We have studied the width and speed of coronal mass ejections (CMEs) and geomagnetic disturbance storm time (Dst) Index during ascending phase of solar cycles 23 and 24. We have classified total CMEs according to angular width and speed for the ascending period 1996-2002 and 2008-2014. We have found that the width of 62% CMEs is narrow, and 3% are Halo for the solar cycle 23 and 73% CMEs are narrow, and 2% CMEs are Halo for the solar cycle 24. The speed distribution of 65% CMEs has speed ≤ 500 km/sec and 4% CMEs has speed > 1000 km/sec for solar cycle 23 and 84% CMEs has speed ≤ 500 km/sec and 1% CMEs has speed > 1000 km/sec in cycle 24. The relationship between width and speed is more pronounced for fast ejecta (>1000 km/sec.), while slower ejecta shows more astronomically immense scatter. We have reported that the correlation between Dst and CMEs for ascending phase of solar cycle 24 is less than as compare to ascending phase of solar cycle 23.