Hi thisisjaymehta,
I am Dave, I will help you with this.
PowerShell should not be running in the background, it should only run if you have opened the application.
Download the free version of Malwarebytes and run a full scan with that, when that completes, run an Offline Scan with Defender, your PC will restart to perform that scan.
Then check if PowerShell is still running in the background.
I resetted the PC and problem got solved. (I was quite reluctant running 3rd party malware removal tool, I have not used any of such tools in past, I only have Windows Security)