Defending champion Saina was now one step away from retaining her women's singles title as she disposed off fourth seed Nichaon Jindapon of Thailand 21-10 21-16 in the semifinal at the Babu Banarasi Das Indoor Stadium.
Saina will take on Spanish second seed and reigning World Champion Carolina Marin, who dispatched Sindhu 21-13 21-13 in her semifinal, which lasted 38 minutes.
The top seed Indian dropped the opening game before beating Prannoy 12-21 21-12 21-14 in a match that lasted for an hour and four minutes in the men's singles competition.
Srikanth will take on third seed compatriot Parupalli Kashyap, who rallied to beat Denmark's second seed Viktor Axelsen 18-21 22-20 21-7.
In doubles, it was curtains for fifth seeds Manu Attri and B Sumeeth Reddy as they were defeated by fourth seeds Vladimir Ivanov and Ivan Sozonov of Russia 12-21 18-21.
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