
He was hailed as the next big thing when he shocked five-time world and two-time Olympic champion, Lin Dan in the final of China Open Super Series Premier event, a performance that also held out promise of a medal at the Rio Olympics.
Two-time Olympic medallist P V Sindhu sailed into the quarter-finals in the singles event at the Badminton Asia Championships with an easy victory over China's Han Yue.
In the upcoming German Open, Lakshya Sen will spearhead India's challenge at the Super 300 tournament.
Chief national badminton coach Pullela Gopichand on Monday singled out world number one doubles pair of Satwiksairaj Rankireddy and Chirag Shetty as favourites for an Olympic medal and said two-time medallist PV Sindhu too is on the right path and can deliver once again at the Paris Games.
In the men's doubles, seventh-seeded Satwiksairaj Rankireddy and Chirag Shetty beat the Malaysian duo of Man Wei Chong and Kai Wun Tee 21-16 21-14 in a round of 16 match, that lasted 40 minutes.
PV Sindhu produced another impressive show as she rallied to a three-game win over USA's Beiwen Zhang to advance to the women's singles quarterfinals
Two-time Olympic medallist and fourth seed PV Sindhu made a positive start to her title defence on Wednesday, beating Jenjira Stadelmann of Switzerland 21-9, 21-16 in a lopsided opening round women's singles match.
The FIR, filed on Thursday by M Goviappa Nagaraja, alleged that the 21-year-old reigning Commonwealth Games champion, along with his brother Chirag Sen, had fudged their age to get into playing age-group tournaments since 2010.
Star Indian men's doubles pair of Satwiksairaj Rankireddy and Chirag Shetty stormed into the second round in the Korea Open Super 500 tournament.
Following is India's schedule at the Asian Games in Hangzhou on Wednesday, October 4.
London Olympics bronze medallist Saina Nehwal, on the other hand, moved one place to 31st.
Lakshya Sen upset World No 4 Loh Kean Yew of Singapore in the round of 32 match at the Malaysia Masters.
India's women shuttlers assured themselves of a maiden Badminton Asia Team Championships medal by cruising to a 3-0 win over Hong Kong in the quarter-finals.
Srikanth lost to Ireland's unseeded player Nguyen Nhat 11-21, 21-15, 12-21
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