Yes, you can get uber cabs at midnight in Hyderabad. In fact I have booked Uber during the wee hours like 2AM-4AM, mostly to airport. But it all depends on the cab availability in your locality.
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Uber might reject your ride request if there are no drivers nearby (beyond some threshold) - but generally the “Service” is available 7/24/365.
99.9999% of the time absolutely nothing bad will happen. But do keep your cell handy and always listen to your gut. If you feel endangered, get out and get another uber or cancel beforehand. But I am sure it will just be another ride for your driver and a safe & pleasant trip for you!
Uber and LYFT platforms or apps, are utilized by rideshare drivers at any time day or night. It depends on a drivers desire to go out in public and drive. As long as there are enough drivers in the area (like if you're not in a rural area) there should be an active driver at all hours of the day and night, yes.
Uber (and other app based cabs) are available 24 hrs on all 7 days in Bangalore. However, the availability of cab at 2 am from your pickup location depends on a lot of things.
Yes, Ola provides services round the clock. The only catch that the area you are in should be serviceable by them and there should be a cab in your vicinity since it goes without saying that if there is no cab near you, you won't be able to book it. Can I book an Ola cab everyday for work in India?